Automotive Service
For Sale
$2,700,000
1101 S Highway 78, Wylie, TX 75098
Two-acre commercial site with office space, service facilities, parking, and vehicle display areas along State Highway 78.
Property Size1,500 SF
Lot Size2.00 Acres
Price / SF$1,800
Days on Market13
Property Features for 1101 S Highway 78
General Information
Standard status
Active
Size
1,500 SF
Lot size
2.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1979
Listing Agency:
Skyline Realty
(469) 250-1999
Listed By:
Rafael Babadzhanov
Source:
Heritance
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 29 at 11:46AM
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 Skyline Realty
Investment Insights
Based on property information with market context.
Built in 1979, this automotive-oriented commercial property occupies approximately 2 acres and includes multiple buildings with office space and an automotive service facility. The site also provides expansive parking and areas for displaying vehicles, supporting its current service and sales-related configuration.
Located at 1101 S Highway 78 in Wylie, the property benefits from direct frontage on State Highway 78, straightforward site access, and prominent exposure to passing traffic. Its existing improvements and broad site area provide a functional setting for automotive operations, with flexibility for other commercial applications or future redevelopment subject to applicable approvals.
Located at 1101 S Highway 78 in Wylie, the property benefits from direct frontage on State Highway 78, straightforward site access, and prominent exposure to passing traffic. Its existing improvements and broad site area provide a functional setting for automotive operations, with flexibility for other commercial applications or future redevelopment subject to applicable approvals.
Key Highlights
- Approximately 2‑acre commercial site
- Multiple buildings with office and automotive service space
- Expansive parking and vehicle display areas
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
$104,334
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
3.86%
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%
$2,086,680
$2.1M
Cap Rate 7%
$1,490,486
$1.5M
Cap Rate 9%
$1,159,267
$1.2M
Market Conditions
NOI Build-Up for 1,500 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
$165.1K $110.04/SF
− Vacancy
−$16.0K −$10.67/SF
EGI
$149.0K $99.37/SF
− OpEx
−$44.7K −$29.81/SF
NOI
$104.3K $69.56/SF
Area
Collin County, TX
Vacancy
9.70%
Lease Rate
$110.04 /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%
$2,086,680
Cap Rate 7%
$1,490,486
Cap Rate 9%
$1,159,267
Alternative Uses
Best Use
Industrial
$1.49M
$1.30M – $1.74M
NOI $104,334 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$344.8K
$301.7K – $402.3K
NOI $24,136 @ 7.0% cap · market cap 0.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
173k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 5%
Electronics 2%
Beauty & Spa 2%
Chick-fil-A
Dining
36,503 visits/mo
0.4 miles
McDonald's
Dining
33,278 visits/mo
0.5 miles
Whataburger
Dining
26,709 visits/mo
0.3 miles
Jack in the Box
Dining
12,625 visits/mo
0.3 miles
SONIC Drive In
Dining
12,106 visits/mo
0.4 miles
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
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
- Miracle Auto Body Work *Mobile — 206 Duncan Way, Wylie, TX 75098
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- Rpm Auto Service — 900 W Kirby St, Wylie, TX 75098
- Jiffy Lube — 911 E Farm To Market 544, Wylie, TX 75098
- wylie towing — 940 E Farm to Market Rd 544, Wylie, TX 75098
Frequently Asked Questions
What type of property is this?
Auto shop - Two-acre commercial site with office space, service facilities, parking, and vehicle display areas along State Highway 78.
Where is this auto shop located?
The property is located at 1101 S Highway 78 Wylie, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 2‑acre commercial site; Multiple buildings with office and automotive service space; Expansive parking and vehicle display areas
