Automotive Repair and Parts
For Sale
$600,000
103 Franklin Street, Alvord, TX 76225
Automotive repair and parts retail shop with recent exterior signage and two 12x12 roll-up doors installed in 2024.
Property Size2,148 SF
Price / SF$279.33
Days on Market170
Property Features for 103 Franklin Street
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,132
Amenities
3
Building Details
Year Built
1950
Listing Agency:
Ebby Halliday, REALTORS
(972) 539-3000
Listed By:
Courtney Moeller · License #755436
Source:
Xome
Added: Feb 25
Changed: Aug 12
Last Checked: Aug 14 at 4:52AM
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 Ebby Halliday, REALTORS
Investment Insights
Based on property information with market context.
This turnkey automotive repair and parts retail property includes the real estate and operational equipment for continued business operations. The building has seen recent improvements, including two new 12-ft x 12-ft roll-up doors installed in 2024. Electrical updates were completed approximately 6.5 years ago. A 5-ton HVAC system and furnace were installed less than two years ago, and exterior signage was installed within the past few years.
The property is located on Main Street in Alvord, Texas, positioned near local community destinations including the post office, bank, and the fire department. The address is 103 W Franklin Street, Alvord, TX 76225.
Retail inventory and personal hand tools/toolboxes are excluded from the sale but may be negotiated separately. Awards referenced in the remarks include CARFAX Top-Rated Service Center for three consecutive years (2023, 2024, and 2025) and a ProVantage Award for repair facilities committed to quality workmanship and customer satisfaction within a nationwide service network offering warranty coverage and roadside assistance.
The property is located on Main Street in Alvord, Texas, positioned near local community destinations including the post office, bank, and the fire department. The address is 103 W Franklin Street, Alvord, TX 76225.
Retail inventory and personal hand tools/toolboxes are excluded from the sale but may be negotiated separately. Awards referenced in the remarks include CARFAX Top-Rated Service Center for three consecutive years (2023, 2024, and 2025) and a ProVantage Award for repair facilities committed to quality workmanship and customer satisfaction within a nationwide service network offering warranty coverage and roadside assistance.
Key Highlights
- Automotive repair and parts retail shop with recent exterior signage and Main Street frontage in Alvord, TX
- Two new 12‑ft x 12‑ft roll‑up doors installed in 2024
- 5‑ton HVAC system and furnace both less than 2 years old
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
$35,653
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
5.94%
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%
$713,060
$713.1K
Cap Rate 7%
$509,329
$509.3K
Cap Rate 9%
$396,144
$396.1K
Market Conditions
NOI Build-Up for 2,148 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
$53.6K $24.96/SF
− Vacancy
−$2.7K −$1.25/SF
EGI
$50.9K $23.71/SF
− OpEx
−$15.3K −$7.11/SF
NOI
$35.7K $16.60/SF
Area
Wise 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%
$713,060
Cap Rate 7%
$509,329
Cap Rate 9%
$396,144
Alternative Uses
Best Use
Retail
$509.3K
$445.7K – $594.2K
NOI $35,653 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$163.2K
$142.8K – $190.4K
NOI $11,424 @ 7.0% cap · market cap 1.90%
Theoretical Best
Hotel Hospitality
$1.62M
$1.42M – $1.89M
NOI $113,253 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76225, TX
3,789
Population
1,460
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
105.4 sq mi
ZIP Area
36
Density / Sq Mi
$71,625
Median Household Income
$50,044
Median Earnings
$951
Median Rent
$281,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair and parts retail shop with recent exterior signage and two 12x12 roll-up doors installed in 2024.
Where is this auto shop located?
The property is located at 103 Franklin Street Alvord, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Automotive repair and parts retail shop with recent exterior signage and Main Street frontage in Alvord, TX; Two new 12‑ft x 12‑ft roll‑up doors installed in 2024; 5‑ton HVAC system and furnace both less than 2 years old
