Restaurant with Drive-Thru-Ready
For Sale
$299,000
6304 Mile 7 Road, Mission, TX 78574
Established restaurant on a half-acre lot with about 14 parking spaces and included kitchen appliances.
Property Size1,504 SF
Price / SF$198.80
Days on Market885
Property Features for 6304 Mile 7 Road
General Information
Standard status
Active
Size
1,504 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,276
Amenities
Central Air, Electric
3
14 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Rgv
(956) 928-1155
Listed By:
Ronaldo Lacayo
(956) 578-5733
Source:
Xome
Added: Apr 8, 2024
Changed: Sep 2
Last Checked: Sep 9 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Rgv
Investment Insights
Based on property information with market context.
This for-sale restaurant property is currently operating as a taqueria restaurant and includes almost all kitchen appliances. The site sits on approximately a half-acre lot and offers about 14 parking spaces for patrons.
The business is positioned in a high-traffic location, supporting convenient customer access and visibility. The offering includes the existing restaurant setup and equipment, giving a ready-to-operate framework for continued restaurant use.
The space is configured for full restaurant operations, with the included kitchen appliances supporting day-to-day food preparation. Schedule an appointment to view the property and review the existing kitchen package in person.
The business is positioned in a high-traffic location, supporting convenient customer access and visibility. The offering includes the existing restaurant setup and equipment, giving a ready-to-operate framework for continued restaurant use.
The space is configured for full restaurant operations, with the included kitchen appliances supporting day-to-day food preparation. Schedule an appointment to view the property and review the existing kitchen package in person.
Key Highlights
- Established restaurant currently used as a taqueria
- About 1/2‑acre lot in a high‑traffic location
- Includes kitchen appliances (almost all kitchen appliances included)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,827
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,540
$436.5K
Cap Rate 7%
$311,814
$311.8K
Cap Rate 9%
$242,522
$242.5K
Market Conditions
NOI Build-Up for 1,504 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.9K $20.52/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$29.1K $19.35/SF
− OpEx
−$7.3K −$4.84/SF
NOI
$21.8K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,540
Cap Rate 7%
$311,814
Cap Rate 9%
$242,522
Alternative Uses
Best Use
Specialty Retail
$311.8K
$272.8K – $363.8K
NOI $21,827 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.13M
$991.2K – $1.32M
NOI $79,298 @ 7.0% cap · market cap 26.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant on a half-acre lot with about 14 parking spaces and included kitchen appliances.
Where is this conventional restaurant located?
The property is located at 6304 Mile 7 Road Mission, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Established restaurant currently used as a taqueria; About 1/2‑acre lot in a high‑traffic location; Includes kitchen appliances (almost all kitchen appliances included)
