Automotive Service Shop Corner
123 N 7th Street Corsicana, TX 75110
123 N 7th Street, Corsicana, TX, 75110
$550,000
For Sale
$550,000
COMMERCIAL - Corsicana, TX
Property Size3,312 SF
Price / SF$166.06
Days on Market131
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
Listing Agency
Ultima Real Estate
(972) 980-9393
Garland, TX
Listed by
Frank Ramirez · License #0581187
(972) 675-2763
Added: Mar 10 Checked: Jul 18 at 4:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Corner lot commercial/shop with high‑traffic location
- Shop includes four lifts and one wheel alignment bay (equipment conveys)
- Large customer area and small kitchen
Local 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 | $33.4k | $10.08 |
| − Vacancy | −$3.0k | −$0.92 |
| EGI | $30.3k | $9.16 |
| − OpEx | −$9.1k | −$2.75 |
| NOI | $21.2k | $6.41 |
3,312 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$785.3K
$687.2K – $916.2K
NOI $54,974 @ 7.0% cap · market cap 10.00%
Second Best
Industrial
$303.5K
$265.5K – $354.1K
NOI $21,243 @ 7.0% cap · market cap 3.86%
Theoretical Best
Multifamily LT 5
$36.39M
$31.84M – $42.45M
NOI $2,547,005 @ 7.0% cap · market cap 463.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
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
- Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
- Texas Engines & Transmissions — 1317 S 7th St, Corsicana, TX 75110
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: Corner lot commercial/shop with high‑traffic location; Shop includes four lifts and one wheel alignment bay (equipment conveys); Large customer area and small kitchen
