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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Drive through restaurants
760 Interstate 35th E, Lancaster, TX 75146-1804
Entity Owned
Free & Clear
Property ID
US82-5139122
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2012
Construction
FRAME
Total area
3,511 SF
Lot
0.96 ac (42,001 SF)
Zoning code
Z239
APN
360640000104R0000
UPID
US82-5139122
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
Current use
Occupant on record · Public records
-
Bojangles Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$510k
Owner & transaction history
Cavco Manufacturing LLC
Cavco Manufacturing LLC
since 2026
7 recorded transactions
Zoning & alternative use
Z239 · Lancaster, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+63.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$480,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +64% · Conversion: Easy
RETAIL STORES
$430,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$415,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,931
Tax year 2023
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$420,010
Assessed improvement
$779,990
Land market value
$420,010
Improvement market value
$779,990
Total market value
$1,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,511 SF
Lot
0.96 ac (42,001 SF)
Zoning code
Z239
APN
360640000104R0000
UPID
US82-5139122
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Lancaster, TX
Zoning Z239 · permitted uses
Z239 · Lancaster, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$415,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Cavco Manufacturing LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2201 DUPONT DR STE #300, IRVINE, CA 92612-7509
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Cavco Manufacturing LLC
Cavco Manufacturing LLC
Deed
related
—
May 15, 2023
—
Dupont Investment Partners LLC
Bp Lancaster Tx LP
Special Warranty Deed
—
Sep 12, 2022
—
Bojangles Opco LLC
Bp Lancaster Tx LP
Lease
—
Aug 5, 2022
—
Bp Lancaster Tx LP
Ryan Moore LLC
Venders Lien
$2,786,573 · Cen-tex Certified Dev Corp
Jan 2, 2013
—
Keith Moore LLC
Rls II Properties Mgmt INC
Warranty Deed
$850,000 · Pinnacle Bank
Jan 12, 2012
—
Rls II Properties Mgmt INC
Lancaster Pleasant Run Ltd
Grant Deed
—
—
—
Rls II Properties Mgmt INC
—
Deed Of Trust
related
$2,120,000 · Frost Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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