Turnkey Automotive Repair
103 W Franklin Street Alvord, TX 76225
For Sale
$700,000
Established auto repair and retail shop in Alvord, Texas.
Property Size2,400 SF
Price / SF$291.67
Days on Market97
Property Features for 103 W Franklin Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Ebby Halliday, REALTORS
(972) 948-6562
Listed By:
Courtney Moeller · License #755436
(972) 948-6562
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:42AM
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 automotive repair and parts retail shop is located on Main Street in Alvord, Texas, near the post office, bank, EATS, and the fire department. The property has a strong reputation in the community and serves customers from Alvord and nearby Decatur. The business has received the CARFAX Top-Rated Service Center Award for three consecutive years (2023, 2024, and 2025) and the ProVantage Award. In addition to automotive repair, the property functions as a local auto parts retail hub. Recent improvements include two new 12ft x 12ft roll-up doors installed in 2024, electrical updated approximately 6.5 years ago, and a 5-ton HVAC system and furnace, both less than two years old. Exterior signage was installed within the past few years. The sale includes the real estate and operational equipment, offering a potential turnkey opportunity for a buyer looking to continue operations. The property is approximately 2400 square feet. The property is located in Wise County.
Key Highlights
- Turnkey automotive repair and parts retail business opportunity with real estate included.
- Prime Main Street location in Alvord, TX, with high visibility and accessibility.
- Limited competition within an 11‑mile radius.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $24.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $56.9k | $23.71 |
| − OpEx | −$17.1k | −$7.11 |
| NOI | $39.8k | $16.60 |
2,400 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$569.1K
$498.0K – $663.9K
NOI $39,836 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$182.3K
$159.6K – $212.7K
NOI $12,764 @ 7.0% cap · market cap 1.82%
Theoretical Best
Hotel Hospitality
$1.81M
$1.58M – $2.11M
NOI $126,540 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Rate Automotive
Auto Repair Shop
Similar Off Market Nearby
- Best Rate Automotive — 103 W Franklin St, Alvord, TX 76225
- Gardner's Mechanics & Welding — 645 E Franklin St #6305, Alvord, TX 76225
- GC RV Upgrades, LLC — 204 Lynch Dr, Alvord, TX 76225
FAQs
What type of property is this?
Auto shop - Established auto repair and retail shop in Alvord, Texas.
Where is this auto shop located?
The property is located at 103 W Franklin Street Alvord, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Turnkey automotive repair and parts retail business opportunity with real estate included.; Prime Main Street location in Alvord, TX, with high visibility and accessibility.; Limited competition within an 11‑mile radius.
