Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1106 W Main Street Olney, TX 76374

    View on Map
    For Sale
    $425,000

    Business - Olney, TX

    Type:Business
    Lot size:
    0.64 Acres
    Added:
    Oct 7, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1106 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Garage, Parking Lot
    Fireplace
    1
    Standard status
    Active
    APN
    7665
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Flooring type
    Concrete, Tile
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Bethann Oswald
    Bethann Oswald

    Listing agent Bethann Oswald License #0609787

    Listing office Bishop Realtor Group, Inc 1916 Elmwood North Ave, Wichita Falls, TX

    Listing date Oct 7, 2025

    MLS# 21080741 Listing URL

    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.

    Overview

    Turn-key Auto Business in Olney

    This is a turn-key auto, truck, and tire business located in Olney, TX. The business has a potential 5-year return and includes inventory, machinery, and tools. Equipment includes 4 Post Bendpak lifts with 2 jacks and an alignment computer, a 2 Post Hydraulic Lift, 4 tire machines, and 2 balance machines. The customer list includes a wide area of manufacturing plants, farmers, truck companies, and municipals. All bookkeeping records will convey with the sale. The building includes a large showroom, private office, storage room, and public and shop restrooms. The property has Phase 3 electric and a monitored security system. QuickBooks records are available. The business performs minor mechanics, battery replacements, and oil changes. The front of the building has a gas furnace and AC. A new metal roof is planned for 2025, at a cost of $50,000. The lot size is 0.64 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olney Auto Tire ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Olney Auto Tire & Truck Service — 1106 W Main St, Olney, TX 76374
    • Shelley Serv Sta — 312 TX-79, Olney, TX 76374
    • Steve's Auto Service — 220 N Grand Ave #1522, Olney, TX 76374
    • Woodall Service — 402 W Main St, Olney, TX 76374
    • Tye$ — 613 S Ave C, Olney, TX 76374

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Young
    State
    Texas
    Longitude
    -98.766902
    Latitude
    33.371068

    Nearby Similar for Sale

    • $110,000

      Olney Warehouse with Storage Units

      Storage units with expansion potential in Olney, Texas.
      520 S Ave C, Olney, TX 76374
      View Details
    • $1,399,900

      Young County Farm with Home

      320-acre farm with home, perimeter fencing, and ponds.
      1299 Dunn Road, Olney, TX 76374
      View Details
    • $250,000

      Fenced Property with Workshop, Offices

      Fenced property featuring a workshop, portable offices, and carport.
      1112 W Main, Olney, TX 76374
      View Details

    FAQs

    What type of property is this?
    Auto shop - Successful auto, truck, and tire business with equipment and inventory.
    Where is this auto shop located?
    The property is located at 1106 W Main Street Olney, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Turn‑key auto, truck, and tire business with potential for a 5‑year return.; Includes extensive inventory, machinery, and tools: **Bendpak lifts, hydraulic lift, tire machines, balance machines, and alignment computer.**; Established customer base including manufacturing plants, farmers, truck companies, and municipalities.
    (940) 691-7355
    We can help!
    Listing Contact
    Bethann Oswald
    Bethann Oswald
    Real Estate License ID: 0609787
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!