Fully Equipped Auto
1105 Henderson Ave, Palacios, TX
For Sale
$355,000
Turnkey auto shop in a metal building with three bays, office space, and a fenced back yard.
Property Size1,800 SF
Price / SF$197.22
Days on Market738
Property Features for 1105 Henderson Ave
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Business Included
Clear Height
Service Bays
Taxes and HOA fees
Annual Taxes
Building Details
Construction
Listing Agency:
Texas Coastal Properties
(361) 972-5900
Listed By:
Ron Laws · License TX #0301068
(979) 240-4413
Source:
Exprealty
Added: Nov 3, 2024
Changed: Oct 26
Last Checked: Nov 8 at 7:32AM
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 Texas Coastal Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully equipped, full-service auto shop is housed in a structurally sound metal building measuring 30' x 60' x 14'. The shop includes three bays, an office area, and a fenced back-yard area. The property comes with substantial equipment, including two Ammco 10K# two-post lifts, a tire changer, balancer, brake lathe, 80-gallon compressor, and a 300-gallon waste oil tank, among other items.
The property is located on State Highway 35 (Henderson) at 1105 Henderson Ave in Palacios, Texas, and includes an 8,000-square-foot concrete parking area.
For buyers looking for an automotive-ready operation with both shop and office space, this setup provides the core components for day-to-day service work, supported by on-site equipment and defined exterior storage space.
The property is located on State Highway 35 (Henderson) at 1105 Henderson Ave in Palacios, Texas, and includes an 8,000-square-foot concrete parking area.
For buyers looking for an automotive-ready operation with both shop and office space, this setup provides the core components for day-to-day service work, supported by on-site equipment and defined exterior storage space.
Key Highlights
- Fully equipped, full‑service auto shop in a 30' x 60' x 14' structurally sound metal building
- 3‑bay shop with office area plus a fenced‑in back yard on the property
- Includes 2 Ammco 10K# 2‑post lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,381
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,620
$487.6K
Cap Rate 7%
$348,300
$348.3K
Cap Rate 9%
$270,900
$270.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$36.9K $20.52/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$34.8K $19.35/SF
− OpEx
−$10.4K −$5.81/SF
NOI
$24.4K $13.55/SF
Area
Matagorda County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,620
Cap Rate 7%
$348,300
Cap Rate 9%
$270,900
Alternative Uses
Best Use
Retail
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$130.9K
$114.5K – $152.7K
NOI $9,162 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,027 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
3
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 40%
Home Improvements & Furnishings 13%
Dollar General
Shops & Services
5,211 visits/mo
0.4 miles
SONIC Drive In
Dining
5,140 visits/mo
0.4 miles
Porter's Ace Hardware
Home Improvements & Furnishings
2,337 visits/mo
0.5 miles
SUBWAY
Dining
1,858 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
1,654 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Palacios Auto & Towing — Palacios, TX 77465
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto shop in a metal building with three bays, office space, and a fenced back yard.
Where is this auto shop located?
The property is located at 1105 Henderson Ave Palacios, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Fully equipped, full‑service auto shop in a 30' x 60' x 14' structurally sound metal building; 3‑bay shop with office area plus a fenced‑in back yard on the property; Includes 2 Ammco 10K# 2‑post lifts
