Automotive Shop with Multiple
123 N 7th Street Corsicana, TX 75110
New
For Sale
$550,000
Automotive shop on a corner lot with four lifts and wheel alignment bay equipment.
Property Size3,328 SF
Price / SF$165.26
Days on Market6
Property Features for 123 N 7th Street
General Information
Standard status
Active
Size
3,328 SF
Property subtype
Commercial
Building Details
Year Built
1995
Listing Agency:
Ultima Real Estate
(972) 670-6635
Listed By:
Frank Ramirez · License #0581187
(972) 670-6635
Source:
Fullhouserealtytx
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 29 at 12:08PM
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 Ultima Real Estate
Investment Insights
Based on property information with market context.
This for-sale automotive shop offers a large customer area and a small kitchen, along with four lifts for vehicle service operations. One wheel alignment bay equipment package is included and will convey with the property.
The property is located at 123 N 7th Street in Corsicana, Texas, on a high-traffic corner lot. Per the seller’s remarks, showings are limited to qualified buyers only.
The property is located at 123 N 7th Street in Corsicana, Texas, on a high-traffic corner lot. Per the seller’s remarks, showings are limited to qualified buyers only.
Key Highlights
- Automotive shop built in 1995 on a corner lot with high‑traffic location.
- Shop includes four lifts.
- Wheel alignment bay equipment conveys with the property.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $10.08 |
| − Vacancy | −$3.1k | −$0.92 |
| EGI | $30.5k | $9.16 |
| − OpEx | −$9.1k | −$2.75 |
| NOI | $21.3k | $6.41 |
3,328 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$789.1K
$690.5K – $920.7K
NOI $55,239 @ 7.0% cap · market cap 10.04%
Second Best
Industrial
$304.9K
$266.8K – $355.8K
NOI $21,345 @ 7.0% cap · market cap 3.88%
Theoretical Best
Multifamily LT 5
$36.56M
$31.99M – $42.66M
NOI $2,559,309 @ 7.0% cap · market cap 465.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Brutons Sardis Tire — 1219 S 7th St, Corsicana, TX 75110
- R.B. Tire Company — 1201 S 7th St, Corsicana, TX 75110
- C & L Garage — 101 S 20th St, Corsicana, TX 75110
- Speight Auto Glass — 610 W 7th Ave, Corsicana, TX 75110
- Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive shop on a corner lot with four lifts and wheel alignment bay equipment.
Where is this auto shop located?
The property is located at 123 N 7th Street Corsicana, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Automotive shop built in 1995 on a corner lot with high‑traffic location.; Shop includes four lifts.; Wheel alignment bay equipment conveys with the property.
