Highway Frontage Shop and
For Sale
$1,350,000
15550 160 Highway, Blue Ridge, TX 75424
1.43 acre lot with 3800 SF shop and office.
Property Size3,800 SF
Lot Size1.43 Acres
Price / SF$355.26
Days on Market554
Property Features for 15550 160 Highway
General Information
Standard status
Active
Size
3,800 SF
Lot size
1.43 Acres
Listing Agency:
Texas Premier Realty
(800) 544-9885
Listed By:
Mike Mahoney
(800) 544-9885
Source:
Exprealty
Added: Feb 13, 2025
Changed: Aug 20
Last Checked: Aug 21 at 11:15AM
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 Premier Realty
Investment Insights
Based on property information with market context.
This property features a 3800 square foot shop and office situated on a 1.43 acre lot. The property is located at the intersection of Highway 121 and State Highway 160. The property is currently under lease through the remainder of 2025.
Key Highlights
- 1.43 acre lot at the intersection of Highway 121 and State Highway 160
- 3800 square foot Shop and Office
- Property is currently under lease through the remainder of 2025
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
$61,144
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
4.53%
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%
$1,222,880
$1.2M
Cap Rate 7%
$873,486
$873.5K
Cap Rate 9%
$679,378
$679.4K
Market Conditions
NOI Build-Up for 3,800 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
$91.7K $24.12/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$87.3K $22.99/SF
− OpEx
−$26.2K −$6.90/SF
NOI
$61.1K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /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%
$1,222,880
Cap Rate 7%
$873,486
Cap Rate 9%
$679,378
Alternative Uses
Best Use
Industrial
$3.78M
$3.30M – $4.41M
NOI $264,314 @ 7.0% cap · market cap 19.58%
Second Best
Retail
$873.5K
$764.3K – $1.02M
NOI $61,144 @ 7.0% cap · market cap 4.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75424, TX
4,517
Population
1,387
Households
3.3
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
63.6 sq mi
ZIP Area
71
Density / Sq Mi
$82,974
Median Household Income
$45,875
Median Earnings
$1,563
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - 1.43 acre lot with 3800 SF shop and office.
Where is this auto shop located?
The property is located at 15550 160 Highway Blue Ridge, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.43 acre lot at the intersection of Highway 121 and State Highway 160; 3800 square foot Shop and Office; Property is currently under lease through the remainder of 2025
