Freestanding Auto Repair
For Sale
$450,000
11041 HWY 69 N, Tyler, TX 75706
COMMERCIAL - Tyler, TX
Property Size3,600 SF
Lot Size1.32 Acres
Price / SF$125
Days on Market324
Property Features for 11041 HWY 69 N
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Outside City Limits
Directions
Take Hwy 69N towards Lindale, business located on the west side of the HWY across from Peterbilt.
Standard status
Active
Size
3,600 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Description
ABST A0651 H MICKELBOROUGH; TRACT 33
Tax Annual Amount
1710
Legal Description
ABST A0651 H MICKELBOROUGH; TRACT 33
Building Details
Year built
1977
Building materials
Metal Siding
Listing Agency:
Keller Williams Realty-Tyler
(903) 534-6600
Listed By:
Jena Waldron · License #TX0710120
(903) 736-8311
Added: Sep 25, 2025
Changed: Aug 13
Last Checked: Aug 14 at 10:06AM
MLS# 25014319
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding auto shop occupies a 3,600-square-foot metal-sided building constructed in 1977. The property spans 1.322 acres and is described as an operating vehicle repair facility with more than 30 years of community service. Its commercial setting supports continued automotive use within an established corridor.
The site is positioned along Highway 69 N in Tyler, Texas, next to Camping World and Rush Truck Center. The property is approximately five minutes from the Interstate/Lindale exit and Interstate 20, with restaurants and shopping also identified nearby. The address is 11041 HWY 69 N, Tyler, TX 75706.
The site is positioned along Highway 69 N in Tyler, Texas, next to Camping World and Rush Truck Center. The property is approximately five minutes from the Interstate/Lindale exit and Interstate 20, with restaurants and shopping also identified nearby. The address is 11041 HWY 69 N, Tyler, TX 75706.
Key Highlights
- 1.322‑acre commercial property
- 3,600‑square‑foot auto shop
- Operating vehicle repair facility with more than 30 years of service
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
$15,401
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
3.42%
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%
$308,020
$308.0K
Cap Rate 7%
$220,014
$220.0K
Cap Rate 9%
$171,122
$171.1K
Market Conditions
NOI Build-Up for 3,600 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
$23.8K $6.60/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$22.0K $6.11/SF
− OpEx
−$6.6K −$1.83/SF
NOI
$15.4K $4.28/SF
Area
Tyler, TX
Vacancy
7.40%
Lease Rate
$6.60 /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%
$308,020
Cap Rate 7%
$220,014
Cap Rate 9%
$171,122
Alternative Uses
Best Use
Retail
$599.2K
$524.3K – $699.1K
NOI $41,943 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$220.0K
$192.5K – $256.7K
NOI $15,401 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$803.5K
$703.1K – $937.4K
NOI $56,245 @ 7.0% cap · market cap 12.50%
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
80
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75706, TX
10,313
Population
4,332
Households
2.4
Avg Household Size
34
Median Age
10%
College-Educated
81%
High-School Grad
75.6 sq mi
ZIP Area
136
Density / Sq Mi
$57,845
Median Household Income
$32,886
Median Earnings
$941
Median Rent
$125,400
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
- Rush Truck Leasing - Tyler — 10791 US Hwy 69 N, Tyler, TX 75706
- J&L Paint and Body, LLC — 10342 US Hwy 69 N, Tyler, TX 75706
- Shakedown Lexan & Fiberglass — 11010 Happy Acres, Tyler, TX 75706
- Shakedown Racing — 11010 Happy Acres, Tyler, TX 75706
- Langley's Tire — 10453 Mineola Hwy, Tyler, TX 75706
Frequently Asked Questions
What type of property is this?
Auto shop - Operating vehicle repair facility with Highway 69 N exposure and nearby commercial operators.
Where is this auto shop located?
The property is located at 11041 HWY 69 N Tyler, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1.322‑acre commercial property; 3,600‑square‑foot auto shop; Operating vehicle repair facility with more than 30 years of service
