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    Automotive Service Shop Corner Lot Title is generated by Realmo AI

    123 N 7th Street, Corsicana, TX 75110

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    For Sale
    $550,000

    COMMERCIAL - Corsicana, TX

    Property size:
    3,312 SF
    Price / SF:
    $166/SF
    Added:
    Mar 10, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 123 N 7th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security
    Standard status
    Active
    APN
    C00000000600008000
    Size
    3,312 SF

    Taxes and HOA fees

    Tax Description
    ACRES .660 LOT 8-12;13-17

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    AluminumSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Frank Ramirez
    Frank Ramirez

    Listing agent Frank Ramirez License #0581187

    Listing office Ultima Real Estate Garland, TX

    Listing date Mar 10, 2026

    MLS# 20878961

    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.

    HighLights

    • 1995‑built shop with aluminum siding, concrete flooring, central heating, and central air
    • Metal roof and public water with public sewer
    • Corner lot with a very large customer area and small kitchen
    • Shop includes four lifts and one wheel alignment bay; equipment conveys with the sale

    Overview

    This automotive service shop is positioned on a corner lot and built for active vehicle maintenance and repair. The shop includes four lifts for handling multiple cars and one wheel alignment bay, and the wheel alignment equipment conveys with the property. Customer-facing space is described as very large, providing room for vehicle flow and service support, and there is also a small kitchen on site.

    The property benefits from a great location on a high-traffic corner, which can help support visibility and walk-in demand. The listing notes that only qualified buyers will be allowed to view the shop, which may streamline showings and protect ongoing operations.

    For buyers seeking an automotive-focused investment or an operator-run shop, the current buildout aligns well with service tenants who need lifting capacity and alignment capability. The combination of equipment, a sizable customer area, and on-site support space provides a practical platform for maintaining existing operations or developing a new local customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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
    • Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
    • Texas Engines & Transmissions — 1317 S 7th St, Corsicana, TX 75110

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.460339
    Latitude
    32.096097

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    FAQs

    What type of property is this?
    Auto shop - Automotive shop with multiple service bays, lifts, and a wheel alignment setup on a high-traffic corner lot.
    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: 1995‑built shop with aluminum siding, concrete flooring, central heating, and central air; Metal roof and public water with public sewer; Corner lot with a very large customer area and small kitchen
    (972) 675-2763
    We can help!
    Listing Contact
    Frank Ramirez
    Frank Ramirez
    Real Estate License ID: 0581187
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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