Restaurant, Apartments, and Warehouse
6928 Third St Canutillo, TX 79835
6928 Third St, Canutillo, TX, 79835
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For Sale
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Mixed-use property featuring a restaurant, apartments, and warehouse space.
Property Size2,589 SF
Price / SF$115.49
Days on Market919
Property Features for 6928 Third St
General Information
- Standard status
- Active
- Size
- 2,589 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1986
Listing Agency
ERA Sellers & Buyers Real Estate
Listed by
Albert Lugo · License #TX 583648
Source
Crexi
Added: Jan 12, 2024 Checked: Jul 17 at 6:06 am
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 ERA Sellers & Buyers Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property features a fully equipped restaurant, two apartments, and flexible warehouse space. The property is located near Doniphan Drive and Talbot Ave. The restaurant and warehouse offer approximately 2,600 square feet, which can be transformed into extra seating if needed. There is 1,200 square feet of residential space, including two apartments. Each unit is approximately 600 square feet and features one bedroom and one bathroom. The total property size is 2,589 square feet.
Key Highlights
- Fully equipped restaurant with 2,600 sq ft.
- Includes two 1‑bedroom, 1‑bath apartments (1,200 sq ft total).
- Features flexible warehouse space (2,600 sq ft).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $12.60 |
| − Vacancy | −$2.0k | −$0.75 |
| EGI | $30.7k | $11.85 |
| − OpEx | −$9.2k | −$3.55 |
| NOI | $21.5k | $8.29 |
2,589 SF · lease $12.60/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$439.4K
$384.5K – $512.6K
NOI $30,757 @ 7.0% cap · market cap 10.29%
Second Best
Multifamily LT 5
$306.7K
$268.4K – $357.8K
NOI $21,469 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$467.9K
$409.4K – $545.9K
NOI $32,752 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Popeyito Tacos & Salsas, ...
Restaurant
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant, apartments, and warehouse space.
Where is this mixed-use property located?
The property is located at 6928 Third St Canutillo, 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: Fully equipped restaurant with 2,600 sq ft.; Includes two 1‑bedroom, 1‑bath apartments (1,200 sq ft total).; Features flexible warehouse space (2,600 sq ft).
