Automotive Property With Multifamily
For Sale
$379,000
11103 Fm 751, Quinlan, TX 75474
The site includes vehicle lifts, storage units, rental residences, and substantial on-site parking.
Property Size3,466 SF
Price / SF$109.35
Days on Market23
Property Features for 11103 Fm 751
General Information
Standard status
Active
Size
3,466 SF
Additional Details
Road Access
Yes
Amenities
multi-family units
storage units
shops
vehicle lifts
Building Details
Year Built
1989
Year Renovated
2014
Tenancy
Multi
Listing Agency:
BHHS Premier Properties
(817) 806-4100
Listed By:
Sam Reid · License #0730482
Source:
Yourdavisteam
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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 BHHS Premier Properties
Investment Insights
Based on property information with market context.
This automotive-oriented commercial property includes shop buildings, storage units, and multifamily residences. The shops contain vehicle lifts and are currently unused, while the residential units are occupied under month-to-month arrangements. The buildings date to 1989, with portions renovated or expanded in 2014.
Located at 11103 FM 751 in Quinlan, the property sits across from Family Dollar along a heavily traveled roadway. Parking is distributed throughout the site, supporting the existing improvements and a range of automotive, storage, and residential functions. The layout also includes level acreage and multiple building components that can be operated together or evaluated individually.
Located at 11103 FM 751 in Quinlan, the property sits across from Family Dollar along a heavily traveled roadway. Parking is distributed throughout the site, supporting the existing improvements and a range of automotive, storage, and residential functions. The layout also includes level acreage and multiple building components that can be operated together or evaluated individually.
Key Highlights
- Automotive shop buildings with vehicle lifts already in place
- Multifamily residences are currently rented on month‑to‑month terms
- Storage units included within the property improvements
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
$28,928
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
7.63%
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%
$578,560
$578.6K
Cap Rate 7%
$413,257
$413.3K
Cap Rate 9%
$321,422
$321.4K
Market Conditions
NOI Build-Up for 3,466 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
$44.9K $12.96/SF
− Vacancy
−$3.6K −$1.04/SF
EGI
$41.3K $11.92/SF
− OpEx
−$12.4K −$3.58/SF
NOI
$28.9K $8.35/SF
Area
Hunt County, TX
Vacancy
8.00%
Lease Rate
$12.96 /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%
$578,560
Cap Rate 7%
$413,257
Cap Rate 9%
$321,422
Alternative Uses
Best Use
Industrial
$3.44M
$3.01M – $4.02M
NOI $241,082 @ 7.0% cap · market cap 63.61%
Second Best
Retail
$796.7K
$697.1K – $929.5K
NOI $55,770 @ 7.0% cap · market cap 14.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Jones Autosports Mobile Mechanic — 11530 FM 751, Wills Point, TX 75169
Frequently Asked Questions
What type of property is this?
Auto shop - The site includes vehicle lifts, storage units, rental residences, and substantial on-site parking.
Where is this auto shop located?
The property is located at 11103 Fm 751 Quinlan, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Automotive shop buildings with vehicle lifts already in place; Multifamily residences are currently rented on month‑to‑month terms; Storage units included within the property improvements
