Drive-Through Beverage
New
For Sale
$474,000
806 Us Highway 90 W, Castroville, TX 78009
Operating beverage business with single-lane service and real estate included in the sale.
Property Size1,600 SF
Lot Size0.06 Acres
Price / SF$296.25
Days on Market2
Property Features for 806 Us Highway 90 W
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.06 Acres
Site & Location
Drive-Thru
Yes
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1987
Listing Agency:
Keller Williams City-View
Listed By:
Shannon Richardson
(210) 288-1971
Source:
Drialtor
Added: Sep 1
Last Checked: Sep 1 at 9:24PM
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 City-View
Investment Insights
Based on property information with market context.
The offering combines a drive-through beverage business with its underlying real estate at 806 US Highway 90 W in Castroville, Texas. The 1,600-square-foot improvement includes a 1,152-square-foot building constructed in 1987 and a 448-square-foot addition completed in 2020. Its single-lane drive-through layout is configured for beverage service and ongoing daily operations.
The site encompasses approximately 0.06 acres along Highway 90, with approximately 27,000 vehicles passing daily. The sale includes the established operating business, providing a buyer with an existing commercial operation in addition to the physical improvements. The property is positioned within the Castroville market and offers a compact format centered on drive-through service.
The site encompasses approximately 0.06 acres along Highway 90, with approximately 27,000 vehicles passing daily. The sale includes the established operating business, providing a buyer with an existing commercial operation in addition to the physical improvements. The property is positioned within the Castroville market and offers a compact format centered on drive-through service.
Key Highlights
- Real estate and established drive‑through beverage business offered together
- 1,600 square feet of total improvements on approximately 0.06 acres
- Approximately 27,000 vehicles per day along Highway 90
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
$22,948
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
4.84%
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%
$458,960
$459.0K
Cap Rate 7%
$327,829
$327.8K
Cap Rate 9%
$254,978
$255.0K
Market Conditions
NOI Build-Up for 1,600 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
$31.9K $19.92/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$30.6K $19.12/SF
− OpEx
−$7.6K −$4.78/SF
NOI
$22.9K $14.34/SF
Area
Medina County, TX
Vacancy
4.00%
Lease Rate
$19.92 /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%
$458,960
Cap Rate 7%
$327,829
Cap Rate 9%
$254,978
Alternative Uses
Best Use
Specialty Retail
$327.8K
$286.9K – $382.5K
NOI $22,948 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.1K
$357.1K – $476.2K
NOI $28,569 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
McDonald's
Dining
16,101 visits/mo
0.0 miles
Dollar Tree
Shops & Services
11,207 visits/mo
0.4 miles
Exxon
Shops & Services
6,881 visits/mo
0.0 miles
Diamond Shamrock
Shops & Services
6,600 visits/mo
0.2 miles
Demographics for 78009, TX
8,715
Population
3,470
Households
2.5
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
70.5 sq mi
ZIP Area
124
Density / Sq Mi
$102,724
Median Household Income
$41,427
Median Earnings
$1,212
Median Rent
$335,200
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 - Operating beverage business with single-lane service and real estate included in the sale.
Where is this drive through restaurant located?
The property is located at 806 Us Highway 90 W Castroville, TX.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: Real estate and established drive‑through beverage business offered together; 1,600 square feet of total improvements on approximately 0.06 acres; Approximately 27,000 vehicles per day along Highway 90
