Three-Bay Auto Repair
1105 Henderson, Palacios, TX 77465
For Sale
Contact for pricing
Service equipment, office space, and a fenced rear yard support automotive operations at this highway-fronting property.
Property Size1,800 SF
Price / SF$197.22
Days on Market732
Property Features for 1105 Henderson
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Fenced Yard
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Amenities
office area
concrete parking area
Building Details
Buildings
Construction
Listing Agency:
Texas Coastal Properties
Listed By:
Ron Laws · License TX #0301068
(979) 240-4413
Source:
Crexi
Added: Nov 9, 2024
Changed: Nov 8
Last Checked: Nov 8 at 4:53PM
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.
Configured for automotive service, the property has a 30' × 60' metal building with 14-foot height, three service bays, and an office. Equipment includes two Ammco 10K# two-post lifts, a Coats RC55 rim-clamp tire changer, a Coats 1250 balancer, an Ammco 6950 brake lathe, an 80-gallon compressor, and a 300-gallon waste oil tank. The parcel also includes a fenced rear yard and 8,000 square feet of concrete parking area.
The property is on State Highway 35 in Palacios, Texas.
The property is on State Highway 35 in Palacios, Texas.
Key Highlights
- Three service bays in a 30' × 60' × 14' metal building
- Two Ammco 10K# two‑post lifts
- Coats RC55 tire changer, Coats 1250 balancer, and Ammco 6950 brake lathe
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
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 35%
Home Improvements & Furnishings 18%
Lowe's Market
Groceries
7,501 visits/mo
0.4 miles
Citgo
Shops & Services
4,140 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
3,933 visits/mo
0.3 miles
Exxon
Shops & Services
2,874 visits/mo
0.1 miles
Phillips 66
Shops & Services
2,508 visits/mo
0.4 miles
Demographics for 77465, TX
7,137
Population
3,793
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
76%
High-School Grad
232.4 sq mi
ZIP Area
31
Density / Sq Mi
$69,500
Median Household Income
$41,914
Median Earnings
$748
Median Rent
$170,600
Median Home Value
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 - Service equipment, office space, and a fenced rear yard support automotive operations at this highway-fronting property.
Where is this auto shop located?
The property is located at 1105 Henderson 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: Three service bays in a 30' × 60' × 14' metal building; Two Ammco 10K# two‑post lifts; Coats RC55 tire changer, Coats 1250 balancer, and Ammco 6950 brake lathe
