Corner Retail Building for
For Sale
$875,000
101 E Main St, Richardson, TX 75081
Retail building with tenant-occupied automotive collision repair use and corner frontage for visibility and convenient access.
Property Size4,232 SF
Price / SF$206.76
Days on Market59
Property Features for 101 E Main St
General Information
Standard status
Active
Size
4,232 SF
Property subtype
Other
Building Details
Building Size
4,232 SF
Year Built
1927
Listing Agency:
Republic Realty Advisors
Listed By:
William L. Bell
Source:
Commercialcafe
Added: Jul 8
Changed: Sep 3
Last Checked: Aug 5 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Republic Realty Advisors
Investment Insights
Based on property information with market context.
This 4,232-square-foot retail building is configured for tenant-occupied automotive collision repair. The property is presented as a highly visible, easy-access corner site designed to support an automotive service use.
The building is located at the corner of East Main Street and South Texas Street in Downtown Richardson, Texas, with exposure to surrounding traffic based on the site’s stated traffic counts.
As a for-sale offering, the property is currently operating under the automotive collision repair use described in the remarks.
The building is located at the corner of East Main Street and South Texas Street in Downtown Richardson, Texas, with exposure to surrounding traffic based on the site’s stated traffic counts.
As a for-sale offering, the property is currently operating under the automotive collision repair use described in the remarks.
Key Highlights
- 4,232 SF retail building in Downtown Richardson, TX
- Corner location on East Main Street and South Texas Street for prominent frontage
- Tenant‑occupied automotive collision repair use
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
$50,657
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
5.79%
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%
$1,013,140
$1.0M
Cap Rate 7%
$723,671
$723.7K
Cap Rate 9%
$562,856
$562.9K
Market Conditions
NOI Build-Up for 4,232 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
$76.2K $18.00/SF
− Vacancy
−$3.8K −$0.90/SF
EGI
$72.4K $17.10/SF
− OpEx
−$21.7K −$5.13/SF
NOI
$50.7K $11.97/SF
Area
Richardson, TX
Vacancy
5.00%
Lease Rate
$18.00 /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%
$1,013,140
Cap Rate 7%
$723,671
Cap Rate 9%
$562,856
Alternative Uses
Best Use
Retail
$723.7K
$633.2K – $844.3K
NOI $50,657 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$367.7K
$321.7K – $429.0K
NOI $25,737 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,949 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
223k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 25%
Groceries 8%
Leisure 7%
QuikTrip
Shops & Services
68,541 visits/mo
0.4 miles
McDonald's
Dining
24,090 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,363 visits/mo
0.5 miles
Good Fortune Supermarket
Groceries
18,067 visits/mo
0.3 miles
Alamo Drafthouse Cinema Richardson
Leisure
15,724 visits/mo
0.5 miles
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
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
- Central Collision Repair — Richardson, TX 75081
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- DA Cheap Towing Company — Dr #1213, 743 Brick Row, Richardson, TX 75081
- GlassCracks Windshield Repair — 744 Brick Row Apt 2406, Richardson, TX 75081
- Lance Quillin Window Tinting — 777 s central expy, richardson, tx 75080
Frequently Asked Questions
What type of property is this?
Auto shop - Retail building with tenant-occupied automotive collision repair use and corner frontage for visibility and convenient access.
Where is this auto shop located?
The property is located at 101 E Main St Richardson, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,232 SF retail building in Downtown Richardson, TX; Corner location on East Main Street and South Texas Street for prominent frontage; Tenant‑occupied automotive collision repair use
