Auto Body Shop with Support
For Sale
$499,000
2102 S Fm 5, Aledo, TX 76008
CommercialSale, Aledo, TX
Property Size6,000 SF
Lot Size0.63 Acres
Price / SF$83.17
Days on Market21
Property Features for 2102 S Fm 5
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Wharehouse
Parking features
Carport, Off Street, Driveway
Subdivision
STEPHENSON BENJAMIN
Directions
From I-20, Exit the Mikus Road and go South. Continue on FM 5 until you see the property. Property will be on your right.
Standard status
Active
APN
R000059489
Lot size
0.63 Acres
Taxes and HOA fees
Tax Description
ACRES: 0.630 "JONES AUTOMOTIVE" PT IN AB 1219
Tax Annual Amount
6206
Legal Description
ACRES: 0.630 "JONES AUTOMOTIVE" PT IN AB 1219
Utilities
Water source
Well
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Flooring type
Combination
Building materials
Brick, MetalSiding
Roof type
Metal
Listing Agency:
BHHS Premier Properties
(817) 806-4100
Listed By:
Jennifer Franke · License #0620184
(817) 808-0179
Added: Aug 19
Changed: Sep 2
Last Checked: Sep 8 at 9:06AM
MLS# 21242153
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.
The property includes a 6,000 SF warehouse configured as an auto body shop, along with a separate 1,118 SF, two-bedroom, one-bath home. The improvements were built in 1998 and feature brick and metal siding, combination flooring, a metal roof, and well water. Parking includes a carport, driveway, and off-street areas.
Located at 2102 S FM 5 in Aledo, the property spans two contiguous parcels and carries warehouse zoning through Annetta South. The site includes yard area around the existing improvements, with the smaller building offering additional enclosed space separate from the primary shop.
Located at 2102 S FM 5 in Aledo, the property spans two contiguous parcels and carries warehouse zoning through Annetta South. The site includes yard area around the existing improvements, with the smaller building offering additional enclosed space separate from the primary shop.
Key Highlights
- 6,000 SF warehouse configured as an auto body shop
- Separate 1,118 SF, two‑bedroom, one‑bath home
- Two contiguous parcels with warehouse zoning through Annetta South
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
$41,723
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
8.36%
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%
$834,460
$834.5K
Cap Rate 7%
$596,043
$596.0K
Cap Rate 9%
$463,589
$463.6K
Market Conditions
NOI Build-Up for 6,000 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
$54.0K $9.00/SF
− Vacancy
−$4.9K −$0.82/SF
EGI
$49.1K $8.18/SF
− OpEx
−$7.4K −$1.23/SF
NOI
$41.7K $6.95/SF
Area
Parker County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$834,460
Cap Rate 7%
$596,043
Cap Rate 9%
$463,589
Alternative Uses
Best Use
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,338 @ 7.0% cap · market cap 83.63%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,543 @ 7.0% cap · market cap 19.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
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 Industrial 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 - Warehouse-zoned site combines an auto body facility with a separate residential-scale support building.
Where is this auto shop located?
The property is located at 2102 S Fm 5 Aledo, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 6,000 SF warehouse configured as an auto body shop; Separate 1,118 SF, two‑bedroom, one‑bath home; Two contiguous parcels with warehouse zoning through Annetta South
