Auto Service Facility with Multiple
For Sale
$2,700,000
1101 S Highway 78, Wylie, TX 75098
SINGLE_FAMILY - Wylie, TX
Property Size1,500 SF
Lot Size2.00 Acres
Price / SF$1,800
Days on Market45
Property Features for 1101 S Highway 78
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial, Industrial
Directions
Use GPS
Standard status
Active
APN
R684100000601
Size
1,500 SF
Lot size
2.00 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Composition
Listing Agency:
Skyline Realty
(469) 250-1999
Listed By:
Rafael Babadzhanov
(972) 380-5630
Added: Jun 29
Changed: Aug 1
Last Checked: Aug 12 at 7:06AM
MLS# 21299398
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Auto service facility property with multiple buildings, currently configured for automotive-related operations, and including office space plus a functional automotive service facility. The site provides expansive parking and vehicle display areas, along with flexible space that can support automotive-centered commercial activity.
The property is located directly on State Highway 78 at 1101 S Highway 78 in Wylie, Texas, with easy access and highway frontage designed for customer and vendor visitation. Construction materials include stucco, and the composition roof supports durable long-term use.
Built in 1979, the buildings include vinyl flooring and are served by electric heating and electric central air. Public water and public sewer are available to the property, supporting everyday operations and tenant flexibility.
The property is located directly on State Highway 78 at 1101 S Highway 78 in Wylie, Texas, with easy access and highway frontage designed for customer and vendor visitation. Construction materials include stucco, and the composition roof supports durable long-term use.
Built in 1979, the buildings include vinyl flooring and are served by electric heating and electric central air. Public water and public sewer are available to the property, supporting everyday operations and tenant flexibility.
Key Highlights
- Multiple buildings configured for automotive‑related operations with office space
- Located on State Highway 78 at 1101 S Highway 78, Wylie, TX
- Approximately 2 acres with expansive parking and vehicle display areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,086,680
$2.1M
Cap Rate 7%
$1,490,486
$1.5M
Cap Rate 9%
$1,159,267
$1.2M
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$165.1K $110.04/SF
− Vacancy
−$16.0K −$10.67/SF
EGI
$149.0K $99.37/SF
− OpEx
−$44.7K −$29.81/SF
NOI
$104.3K $69.56/SF
Area
Collin County, TX
Vacancy
9.70%
Lease Rate
$110.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,086,680
Cap Rate 7%
$1,490,486
Cap Rate 9%
$1,159,267
Alternative Uses
Best Use
Industrial
$1.49M
$1.30M – $1.74M
NOI $104,334 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$344.8K
$301.7K – $402.3K
NOI $24,136 @ 7.0% cap · market cap 0.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service facility plus office space configured for automotive-related operations with public utilities and central air conditioning.
Where is this auto shop located?
The property is located at 1101 S Highway 78 Wylie, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Multiple buildings configured for automotive‑related operations with office space; Located on State Highway 78 at 1101 S Highway 78, Wylie, TX; Approximately 2 acres with expansive parking and vehicle display areas
