Gas Station Property with
For Sale
$675,000
12235 Camp Bowie W Boulevard, Aledo, TX 76008
CommercialSale, Aledo, TX
Property Size2,587 SF
Lot Size1.05 Acres
Price / SF$260.92
Days on Market49
Property Features for 12235 Camp Bowie W Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
F1
Parking features
Open, Garage, Covered
Subdivision
Walter Houston Abs 719
Directions
GPS Friendly.
Standard status
Active
APN
06190421
Lot size
1.05 Acres
Taxes and HOA fees
Tax Description
HOUSTON, WALTER SURVEY ABSTRACT 719 TRACT 7B0
Tax Annual Amount
7515
Legal Description
HOUSTON, WALTER SURVEY ABSTRACT 719 TRACT 7B0
Amenities
drive-thru access
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Duncan Real Estate Co.
(214) 476-8157
Listed By:
Ty Duncan · License #0693646
(214) 476-8157
Added: Jul 13
Changed: Aug 21
Last Checked: Aug 30 at 11:06AM
MLS# 21329325
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.05-acre commercial property includes a 2,587-square-foot building that previously operated as a fueling station and mini-mart. The structure has drive-through access, brick construction, and an existing parking setup with open, garage, and covered spaces. The building requires extensive work and is being offered as-is.
The property is located off I-30 at 12235 Camp Bowie W Boulevard in Aledo, Texas, with 164 feet of frontage. The existing improvements can be repurposed or removed for new construction. The source information identifies restaurant, dealership, retail, and service-related business concepts as potential redevelopment directions.
The property is located off I-30 at 12235 Camp Bowie W Boulevard in Aledo, Texas, with 164 feet of frontage. The existing improvements can be repurposed or removed for new construction. The source information identifies restaurant, dealership, retail, and service-related business concepts as potential redevelopment directions.
Key Highlights
- 1.05‑acre commercial property with 164' of frontage
- 2,587‑square‑foot existing building
- Former fueling station and mini‑mart use
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
$44,552
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
6.60%
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%
$891,040
$891.0K
Cap Rate 7%
$636,457
$636.5K
Cap Rate 9%
$495,022
$495.0K
Market Conditions
NOI Build-Up for 2,587 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
$62.4K $24.12/SF
− Vacancy
−$3.0K −$1.16/SF
EGI
$59.4K $22.96/SF
− OpEx
−$14.9K −$5.74/SF
NOI
$44.6K $17.22/SF
Area
Parker County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$891,040
Cap Rate 7%
$636,457
Cap Rate 9%
$495,022
Alternative Uses
Best Use
Industrial
$2.57M
$2.25M – $3.00M
NOI $179,942 @ 7.0% cap · market cap 26.66%
Second Best
Specialty Retail
$636.5K
$556.9K – $742.5K
NOI $44,552 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 76008, TX
21,844
Population
8,127
Households
2.7
Avg Household Size
36
Median Age
59%
College-Educated
98%
High-School Grad
81.5 sq mi
ZIP Area
268
Density / Sq Mi
$160,778
Median Household Income
$72,401
Median Earnings
$2,577
Median Rent
$456,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Former fueling and convenience property with interstate access, substantial frontage, and an existing building requiring extensive work.
Where is this gas station located?
The property is located at 12235 Camp Bowie W Boulevard Aledo, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.05‑acre commercial property with 164' of frontage; 2,587‑square‑foot existing building; Former fueling station and mini‑mart use
