Auto Shop with Two Roll-Up
For Sale
$120,000
Pending
141 Cimmarron Trail, Runaway Bay, TX 76426
LAND - Runaway Bay, TX
Property Size1,200 SF
Lot Size0.25 Acres
Days on Market94
Property Features for 141 Cimmarron Trail
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential
Subdivision
Runaway Bay
Lot features
Interior Lot
Elementary school
Bridgeport
Middle school
Bridgeport
High school
Bridgeport
Elementary school district
Bridgeport ISD
Middle school district
Bridgeport ISD
High school district
Bridgeport ISD
Directions
From 287 use the right lane to take the ramp to Bridgeport, follow signs for Bridgeport & Civic Ctr, turn left onto Bluebird Ln, at traffic circle take 2nd exit and stay on Bluebird Ln. after 0.1 miles you will reach the property
Standard status
Pending
APN
764916
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LOT 17 BLK 10 RUNAWAY BAY UNIT 5
Tax Annual Amount
1078
Legal Description
LOT 17 BLK 10 RUNAWAY BAY UNIT 5
Building Details
Year built
2000
Listing Agency:
AmbitionX Real Estate
(817) 601-1630
Listed By:
Nathan Bowers · License #0671644
(866) 277-6005
Added: Jun 3
Changed: Aug 3
Last Checked: Sep 4 at 12:06AM
MLS# 21206362
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 shop-style commercial unit with approximately 1,200 SF, built in 2000, featuring two bays with roll-up doors and an existing electric meter already in place. The configuration supports a range of business-oriented uses such as a mechanic shop or workshop, while also offering the potential for alternative residential-style conversion scenarios.
The property is located at 141 Cimmarron Trail in Runaway Bay, Wise County, Texas, outside city limits. Buyers benefit from quick access to major highways for an easy commute.
The site sits on approximately 0.248 acres and is presented as a versatile, flexible-use property for an owner-operator or investor seeking a single, adaptable facility.
The property is located at 141 Cimmarron Trail in Runaway Bay, Wise County, Texas, outside city limits. Buyers benefit from quick access to major highways for an easy commute.
The site sits on approximately 0.248 acres and is presented as a versatile, flexible-use property for an owner-operator or investor seeking a single, adaptable facility.
Key Highlights
- Approximately 1,200 SF auto shop‑style unit
- Two bays with roll‑up doors
- Existing electric meter already in place
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
$6,382
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
5.32%
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%
$127,640
$127.6K
Cap Rate 7%
$91,171
$91.2K
Cap Rate 9%
$70,911
$70.9K
Market Conditions
NOI Build-Up for 1,200 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
$9.6K $8.04/SF
− Vacancy
−$531 −$0.44/SF
EGI
$9.1K $7.60/SF
− OpEx
−$2.7K −$2.28/SF
NOI
$6.4K $5.32/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /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%
$127,640
Cap Rate 7%
$91,171
Cap Rate 9%
$70,911
Alternative Uses
Best Use
Retail
$284.5K
$249.0K – $332.0K
NOI $19,918 @ 7.0% cap · market cap 16.60%
Second Best
Industrial
$91.2K
$79.8K – $106.4K
NOI $6,382 @ 7.0% cap · market cap 5.32%
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 52.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
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?
Auto shop - Auto shop-style space with two roll-up bays and an existing electric meter, outside city limits for flexible use.
Where is this auto shop located?
The property is located at 141 Cimmarron Trail Runaway Bay, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Approximately 1,200 SF auto shop‑style unit; Two bays with roll‑up doors; Existing electric meter already in place
