Listing Agency: Ultima Real Estate Show Phone

Listed By: Frank Ramirez · License #0581187 Show Phone

Source: Pinkston-harris

Added: Aug 20 Changed: Oct 3 Last Checked: Oct 14 at 10:28PM

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Investment Insights

Based on property information with market context.

Located at 123 N 7th Street in Corsicana, this 3,312-square-foot auto shop is configured for vehicle service operations. The property includes four lifts and one wheel-alignment bay, with the related alignment equipment conveying with the sale. A large customer area and small kitchen add functional support space for daily shop operations.

The property occupies a corner lot in Corsicana and is identified as an auto shop asset. Its existing service equipment and customer-facing areas provide a defined commercial configuration for an automotive operator.

Key Highlights

• 3,312‑square‑foot auto shop at 123 N 7th Street, Corsicana, TX 75110
• Four vehicle lifts included
• One wheel‑alignment bay with equipment conveying

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,243

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$424,860 $424.9K

Cap Rate 7%

$303,471 $303.5K

Cap Rate 9%

$236,033 $236.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,312 SF

Gross rent

$33.4K $10.08/SF

− Vacancy

−$3.0K −$0.92/SF

EGI

$30.3K $9.16/SF

− OpEx

−$9.1K −$2.75/SF

NOI

$21.2K $6.41/SF

Area

Navarro County, TX

Vacancy

9.10%

Lease Rate

$10.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$424,860

Cap Rate 7%

$303,471

Cap Rate 9%

$236,033

Alternative Uses

Best Use

Retail

$785.3K

$687.2K – $916.2K (±1% cap)

NOI $54,974 @ 7.0% cap · market cap 10.00%

Second Best

Industrial

$303.5K

$265.5K – $354.1K (±1% cap)

NOI $21,243 @ 7.0% cap · market cap 3.86%

Theoretical Best

Multifamily LT 5

$36.39M

$31.84M – $42.45M (±1% cap)

NOI $2,547,005 @ 7.0% cap · market cap 463.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center Skin Care Clinic Locksmith Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Service bays

Location Intelligence

Trade Area within ½ mile

1,147

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75110, TX

30,336

Population

11,980

Households

2.5

Avg Household Size

35

Median Age

17%

College-Educated

77%

High-School Grad

137.5 sq mi

ZIP Area

221

Density / Sq Mi

$53,053

Median Household Income

$29,804

Median Earnings

$1,043

Median Rent

$169,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
• 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

Frequently Asked Questions

What type of property is this?

Auto shop - Corner-lot service property with a spacious customer area and small kitchen.

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: 3,312‑square‑foot auto shop at 123 N 7th Street, Corsicana, TX 75110; Four vehicle lifts included; One wheel‑alignment bay with equipment conveying