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Property profile & analytics
OFF-MARKET
Turn key restaurants

23526 State Hwy 71st W Spicewood, TX 78669-6831

4,518 SF 5.78 ac lot Built 2004
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4001997
Property summary
AI-generated overview

This exceptional restaurant property in Spicewood, Texas, presents a turnkey opportunity for immediate operation. Situated on 5.72 acres at the intersection of State Highway 71 W and Pace Bend Rd, this Class A, two-story building (built in 2004, renovated in 2014) boasts a fully equipped kitchen, all furniture, fixtures, and equipment (FFE) included. The 1,300 square foot patio provides ample outdoor dining space, complemented by 50+ parking spaces. A second-story office and storage area optimizes operational efficiency. The property's strategic location within a thriving community, enhanced by a weekend farmer's market on-site, ensures high visibility and foot traffic. Property taxes are $2.38 per square foot. This is a rare opportunity to acquire a well-established restaurant in a prime location with significant growth potential.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 4,518 SF
Lot 5.78 ac (251,777 SF)
APN 547090114
UPID US82-4001997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Taylor Hall · 17 yrs held
Taylor Hall
since 2009
5 recorded transactions
2009
Price N/A
2006
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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