Mechanic Shop on High-Traffic
For Sale
$489,999
602 E Little York Road, Houston, TX 77076
Commercial property operating as a mechanic shop on 19,262 sqft lot.
Property Size1,457 SF
Lot Size0.44 Acres
Price / SF$336.31
Days on Market496
Property Features for 602 E Little York Road
General Information
Standard status
Active
Size
1,457 SF
Lot size
0.44 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$9,221
Amenities
Corner Lot
Listing Agency:
BLUEROOF REAL ESTATE
(713) 777-1003
Listed By:
CESAR MARTINEZ · License #0523030
Source:
Corcoran
Added: Apr 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:15AM
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 BLUEROOF REAL ESTATE
Investment Insights
Based on property information with market context.
The commercial property at 602 E Little York Rd in Houston is currently operating as a mechanic shop. The building is approximately 1,457 sq ft and sits on a 19,262 sq ft lot. It features ample parking and a secure yard. Located on a high-traffic road, the property offers excellent visibility and access. This site is suitable for an owner-user or investor looking for automotive or light industrial use. The property includes multiple service bays and is surrounded by other commercial businesses. It is located in a growing area.
Key Highlights
- High‑traffic location with excellent visibility and access.
- Large 19,262 sq ft lot with ample parking and secure yard.
- Currently operating as a mechanic shop with multiple service bays.
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
$19,756
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
4.03%
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%
$395,120
$395.1K
Cap Rate 7%
$282,229
$282.2K
Cap Rate 9%
$219,511
$219.5K
Market Conditions
NOI Build-Up for 1,457 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
$29.9K $20.52/SF
− Vacancy
−$1.7K −$1.15/SF
EGI
$28.2K $19.37/SF
− OpEx
−$8.5K −$5.81/SF
NOI
$19.8K $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%
$395,120
Cap Rate 7%
$282,229
Cap Rate 9%
$219,511
Alternative Uses
Best Use
Retail
$282.2K
$247.0K – $329.3K
NOI $19,756 @ 7.0% cap · market cap 4.03%
Second Best
Industrial
$117.4K
$102.7K – $136.9K
NOI $8,215 @ 7.0% cap · market cap 1.68%
Theoretical Best
Office A
$374.7K
$327.8K – $437.1K
NOI $26,226 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77076, TX
32,349
Population
10,650
Households
3
Avg Household Size
31
Median Age
6%
College-Educated
55%
High-School Grad
4.7 sq mi
ZIP Area
6,883
Density / Sq Mi
$39,895
Median Household Income
$26,809
Median Earnings
$1,151
Median Rent
$147,700
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 - Commercial property operating as a mechanic shop on 19,262 sqft lot.
Where is this auto shop located?
The property is located at 602 E Little York Road Houston, TX.
What is the asking price?
The asking price for this property is $489,999.
What are key features of this property?
This property features: High‑traffic location with excellent visibility and access.; Large 19,262 sq ft lot with ample parking and secure yard.; Currently operating as a mechanic shop with multiple service bays.
