Seven-Bay Auto
For Sale
$1,050,000
416 E Kennedale Parkway, Kennedale, TX 76060
COMMERCIAL - Kennedale, TX
Property Size3,612 SF
Lot Size0.45 Acres
Price / SF$290.70
Days on Market83
Property Features for 416 E Kennedale Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Auto Care-Repair Garage Zoned OT-4 (Old Town 4) Old Town Mixed Use District Grandfathered Body Shop Future Zoning includes: Retail, Restaurants, Service, Offices
Parking features
Open, Parking Lot
Subdivision
Boaz Ca Sub Of J B Renfro
Directions
From 820 South to Abilene, Take the Kennedale and Mansfield Highway exit, Turn Left onto Mansfield Highway, Drive for 2.1 miles and the destination will be on your right side. GPS works.
Standard status
Active
APN
04984293
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
BOAZ, CA SUBD OF J B RENFRO LOT 32R
Tax Annual Amount
8470
Legal Description
BOAZ, CA SUBD OF J B RENFRO LOT 32R
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
FiberglassSiding, MetalSiding
Roof type
Metal
Listing Agency:
OnDemand Realty
(214) 766-5833
Listed By:
Starria McLaughlin · License #0685236
(214) 766-5833
Added: Jun 4
Changed: Aug 19
Last Checked: Aug 25 at 12:06AM
MLS# 21290264
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 auto shop property includes seven bays and a concrete-floored building on a 0.445-acre lot. Electrical service, bathrooms, and office areas were renovated in 2016, while fiberglass and metal siding, a metal roof, public water, and public sewer provide the underlying facility components. Open-lot parking is also included.
The property is located at 416 E. Kennedale Parkway in Kennedale, Texas, approximately 0.5 miles from Kennedale Town Center and near I-20 and I-820. The site records a daily traffic count of over 10,000 vehicles. Established nearby businesses include Advance Auto Parts and Texaco. Auto body use is grandfathered, and lease agreements extend until mid-2026.
The property is located at 416 E. Kennedale Parkway in Kennedale, Texas, approximately 0.5 miles from Kennedale Town Center and near I-20 and I-820. The site records a daily traffic count of over 10,000 vehicles. Established nearby businesses include Advance Auto Parts and Texaco. Auto body use is grandfathered, and lease agreements extend until mid-2026.
Key Highlights
- Seven bays for automotive service operations
- Grandfathered auto body use
- 0.445‑acre lot at 416 E. Kennedale Parkway
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
$59,953
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
5.71%
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%
$1,199,060
$1.2M
Cap Rate 7%
$856,471
$856.5K
Cap Rate 9%
$666,144
$666.1K
Market Conditions
NOI Build-Up for 3,612 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
$90.2K $24.96/SF
− Vacancy
−$4.5K −$1.25/SF
EGI
$85.6K $23.71/SF
− OpEx
−$25.7K −$7.11/SF
NOI
$60.0K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$1,199,060
Cap Rate 7%
$856,471
Cap Rate 9%
$666,144
Alternative Uses
Best Use
Retail
$856.5K
$749.4K – $999.2K
NOI $59,953 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$290.9K
$254.6K – $339.4K
NOI $20,366 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,942 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
523
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CubeSmart Self Storage
Shops & Services
523 visits/mo
0.5 miles
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
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.
Similar Off Market Nearby
- Big Red Automotive — 1117 Kennedale Pkwy Bldg A, Kennedale, TX 76060
- Jazz Automotive Inc. — 1111 Kennedale Pkwy, Kennedale, TX 76060
- Performance Transmissions — 917 Kennedale Pkwy, Kennedale, TX 76060
- Oliver's Auto Clinic — 1117 Kennedale Pkwy Ste B, Kennedale, TX 76060
- Moniz Enterprises Inc — 1113 Kennedale Pkwy, Kennedale, TX 76060
Frequently Asked Questions
What type of property is this?
Auto shop - Grandfathered auto body use, updated office and bathroom areas, and open-lot parking support ongoing commercial operations.
Where is this auto shop located?
The property is located at 416 E Kennedale Parkway Kennedale, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Seven bays for automotive service operations; Grandfathered auto body use; 0.445‑acre lot at 416 E. Kennedale Parkway
