Auto Shop with Multiple Bay
For Sale
$950,000
12712 China Spring Rd, China Spring, TX 76633
Metal service building includes office, customer waiting space, restrooms, and vehicle storage area.
Property Size7,516 SF
Price / SF$126.40
Days on Market48
Property Features for 12712 China Spring Rd
General Information
Standard status
Active
Size
7,516 SF
Property subtype
Commercial
Financials
Asking Price
$950,000
Business Included
Yes
Additional Details
Service Bays
10
Taxes and HOA fees
Annual Taxes
$3,918
Amenities
two restrooms
canopy
gutters
gravel driveway
billboard
utility sink
break area
lobby/waiting room
office space
conventional septic
Building Details
Building Size
7,516 SF
Year Built
2003
Buildings
1
Construction
metal building
Listed By:
Scott Forest Forester · License #TX 456039
(830) 708-1340
Source:
Elliman
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 4 at 1:27PM
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 Scott Forest Forester
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Investment Insights
Based on property information with market context.
This 7,516-square-foot metal auto shop was built in 2003 and includes 10 surface bay doors. The front portion provides 720 square feet of office space with a lobby and waiting area, reception desk, break area, owner’s office, and restroom. A second restroom serves the shop area, which also includes a utility sink. A canopy covers the front bay doors, while roof gutters direct water away from the building.
The property at 12712 China Spring Rd in China Spring, TX, includes gravel driveways around the building and additional parking for vehicles. The rear warehouse area has supplemental bay access, and a billboard on the property is subject to a lease agreement with an advertising business. Water and wastewater service includes a conventional septic system with a drain field northwest of the building; the septic system was pumped within the last two years. The property is being sold with the operating auto repair business.
The property at 12712 China Spring Rd in China Spring, TX, includes gravel driveways around the building and additional parking for vehicles. The rear warehouse area has supplemental bay access, and a billboard on the property is subject to a lease agreement with an advertising business. Water and wastewater service includes a conventional septic system with a drain field northwest of the building; the septic system was pumped within the last two years. The property is being sold with the operating auto repair business.
Key Highlights
- 7,516 Sq ft metal building constructed in 2003
- 10 surface bay doors, including six 12 x 12, one 14 x 12, two 12 x 11, and one 10 x 12
- 720 sq ft office area with lobby/waiting room, reception desk, break area, owner’s office, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,452
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,040
$929.0K
Cap Rate 7%
$663,600
$663.6K
Cap Rate 9%
$516,133
$516.1K
Market Conditions
NOI Build-Up for 7,516 SF
Gross rent
$58.3K $7.76/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$54.6K $7.27/SF
− OpEx
−$8.2K −$1.09/SF
NOI
$46.5K $6.18/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,040
Cap Rate 7%
$663,600
Cap Rate 9%
$516,133
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.70M
NOI $101,806 @ 7.0% cap · market cap 10.72%
Second Best
Warehouse
$663.6K
$580.7K – $774.2K
NOI $46,452 @ 7.0% cap · market cap 4.89%
Theoretical Best
Multifamily LT 5
$93.63M
$81.93M – $109.24M
NOI $6,554,169 @ 7.0% cap · market cap 689.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 76633, TX
5,665
Population
1,930
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
96%
High-School Grad
55.8 sq mi
ZIP Area
102
Density / Sq Mi
$105,174
Median Household Income
$47,469
Median Earnings
$1,685
Median Rent
$348,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- China Spring Lube & Services — 12712 China Spring Rd, China Spring, TX 76633
- CHINA SPRING COLLISION & RESTORATION — 12530 China Spring Rd, China Spring, TX 76633
- Caliber Collision — 12530 China Spring Rd, China Spring, TX 76633
Frequently Asked Questions
What type of property is this?
Auto shop - Metal service building includes office, customer waiting space, restrooms, and vehicle storage area.
Where is this auto shop located?
The property is located at 12712 China Spring Rd China Spring, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,516 Sq ft metal building constructed in 2003; 10 surface bay doors, including six 12 x 12, one 14 x 12, two 12 x 11, and one 10 x 12; 720 sq ft office area with lobby/waiting room, reception desk, break area, owner’s office, and restroom
