Auto Repair Shop with Shop
For Sale
$539,000
1103 N Lacy Drive, Waco, TX 76705
For-sale automotive property includes a 2,260 sq-ft 2024 shop with two heavy-duty lifters and an on-site 3-bedroom home.
Property Size2,260 SF
Price / SF$238.50
Days on Market23
Property Features for 1103 N Lacy Drive
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Business
Additional Details
Business Included
Yes
Service Bays
2
Building Details
Year Built
1946
Year Renovated
2024
Listing Agency:
Dash Realty
Listed By:
Richard Zelaya
Source:
Whitelabelrealty
Added: Jul 13
Changed: Jul 14
Last Checked: Aug 3 at 11:17AM
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 Dash Realty
Investment Insights
Based on property information with market context.
This for-sale automotive property includes an established auto repair shop and a newer 2,260 sq-ft shop building built in 2024. The shop is equipped with two heavy-duty lifters that will convey with the sale, supporting a range of automotive service activity on site. In addition, the property includes a homeowner-occupied 3-bedroom, 1-bath home built in 1946.
The listing is presented as a business opportunity with room to expand automotive operations into areas such as auto bodywork, tire repair, towing service, and used car sales, based on the stated potential for additional business activities at the site.
Overall, the combination of an established repair operation, the 2024 service building with heavy-duty lifting capability, and the attached residential component offers a single-property setup designed for ongoing automotive use with an on-site residence.
The listing is presented as a business opportunity with room to expand automotive operations into areas such as auto bodywork, tire repair, towing service, and used car sales, based on the stated potential for additional business activities at the site.
Overall, the combination of an established repair operation, the 2024 service building with heavy-duty lifting capability, and the attached residential component offers a single-property setup designed for ongoing automotive use with an on-site residence.
Key Highlights
- Includes a 2,260 SF shop building built in 2024 with two heavy‑duty lifters that convey with the sale
- Established auto repair shop on‑site with additional business expansion options listed in the remarks
- On‑site homeowner‑occupied 3‑bedroom, 1‑bath home (home built in 1946)
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 | $42.0k | $18.60 |
| − Vacancy | −$4.4k | −$1.95 |
| EGI | $37.6k | $16.65 |
| − OpEx | −$11.3k | −$4.99 |
| NOI | $26.3k | $11.65 |
2,260 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$376.2K
$329.2K – $438.9K
NOI $26,336 @ 7.0% cap · market cap 4.89%
Second Best
Industrial
$285.4K
$249.7K – $332.9K
NOI $19,976 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$596.3K
$521.7K – $695.6K
NOI $41,738 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76705, TX
31,736
Population
12,107
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
118.6 sq mi
ZIP Area
268
Density / Sq Mi
$54,881
Median Household Income
$33,076
Median Earnings
$941
Median Rent
$167,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Chuck's Automotive Center — 1000 E Crest Dr, Waco, TX 76705
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- JJ Tires Shop — 110 E Crest Dr, Waco, TX 76705
- SunLightProWindowTint/JJTireShop — 110 E Crest Dr, Waco, TX 76705
- Elevate Automotive, LLC — 1001 E Crest Dr, Waco, TX 76705
Frequently Asked Questions
What type of property is this?
Auto shop - For-sale automotive property includes a 2,260 sq-ft 2024 shop with two heavy-duty lifters and an on-site 3-bedroom home.
Where is this auto shop located?
The property is located at 1103 N Lacy Drive Waco, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Includes a 2,260 SF shop building built in 2024 with two heavy‑duty lifters that convey with the sale; Established auto repair shop on‑site with additional business expansion options listed in the remarks; On‑site homeowner‑occupied 3‑bedroom, 1‑bath home (home built in 1946)
