Drive-Through Restaurant
For Sale
$595,000
720 S Highway 96 S, Silsbee, TX 77656
Former seafood restaurant with an operating drive-thru window, freezer, and included kitchen equipment for food service or retail use.
Property Size2,424 SF
Lot Size0.60 Acres
Price / SF$245.46
Days on Market157
Property Features for 720 S Highway 96 S
General Information
Standard status
Active
Size
2,424 SF
Lot size
0.60 Acres
Site & Location
Traffic Count
15,396 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Listing Agency:
Brand Realty, LLC
Listed By:
Noah Jorgensen · License #823489
(409) 350-4127
Source:
Exprealty
Added: Apr 11
Changed: Aug 20
Last Checked: Sep 14 at 1:55PM
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 Brand Realty, LLC
Investment Insights
Based on property information with market context.
This former seafood restaurant offers approximately 2,424 SF of enclosed space on about 0.604 acres, with a fully operating drive-thru window and canopy. The improvements include a large walk-in freezer, two restrooms, and a sizable parking lot, along with additional storage in a separate storage building. The property also includes delivery truck access and dual road access, and all trade fixtures are included in the sale or lease, including tables and cooking equipment.
Located on busy Hwy 96 in Silsbee, TX near the intersection of Hwy 327 and Hwy 96, the property is positioned for strong roadside exposure. Public remarks indicate the site is surrounded by national brands and includes a reported 15,396 daily traffic count.
This setup can work well for an owner-user or tenant looking for a ready-to-operate food service concept, including restaurant or quick-service use. The combination of a drive-thru, commercial kitchen infrastructure, and included trade fixtures can also support related food service, retail, or specialty commercial applications that benefit from convenient access and on-site storage.
Located on busy Hwy 96 in Silsbee, TX near the intersection of Hwy 327 and Hwy 96, the property is positioned for strong roadside exposure. Public remarks indicate the site is surrounded by national brands and includes a reported 15,396 daily traffic count.
This setup can work well for an owner-user or tenant looking for a ready-to-operate food service concept, including restaurant or quick-service use. The combination of a drive-thru, commercial kitchen infrastructure, and included trade fixtures can also support related food service, retail, or specialty commercial applications that benefit from convenient access and on-site storage.
Key Highlights
- 2,424 SF former seafood restaurant on approx. 0.604 acres on busy Hwy 96 in Silsbee, TX
- Fully operating drive‑thru window plus delivery truck access for drive‑in and delivery service
- Large walk‑in freezer, two restrooms, and additional storage building
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
$31,279
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
5.26%
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%
$625,580
$625.6K
Cap Rate 7%
$446,843
$446.8K
Cap Rate 9%
$347,544
$347.5K
Market Conditions
NOI Build-Up for 2,424 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
$45.1K $18.60/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$41.7K $17.21/SF
− OpEx
−$10.4K −$4.30/SF
NOI
$31.3K $12.90/SF
Area
Hardin County, TX
Vacancy
7.50%
Lease Rate
$18.60 /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%
$625,580
Cap Rate 7%
$446,843
Cap Rate 9%
$347,544
Alternative Uses
Best Use
Specialty Retail
$446.8K
$391.0K – $521.3K
NOI $31,279 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.5K
$500.9K – $667.9K
NOI $40,072 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15,396 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 77656, TX
17,199
Population
7,822
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
175.3 sq mi
ZIP Area
98
Density / Sq Mi
$61,084
Median Household Income
$42,031
Median Earnings
$974
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former seafood restaurant with an operating drive-thru window, freezer, and included kitchen equipment for food service or retail use.
Where is this drive through restaurant located?
The property is located at 720 S Highway 96 S Silsbee, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,424 SF former seafood restaurant on approx. 0.604 acres on busy Hwy 96 in Silsbee, TX; Fully operating drive‑thru window plus delivery truck access for drive‑in and delivery service; Large walk‑in freezer, two restrooms, and additional storage building
