Automotive Shop with Alignment
For Sale
$550,000
123 N 7th Street, Corsicana, TX 75110
CommercialSale, Corsicana, TX
Property Size3,312 SF
Price / SF$166.06
Days on Market208
Property Features for 123 N 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
BUSINESS
Security features
Security
Subdivision
CORSICANA OT
Lot features
Corner Lot
Directions
FROM I 45 SOUTH EXIT BUSINESS 45 TOWARDS CORSICANA PROPERTY ON LEFT 2 MILES NO SIGN ON PROPERTY
Standard status
Active
APN
C00000000600008000
Size
3,312 SF
Taxes and HOA fees
Tax Description
ACRES .660 LOT 8-12;13-17
Legal Description
ACRES .660 LOT 8-12;13-17
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
customer area
kitchen
Building Details
Year built
1995
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Ultima Real Estate
(972) 980-9393
Listed By:
Frank Ramirez · License #0581187
(972) 675-2763
Added: Mar 10
Changed: Sep 12
Last Checked: Oct 3 at 7:06AM
MLS# 20878961
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.
This 3,312-square-foot automotive shop in Corsicana was built in 1995 and features four service lifts plus a wheel alignment bay. The alignment equipment conveys with the property. A large customer area and small kitchen complement the service layout, while concrete flooring and aluminum siding provide durable commercial finishes.
The property occupies a corner lot at 123 N 7th Street, with access to public water and public sewer. Central air conditioning and central electric heating serve the building, and the roof is metal.
The property occupies a corner lot at 123 N 7th Street, with access to public water and public sewer. Central air conditioning and central electric heating serve the building, and the roof is metal.
Key Highlights
- 3,312‑square‑foot automotive shop built in 1995
- Four service lifts included
- Wheel alignment bay with equipment conveying
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
$21,243
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%
$424,860
$424.9K
Cap Rate 7%
$303,471
$303.5K
Cap Rate 9%
$236,033
$236.0K
Market Conditions
NOI Build-Up for 3,312 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
$33.4K $10.08/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$30.3K $9.16/SF
− OpEx
−$9.1K −$2.75/SF
NOI
$21.2K $6.41/SF
Area
Navarro County, TX
Vacancy
9.10%
Lease Rate
$10.08 /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%
$424,860
Cap Rate 7%
$303,471
Cap Rate 9%
$236,033
Alternative Uses
Best Use
Retail
$785.3K
$687.2K – $916.2K
NOI $54,974 @ 7.0% cap · market cap 10.00%
Second Best
Industrial
$303.5K
$265.5K – $354.1K
NOI $21,243 @ 7.0% cap · market cap 3.86%
Theoretical Best
Multifamily LT 5
$36.39M
$31.84M – $42.45M
NOI $2,547,005 @ 7.0% cap · market cap 463.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
- Brutons Sardis Tire — 1219 S 7th St, Corsicana, TX 75110
- R.B. Tire Company — 1201 S 7th St, Corsicana, TX 75110
- C & L Garage — 101 S 20th St, Corsicana, TX 75110
- Speight Auto Glass — 610 W 7th Ave, Corsicana, TX 75110
Frequently Asked Questions
What type of property is this?
Auto shop - Service equipment, customer space, and a small kitchen support automotive operations.
Where is this auto shop located?
The property is located at 123 N 7th Street Corsicana, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,312‑square‑foot automotive shop built in 1995; Four service lifts included; Wheel alignment bay with equipment conveying
