Equipped Restaurant on High-Traffic
For Sale
Contact for pricing
121 E Bentsen Palm Drive, Palmview, TX 78572
Fully equipped restaurant for sale in Palmview, Texas.
Property Size3,344 SF
Price / SF$177.93
Days on Market845
Property Features for 121 E Bentsen Palm Drive
General Information
Standard status
Active
Size
3,344 SF
Total Parking Spaces
20
Property subtype
Retail
Building Details
Year Built
1983
Listing Agency:
Alliance Real Estate Group
Listed By:
Francisco Pacheco
(956) 340-4633
Source:
Crexi
Added: Jun 21, 2024
Changed: Oct 6
Last Checked: Oct 12 at 6:01PM
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 Alliance Real Estate Group
Investment Insights
Based on property information with market context.
A fully equipped restaurant is available for sale in Palmview, Texas, situated in the Mission area. The restaurant, previously leased by the owner to the same tenant for over 10 years, was well-established and income-producing. It features a complete kitchen and serving area, including natural gas stoves, freezers, a cold room, an ice maker, chairs, tables, utensils, plates, glasses, and a buffet car. The property is currently leased, but the tenant will be vacating soon. Located on the corner of Bentsen Palms Drive and East Expressway 83 frontage road, the restaurant benefits from high traffic and visibility. According to the owner, it generates good sales income per month, depending on the season. The 3,344 square foot property could also be transformed for other uses according to needs.
Key Highlights
- Fully equipped restaurant featuring natural gas stoves, freezers, cold room, ice maker, chairs, tables, utensils, plates, glasses, and buffet car.
- High‑traffic corner location on Bentsen Palms Dr & East Exp 83 frontage Rd.
- Previously well‑established and income‑producing restaurant with a 10+ year tenant history.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,531
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,620
$970.6K
Cap Rate 7%
$693,300
$693.3K
Cap Rate 9%
$539,233
$539.2K
Market Conditions
NOI Build-Up for 3,344 SF
Gross rent
$68.6K $20.52/SF
− Vacancy
−$3.9K −$1.17/SF
EGI
$64.7K $19.35/SF
− OpEx
−$16.2K −$4.84/SF
NOI
$48.5K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,620
Cap Rate 7%
$693,300
Cap Rate 9%
$539,233
Alternative Uses
Best Use
Specialty Retail
$693.3K
$606.6K – $808.9K
NOI $48,531 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.52M
$2.20M – $2.94M
NOI $176,312 @ 7.0% cap · market cap 29.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant for sale in Palmview, Texas.
Where is this conventional restaurant located?
The property is located at 121 E Bentsen Palm Drive Palmview, 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: Fully equipped restaurant featuring natural gas stoves, freezers, cold room, ice maker, chairs, tables, utensils, plates, glasses, and buffet car.; High‑traffic corner location on Bentsen Palms Dr & East Exp 83 frontage Rd.; Previously well‑established and income‑producing restaurant with a 10+ year tenant history.
