Automotive Service Shop with
For Sale
$600,000
1605 S Main Street Unit A, Cleburne, TX 76033
Fully insulated metal building with seven service bays, office space with central HVAC, and a fenced lot.
Property Size1,920 SF
Price / SF$312.50
Days on Market31
Property Features for 1605 S Main Street Unit A
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
7
Building Details
Year Built
1977
Listing Agency:
Fathom Realty, LLC
(888) 455-6040
Listed By:
Rene Jensen · License #0662401
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 13
Changed: Aug 11
Last Checked: Aug 12 at 5:40AM
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 Fathom Realty, LLC
Investment Insights
Based on property information with market context.
This property is a fully insulated metal building built for automotive and equipment service operations, currently operating as a lawn and equipment repair shop. The layout includes seven service bays, multiple private office spaces, a customer waiting area, a dedicated storage room, workshop space, and two restrooms. The office areas are equipped with central heating and air for year-round comfort.
The site is situated on a highly visible corner lot just outside city limits of Cleburne, right off busy Highway 174, and includes a fully fenced area with property lines extending beyond the existing fence for additional usable space.
Utilities include service by a septic system, with the option to connect to city sewer if desired. The configuration is well suited to an owner-operator or business requiring both service bay functionality and on-site office support.
The site is situated on a highly visible corner lot just outside city limits of Cleburne, right off busy Highway 174, and includes a fully fenced area with property lines extending beyond the existing fence for additional usable space.
Utilities include service by a septic system, with the option to connect to city sewer if desired. The configuration is well suited to an owner-operator or business requiring both service bay functionality and on-site office support.
Key Highlights
- 1977 year‑built fully insulated metal commercial building
- Seven service bays plus workshop and dedicated storage room
- Multiple private office spaces and customer waiting area
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
$31,869
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
5.31%
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%
$637,380
$637.4K
Cap Rate 7%
$455,271
$455.3K
Cap Rate 9%
$354,100
$354.1K
Market Conditions
NOI Build-Up for 1,920 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
$47.9K $24.96/SF
− Vacancy
−$2.4K −$1.25/SF
EGI
$45.5K $23.71/SF
− OpEx
−$13.7K −$7.11/SF
NOI
$31.9K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$637,380
Cap Rate 7%
$455,271
Cap Rate 9%
$354,100
Alternative Uses
Best Use
Retail
$455.3K
$398.4K – $531.2K
NOI $31,869 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$141.7K
$124.0K – $165.3K
NOI $9,920 @ 7.0% cap · market cap 1.65%
Theoretical Best
Multifamily LT 5
$23.01M
$20.14M – $26.85M
NOI $1,611,006 @ 7.0% cap · market cap 268.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Service bays
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76033, TX
27,243
Population
10,962
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
176.1 sq mi
ZIP Area
155
Density / Sq Mi
$69,870
Median Household Income
$40,168
Median Earnings
$1,287
Median Rent
$230,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Whatever Customs Speed Shop — 1909 S Main St, Cleburne, TX 76033
- Breton Creek Customs — 1917 TX-174, Cleburne, TX 76033, United States
- Armada Tire Company — 1712 Hal Ave Unit A, Cleburne, TX 76031
- ATS Transmission — 1708 tx-171, cleburne, tx 76031
- Patriot Diesel & Automotive — 2005 S Main St, Cleburne, TX 76033
Frequently Asked Questions
What type of property is this?
Auto shop - Fully insulated metal building with seven service bays, office space with central HVAC, and a fenced lot.
Where is this auto shop located?
The property is located at 1605 S Main Street Unit A Cleburne, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1977 year‑built fully insulated metal commercial building; Seven service bays plus workshop and dedicated storage room; Multiple private office spaces and customer waiting area
