Automotive Repair and Parts
103 W Franklin Street Alvord, TX 76225
For Sale
$600,000
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 Market146
Property Features for 103 W Franklin Street
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing Agency:
Ebby Halliday, REALTORS
(972) 539-3000
Listed By:
Courtney Moeller · License #755436
Source:
Xome
Added: Feb 28
Changed: Jul 24
Last Checked: Jul 24 at 5:15AM
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 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 | $53.6k | $24.96 |
| − Vacancy | −$2.7k | −$1.25 |
| EGI | $50.9k | $23.71 |
| − OpEx | −$15.3k | −$7.11 |
| NOI | $35.7k | $16.60 |
2,148 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
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 - 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 W 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
