Automotive Service and Office
For Sale
$2,700,000
1101 S Hwy 78, Wylie, TX 75098
Versatile property on State Highway 78 with office space, an automotive service facility, and expansive parking.
Property Size1,500 SF
Price / SF$1,800
Days on Market48
Property Features for 1101 S Hwy 78
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
Skyline Realty. Contact:
(214) 216-2161
Listed By:
Rafael Babadzhanov
Source:
Dallashomerealty
Added: Jul 7
Changed: Aug 15
Last Checked: Aug 22 at 7:33AM
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. Contact:
Investment Insights
Based on property information with market context.
This versatile commercial site includes multiple buildings comprising office space and a functional automotive service facility, currently configured for automotive-related operations. The property also offers expansive parking and vehicle display areas, supported by a layout designed to accommodate service activity and customer/vehicle parking needs. With approximately 2 acres of space, it provides room for on-site operations and day-to-day workflow.
1101 S Hwy 78 is located directly on a highly traveled State Highway 78 in Wylie, TX, with easy access and strong highway visibility. The remarks also cite proximity to major transportation corridors and surrounding residential growth, along with nearby national retailers, all contributing to convenient exposure for customers, employees, and vendors.
The combination of office space and an automotive service facility makes this property well-suited for an automotive operator or owner-user looking to run service-based activities on a highway-accessible site. It may also fit users seeking a flexible commercial footprint for other commercial, industrial, retail, or redevelopment uses, based on the property’s existing configuration and on-site parking and vehicle display areas.
1101 S Hwy 78 is located directly on a highly traveled State Highway 78 in Wylie, TX, with easy access and strong highway visibility. The remarks also cite proximity to major transportation corridors and surrounding residential growth, along with nearby national retailers, all contributing to convenient exposure for customers, employees, and vendors.
The combination of office space and an automotive service facility makes this property well-suited for an automotive operator or owner-user looking to run service-based activities on a highway-accessible site. It may also fit users seeking a flexible commercial footprint for other commercial, industrial, retail, or redevelopment uses, based on the property’s existing configuration and on-site parking and vehicle display areas.
Key Highlights
- Commercial property built in 1979 on State Highway 78 in Wylie
- Approximately 2‑acre site with multiple buildings including office space
- Functional automotive service facility with vehicle display and related configuration
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
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Versatile property on State Highway 78 with office space, an automotive service facility, and expansive parking.
Where is this auto shop located?
The property is located at 1101 S Hwy 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: Commercial property built in 1979 on State Highway 78 in Wylie; Approximately 2‑acre site with multiple buildings including office space; Functional automotive service facility with vehicle display and related configuration
