Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    216 Middle Buster Rd Gonzales, TX 78629

    • Commercial real estate
    • 13,768 SF
    • 1.04 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4971405
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 216 Middle Buster Rd

    Year built
    2015
    Lot size
    1.04 lot acres
    Property size
    13,768 SF
    Property type
    Commercial real estate
    APN
    30149
    APU
    30149

    Description

    This exceptional Gonzales, Texas property presents a lucrative investment opportunity. The 13,768 square foot building currently operates as G&G Steak & Spirits, a versatile establishment offering diverse revenue streams. The restaurant features four distinct dining areas: a main dining room (100+ guests), a private dining room (40+ guests), a bar with ample seating (65+ guests), and a unique upstairs venue. This upstairs space boasts a dance floor/ballroom, a stage, and capacity for 300 guests, ideal for weddings, corporate events, or concerts. Adding to its versatility, the property includes a separate 900 square foot rental space, providing additional income potential. The property also features two elevators and an outdoor patio, enhancing guest experience and functionality. Situated on a 1.04-acre lot, this location offers excellent visibility and accessibility, being less than a quarter mile from Highway 183. Its strategic location near Austin, Houston, and San Antonio provides access to a large and diverse customer base. The property is offered at $2,000,000. Showings are by appointment only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gonzales
    County
    Gonzales
    State
    Texas
    Longitude
    -97.485
    Latitude
    29.474

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,889
    $115,300
    $2,204,650
    $2,319,950
    -
    $115,300
    $2,204,650
    $2,319,950

    Comparable in this City

    • Value Estimation by Request
      2,797 SF

      3534 A

      Land • 2,797 SF
      3534 A, Gonzales, TX 78629
      View Details
    • Value Estimation by Request
      2,797 SF

      3534 A

      Land • 2,797 SF
      3534 A, Gonzales, TX 78629
      View Details
    • Value Estimation by Request
      0.74 Acres

      00 Badger St

      Commercial real estate • 0.74 Acres
      00 Badger St, Gonzales, TX 78629
      View Details
    • Value Estimation by Request
      2.00 Acres

      Fm 794

      COMMERCIAL (GENERAL) • 2.00 Acres
      Fm 794, Gonzales, TX 78629
      View Details
    • Value Estimation by Request
      9.23 Acres

      Industrial Park

      COMMERCIAL (GENERAL) • 9.23 Acres
      Industrial Park, Gonzales, TX 78629
      View Details
    • Value Estimation by Request
      1.00 Acre

      125 Middlebuster Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      125 Middlebuster Rd, Gonzales, TX 78629-2112
      View Details

    Similar Nearby for Sale

    • $660,000
      16,500 SF

      Gonzales Commercial Land - Huge Potential

      16,500 sq ft lot, prime Gonzales location.
      2600 Church St, Gonzales, TX 78629
      View Details
    • $660,000
      16,500 SF

      Gonzales Warehouse: Huge Potential

      16,500 SF Warehouse, Priced to Sell
      2600 Church St, Gonzales, TX 78629
      View Details
    • $199,000
      1.05 Acres

      Gonzales Commercial Property - Hwy 183

      High-visibility commercial lot, great investment.
      2019 Water St, Gonzales, TX 78629
      View Details
    • $99,900
      0.74 Acres

      Gonzales Commercial Lot - Great Potential

      0.74-acre lot, light commercial zoning. New water line coming!
      00 Badger St, Gonzales, TX 78629
      View Details
    • $485,000
      0.84 Acres

      Gonzales Commercial Warehouse - Prime Location

      Spacious warehouse/office space near I-10. Great investment opportunity.
      512 Jones St, Gonzales, TX 78629
      View Details
    • $2,000,000
      13,768 SF

      Gonzales Restaurant & Event Venue

      Prime Gonzales location, multiple income streams.
      216 Middle Buster Rd, Gonzales, TX 78629
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Retail Space in Gonzales, Texas

      1,200 SF retail space available near SH 183.
      1832 Water St, Gonzales, TX 78629
      View Details
    • $25 SF/Yr
      28,227 SF

      Retail Space in Gonzales, TX

      Retail space available near SH 183 and Highway 90.
      1832 Water St, Gonzales, TX 78629
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 Middle Buster Rd
    Gonzales, TX 78629
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.