Equipped Restaurant Space in
For Sale
Contact for pricing
425 N Main St, Vidor, TX 77662
Fully equipped restaurant space ready for a new concept.
Property Size1,998 SF
Price / SF$249.75
Days on Market701
Property Features for 425 N Main St
General Information
Standard status
Active
Size
1,998 SF
Class
C
Property subtype
Hospitality, Retail
Building Details
Year Built
1975
Listing Agency:
Connect Realty
(281) 296-3100
Listed By:
David Boatner · License #TX 315137
Source:
Crexi
Added: Sep 9, 2024
Changed: Aug 8
Last Checked: May 12 at 9:56PM
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 Connect Realty
Investment Insights
Based on property information with market context.
This fully equipped restaurant offers a ready-to-use space suitable for a new restaurant concept. The property is currently occupied by a tenant on a month-to-month basis and will be delivered vacant at closing. The building includes a complete kitchen setup, dining furniture, and fixtures. It also features a spacious dining area and ample parking. The property's efficient layout and visibility in a high-traffic area make it a practical option for establishing or relocating a restaurant in Vidor. The property size is 1998 square feet.
Key Highlights
- Ready‑to‑use, fully equipped restaurant space.
- Delivered vacant at closing for easy transition.
- Complete kitchen setup, dining furniture, and fixtures 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
$25,782
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
5.17%
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%
$515,640
$515.6K
Cap Rate 7%
$368,314
$368.3K
Cap Rate 9%
$286,467
$286.5K
Market Conditions
NOI Build-Up for 1,998 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
$37.2K $18.60/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$34.4K $17.21/SF
− OpEx
−$8.6K −$4.30/SF
NOI
$25.8K $12.90/SF
Area
Orange 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%
$515,640
Cap Rate 7%
$368,314
Cap Rate 9%
$286,467
Alternative Uses
Best Use
Specialty Retail
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.8K
$412.9K – $550.5K
NOI $33,029 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77662, TX
25,462
Population
11,820
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
90%
High-School Grad
139.8 sq mi
ZIP Area
182
Density / Sq Mi
$71,755
Median Household Income
$43,388
Median Earnings
$868
Median Rent
$124,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- King's Buffet — Vidor, TX 77662
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant space ready for a new concept.
Where is this conventional restaurant located?
The property is located at 425 N Main St Vidor, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Ready‑to‑use, **fully equipped restaurant space**.; Delivered vacant at closing for easy transition.; Complete kitchen setup, dining furniture, and fixtures included**.
