Commercial Property on FM
1911 Laurel Court, Donna, TX 78537
Property with frontage on FM 493, includes drive-through.
Type:Retail
Property size:
2,544 SFPrice / SF:
$274/SF- Added:
- Mar 16, 2024
- Days on Market:
- 798
- Last Refresh:
- May 12 at 8:31 pm
Property Features for 1911 Laurel Court
General Information
- Standard status
- Active
- Size
- 2,544 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agent Ryan McDaniel
Listing office Effective Real Estate
Listing date Mar 16, 2024
Source Crexi
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 Effective Real Estate
HighLights
- High‑traffic location at the intersection of FM 493 and Laurel Ct.
- Over 500 ft of frontage on FM 493.
- 2544 sqft private event center above the drive‑through.
- Includes a drive‑through.
- Single‑family home built in 2007 with 2314 sq ft.
- Includes a former gas station canopy and a swimming pool.
Overview
This property is located at the intersection of FM 493 and Laurel Ct, featuring over 500 ft of frontage on FM 493. Existing improvements include a drive-through, a single-family home, a former gas station canopy, and a swimming pool. The space above the drive-through is approximately 2544 square feet and is currently used as a private event center. The single-family home, constructed in 2007, has 2314 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$410.2K
NOI $36,920 @ 9.00% cap · cautious / downside scenario
Moderate
$527.4K
NOI $36,920 @ 7.00% cap · market / base-case scenario
Aggressive
$738.4K
NOI $36,920 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.2k | $20.52 |
| − Vacancy | −$3.0k | −$1.17 |
| EGI | $49.2k | $19.35 |
| − OpEx | −$12.3k | −$4.84 |
| NOI | $36.9k | $14.51 |
2,544 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$527.4K
$461.5K – $615.3K
NOI $36,920 @ 7.0% cap · market cap 5.28%
Second Best
Retail
$490.7K
$429.4K – $572.5K
NOI $34,349 @ 7.0% cap · market cap 4.91%
Theoretical Best
Hotel Hospitality
$1.92M
$1.68M – $2.24M
NOI $134,132 @ 7.0% cap · market cap 19.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Las margaritas
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Donna
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.0373695
- Latitude
- 26.223167
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Property with frontage on FM 493, includes drive-through.
Where is this drive through restaurant located?
The property is located at 1911 Laurel Court Donna, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of FM 493 and Laurel Ct.; Over 500 ft of frontage on FM 493.; 2544 sqft private event center above the drive‑through.
