Auto Shop with Collision Workflow
For Sale
$2,500,000
11239 Veterans Memorial Drive, Houston, TX 77067
Auto shop offers 9,400 SF of operating space designed to separate diagnostic/repair from heavy collision work.
Property Size9,400 SF
Price / SF$265.96
Days on Market52
Property Features for 11239 Veterans Memorial Drive
General Information
Standard status
Active
Size
9,400 SF
Property subtype
Shopping Center / Retail
Additional Details
Business Included
Yes
Amenities
11239 Veterans Memorial Drive is a turnkey dual-building automotive service and collision compound designed for efficient, high-volume operations.
Premium Veterans Memorial Drive frontage visible to 32K+ VPD, situated inside FEMA Zone X, and quick access to Beltway 8, SH 249, I-45, and FM 1960.
3-Phase 240V power, 18-foot clear height, and 9 rolling steel doors to easily accommodate commercial fleet accounts and heavy medium-duty lifts.
Dedicated paint building with a grandfathered TCEQ-compliant spray booth supports collision users while reducing permitting and setup delays.
Fully fenced 1-acre compound featuring 26,800 SF of heavy concrete paving designed to support heavy wrecker traffic and secure vehicle storage.
Within 5 miles, there is an active consumer pool of over 336,000 residents and a vehicle density exceeding 96,000 owner-occupied or leased vehicles.
Building Details
Building Size
9,400 SF
Year Built
2006
Listing Agency:
RE/MAX Commercial Advisors Group
(281) 686-9445
Listed By:
Patrick Buckhoff · License #9005284
(281) 686-9445
Source:
Remaxcommercial
Added: Jul 10
Changed: Aug 12
Last Checked: Aug 30 at 12:53PM
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 RE/MAX Commercial Advisors Group
Investment Insights
Based on property information with market context.
For sale: an auto shop built to support distinct parts of the repair process. The site offers 9,400 SF of total operating space and is described as engineered to separate diagnostic/repair workflows from heavy collision work to help reduce operational bottlenecks. Existing equipment is available for purchase, which may support a seamless transition for an incoming operator.
The property is located at 11239 Veterans Memorial Drive in Houston, TX 77067.
This is a straightforward ownership opportunity for an automotive operator seeking a dedicated facility with room for separate workflow areas, rather than adapting day-to-day operations around a landlord’s constraints.
The property is located at 11239 Veterans Memorial Drive in Houston, TX 77067.
This is a straightforward ownership opportunity for an automotive operator seeking a dedicated facility with room for separate workflow areas, rather than adapting day-to-day operations around a landlord’s constraints.
Key Highlights
- Auto shop with 9,400 SF of total operating space.
- Designed to separate diagnostic/repair workflows from heavy collision work to reduce bottlenecks.
- Existing equipment is available for purchase to support a transition into the space.
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
$127,460
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
5.10%
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%
$2,549,200
$2.5M
Cap Rate 7%
$1,820,857
$1.8M
Cap Rate 9%
$1,416,222
$1.4M
Market Conditions
NOI Build-Up for 9,400 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
$192.9K $20.52/SF
− Vacancy
−$10.8K −$1.15/SF
EGI
$182.1K $19.37/SF
− OpEx
−$54.6K −$5.81/SF
NOI
$127.5K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /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%
$2,549,200
Cap Rate 7%
$1,820,857
Cap Rate 9%
$1,416,222
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,460 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$757.2K
$662.5K – $883.4K
NOI $53,002 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,200 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77067, TX
31,729
Population
11,072
Households
2.9
Avg Household Size
31
Median Age
12%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
5,566
Density / Sq Mi
$51,278
Median Household Income
$33,287
Median Earnings
$1,138
Median Rent
$174,600
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop offers 9,400 SF of operating space designed to separate diagnostic/repair from heavy collision work.
Where is this auto shop located?
The property is located at 11239 Veterans Memorial Drive Houston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Auto shop with 9,400 SF of total operating space.; Designed to separate diagnostic/repair workflows from heavy collision work to reduce bottlenecks.; Existing equipment is available for purchase to support a transition into the space.
