Restaurant on Highway 96,
For Sale
$595,000
720 S Hwy 96, Silsbee, TX 77656
Silsbee, TX
Property Size2,424 SF
Lot Size0.60 Acres
Price / SF$245.46
Days on Market110
Property Features for 720 S Hwy 96
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Silsbee
Standard status
Active
Size
2,424 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
S03250 HOCO 1 , ACRES .3771 & S03500 KING ADDN , LOT E 62 FT 3 & 4 , ACRES .1423 & S03250 HOCO 1 , LOT PT OF 17 , ACRES .0849
Legal Description
S03250 HOCO 1 , ACRES .3771 & S03500 KING ADDN , LOT E 62 FT 3 & 4 , ACRES .1423 & S03250 HOCO 1 , LOT PT OF 17 , ACRES .0849
Amenities
two restrooms
delivery truck access
storage building
canopy
Listing Agency:
Brand Realty, LLC
(409) 866-7315
Listed By:
Brock Badger · License #0585610
(409) 866-7315
Added: May 11
Changed: Aug 19
Last Checked: Aug 28 at 6:06PM
MLS# 266612
Copyright © 2026 Beaumont Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, formerly a seafood restaurant, is located on busy Highway 96 in Silsbee, TX. The 2,424 square foot building sits on approximately 0.604 acres and offers access, visibility, and flexibility for an owner-user or tenant. The property features a fully operating drive-thru window, a large walk-in freezer, two restrooms, a large parking lot, dual road access, delivery truck access, an additional storage building, and a canopy. All trade fixtures, including tables and cooking equipment, are included in the sale. Situated near the intersection of Highway 327 and Highway 96 and surrounded by national brands, the property benefits from exposure to a reported 15,396 daily traffic count. It is suitable for restaurant, quick-service, retail, food service, or specialty commercial use.
Key Highlights
- High‑traffic location on Hwy 96 with 15,396 daily traffic count.
- Fully equipped former seafood restaurant with all trade fixtures included.
- Operating drive‑thru window.
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
Property Profile
Current Use
Lease Details
15,396 VPD
Traffic count
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 2,424 SF restaurant on 0.604 acres with drive-thru.
Where is this drive through restaurant located?
The property is located at 720 S Hwy 96 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: High‑traffic location on Hwy 96 with 15,396 daily traffic count.; Fully equipped former seafood restaurant with all trade fixtures included.; Operating drive‑thru window.
