Gas Station Property with Drive-Thru
For Sale
$675,000
12235 Camp Bowie W Boulevard, Aledo, TX 76008
SINGLE_FAMILY - Aledo, TX
Property Size2,587 SF
Lot Size1.05 Acres
Price / SF$260.92
Days on Market31
Property Features for 12235 Camp Bowie W Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning description
F1
Parking features
Garage, Open, Covered
Subdivision
Walter Houston Abs 719
Directions
GPS Friendly.
Standard status
Active
APN
06190421
Lot size
1.05 Acres
Taxes and HOA fees
Tax Description
HOUSTON, WALTER SURVEY ABSTRACT 719 TRACT 7B0
Tax Annual Amount
7515
Legal Description
HOUSTON, WALTER SURVEY ABSTRACT 719 TRACT 7B0
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Duncan Real Estate Co.
(214) 476-8157
Listed By:
Ty Duncan · License #0693646
(214) 476-8157
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 21329325
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.
Previously used as a fueling station and mini-mart, this 1.05+ acre commercial property offers 164' of frontage off I-30. The existing building provides drive-thru access and totals 2,587 sq ft, built with brick construction in 1988. The property is being offered as-is and will require extensive work.
The site includes parking with covered and open spaces, along with garage parking. Whether you’re looking to repurpose the existing structure or demo and build from the ground up, the drive-thru configuration and frontage can support a range of service-oriented or retail concepts.
Opportunities include redevelopment for uses such as restaurant, dealership, retail store, or other service-related businesses, subject to applicable approvals.
The site includes parking with covered and open spaces, along with garage parking. Whether you’re looking to repurpose the existing structure or demo and build from the ground up, the drive-thru configuration and frontage can support a range of service-oriented or retail concepts.
Opportunities include redevelopment for uses such as restaurant, dealership, retail store, or other service-related businesses, subject to applicable approvals.
Key Highlights
- 1.05+ acre commercial site with 164' of frontage
- Off I‑30 access for interstate traveler traffic
- Existing drive‑thru access with 2,587 sq ft building
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
$44,552
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
6.60%
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%
$891,040
$891.0K
Cap Rate 7%
$636,457
$636.5K
Cap Rate 9%
$495,022
$495.0K
Market Conditions
NOI Build-Up for 2,587 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
$62.4K $24.12/SF
− Vacancy
−$3.0K −$1.16/SF
EGI
$59.4K $22.96/SF
− OpEx
−$14.9K −$5.74/SF
NOI
$44.6K $17.22/SF
Area
Parker County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$891,040
Cap Rate 7%
$636,457
Cap Rate 9%
$495,022
Alternative Uses
Best Use
Industrial
$2.57M
$2.25M – $3.00M
NOI $179,942 @ 7.0% cap · market cap 26.66%
Second Best
Specialty Retail
$636.5K
$556.9K – $742.5K
NOI $44,552 @ 7.0% cap · market cap 6.60%
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
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 76008, TX
21,844
Population
8,127
Households
2.7
Avg Household Size
36
Median Age
59%
College-Educated
98%
High-School Grad
81.5 sq mi
ZIP Area
268
Density / Sq Mi
$160,778
Median Household Income
$72,401
Median Earnings
$2,577
Median Rent
$456,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Gas station property off I-30 with an existing drive-thru building that can be repurposed or rebuilt.
Where is this gas station located?
The property is located at 12235 Camp Bowie W Boulevard Aledo, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.05+ acre commercial site with 164' of frontage; Off I‑30 access for interstate traveler traffic; Existing drive‑thru access with 2,587 sq ft building
