Highway 69 Commercial
For Sale
$450,000
11041 US Highway 69, Tyler, TX 75706
1.2-acre commercial property with vehicle repair shop on Highway 69.
Property Size3,600 SF
Lot Size1.20 Acres
Price / SF$125
Days on Market348
Property Features for 11041 US Highway 69
General Information
Standard status
Active
Size
3,600 SF
Lot size
1.20 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$1,425
Amenities
A/C - Other
3
US Highway, Acreage.
Building Details
Year Built
1977
Listing Agency:
Keller Williams Realty-Tyler
(903) 534-6600
Listed By:
Jena Waldron · License #0710120
(972) 874-1905
Source:
Xome
Added: Sep 22, 2025
Changed: Sep 3
Last Checked: Aug 29 at 1:13AM
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 Keller Williams Realty-Tyler
Investment Insights
Based on property information with market context.
This 1.2-acre commercial property features a fully operational vehicle repair shop, a community staple for over 30 years. Located on Highway 69 N, the site is five minutes from the Interstate/Lindale exit. The location provides visibility and accessibility, situated next to Camping World and Rush Truck Center, and near Interstate 20, major restaurants and shopping. The property offers high traffic exposure in a thriving area. This property presents an opportunity for buyers looking to expand their commercial portfolio in a high-demand market.
Key Highlights
- Prime location on Highway 69 N, next to Camping World and Rush Truck Center.
- High traffic exposure ideal for attracting customers and investors.
- Fully operational vehicle repair shop with a 30+ year history.
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
Location Intelligence
Trade Area within ½ mile
76
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
- Langley's Tire — 10453 Mineola Hwy, Tyler, TX 75706
- J&L Paint and Body, LLC — 10342 US Hwy 69 N, Tyler, TX 75706
- Rush Truck Leasing - Tyler — 10791 US Hwy 69 N, Tyler, TX 75706
- Shakedown Lexan & Fiberglass — 11010 Happy Acres, Tyler, TX 75706
- Shakedown Racing — 11010 Happy Acres, Tyler, TX 75706
Frequently Asked Questions
What type of property is this?
Auto shop - 1.2-acre commercial property with vehicle repair shop on Highway 69.
Where is this auto shop located?
The property is located at 11041 US Highway 69 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: Prime location on Highway 69 N, next to Camping World and Rush Truck Center.; High traffic exposure ideal for attracting customers and investors.; Fully operational vehicle repair shop with a 30+ year history.
