Auto Shop Building with Eight
For Sale
$895,000
4690 E Fm 1187, Burleson, TX 76028
COMMERCIAL - Burleson, TX
Property Size4,160 SF
Lot Size1.08 Acres
Price / SF$215.14
Days on Market175
Property Features for 4690 E Fm 1187
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Unincorporated / No Zoning
Parking features
Parking Lot, Carport, Garage, Driveway
Security features
Security
Subdivision
Johnston Land 2
Lot features
Acreage, Interior Lot
Directions
From I35 head East on 1187 to property, and from Hwy 287 head West on 1187 to property. This is a working business so there is no sign on the property.
Standard status
Active
APN
41678060
Lot size
1.08 Acres
Taxes and HOA fees
Tax Description
RENDON, JOAQUIN SURVEY ABSTRACT 1263 TRACT 16
Tax Annual Amount
10221
Legal Description
RENDON, JOAQUIN SURVEY ABSTRACT 1263 TRACT 16
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Natural Gas
Cooling system
Wall Unit(s)
Amenities
office
bathroom
Building Details
Year built
2013
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Callaway Real Estate
(817) 915-3015
Listed By:
Kenedie Southard · License #0842834
(817) 453-3777
Added: Mar 11
Changed: Aug 4
Last Checked: Sep 1 at 10:06AM
MLS# 21204460
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 building on 1.08 acres built in 2013 with metal siding and a metal roof. The 4,160 SF building includes an office and bathroom, plus four working bays at the front and four working bays in the back. Flooring is concrete. Heating includes natural gas and electric heating, and cooling is provided by wall units.
The property offers spacious parking with driveway and parking lot access. The back half of the shop area is fenced with a gate that locks for security. Parking features include a garage and carport.
The seller is willing to sell separately the five lifts and air compressor. There is no sign on the property, and it is described as a working business.
The property offers spacious parking with driveway and parking lot access. The back half of the shop area is fenced with a gate that locks for security. Parking features include a garage and carport.
The seller is willing to sell separately the five lifts and air compressor. There is no sign on the property, and it is described as a working business.
Key Highlights
- 4,160 SF auto shop building built in 2013
- Eight working bays: four in front and four in back
- Office and bathroom in the 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
$69,049
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
7.71%
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%
$1,380,980
$1.4M
Cap Rate 7%
$986,414
$986.4K
Cap Rate 9%
$767,211
$767.2K
Market Conditions
NOI Build-Up for 4,160 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
$103.8K $24.96/SF
− Vacancy
−$5.2K −$1.25/SF
EGI
$98.6K $23.71/SF
− OpEx
−$29.6K −$7.11/SF
NOI
$69.0K $16.60/SF
Area
Johnson 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%
$1,380,980
Cap Rate 7%
$986,414
Cap Rate 9%
$767,211
Alternative Uses
Best Use
Retail
$986.4K
$863.1K – $1.15M
NOI $69,049 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$307.1K
$268.7K – $358.2K
NOI $21,494 @ 7.0% cap · market cap 2.40%
Theoretical Best
Multifamily LT 5
$49.86M
$43.63M – $58.18M
NOI $3,490,512 @ 7.0% cap · market cap 390.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
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.
Similar Off Market Nearby
- Llumar Window Tinting — rendon, tx 76028
- Llumac Window Tinting — 4568 FM1187 Building C, Burleson, TX 76028
- Baldwin Automotive — 4690 FM1187, Burleson, TX 76028
- Texas Finest Auto Body & Paint LLC — 6621 Storm Cat Ln Suite 310, Burleson, TX 76028
- discount automotive — 4281 FM1187 #620, Burleson, TX 76028
Frequently Asked Questions
What type of property is this?
Auto shop - Metal-siding auto shop on 1.08 acres with an office, bathroom, and eight working bays plus fenced, gated back area.
Where is this auto shop located?
The property is located at 4690 E Fm 1187 Burleson, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4,160 SF auto shop building built in 2013; Eight working bays: four in front and four in back; Office and bathroom in the building
