Fueling Station with Drive-Thru
For Sale
$675,000
12235 Camp Bowie West Boulevard, Aledo, TX 76008
1.05+ acre site with 164' frontage and a 2,587 sq ft drive-thru building offered as-is.
Property Size2,687 SF
Lot Size1.05 Acres
Price / SF$260.92
Days on Market24
Property Features for 12235 Camp Bowie West Boulevard
General Information
Standard status
Active
Size
2,687 SF
Lot size
1.05 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,515
Building Details
Building Size
2,687 SF
Year Built
1988
Listing Agency:
Duncan Real Estate Co.
(214) 476-8157
Listed By:
Ty Duncan · License #0693646
Source:
Nilesrealtygroup
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 11 at 12:42PM
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 Duncan Real Estate Co.
Investment Insights
Based on property information with market context.
Previously used as a Fueling Station & Mini-Mart, this 1.05+ acre commercial property includes approximately 164' of frontage and an existing 2,587 sq ft drive-thru building. The building is offered as-is and is reported to need extensive work, and the site presents an option to repurpose the current improvements or demo and build from the ground up.
The property is located off I-30 and is positioned for access to Interstate travelers.
Seller is offering the property as-is, with buyers evaluating the site for appropriate reuse of the existing structure or a redevelopment plan consistent with the desired commercial use.
The property is located off I-30 and is positioned for access to Interstate travelers.
Seller is offering the property as-is, with buyers evaluating the site for appropriate reuse of the existing structure or a redevelopment plan consistent with the desired commercial use.
Key Highlights
- 1.05+ acre commercial site with 164' of frontage off I‑30
- 2,587 sq ft drive‑thru building previously used as a fueling station & mini‑mart
- Building has drive‑thru access and was built in 1988
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
$44,552
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
6.60%
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%
$891,040
$891.0K
Cap Rate 7%
$636,457
$636.5K
Cap Rate 9%
$495,022
$495.0K
Market Conditions
NOI Build-Up for 2,587 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
$62.4K $24.12/SF
− Vacancy
−$3.0K −$1.16/SF
EGI
$59.4K $22.96/SF
− OpEx
−$14.9K −$5.74/SF
NOI
$44.6K $17.22/SF
Area
Parker County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$891,040
Cap Rate 7%
$636,457
Cap Rate 9%
$495,022
Alternative Uses
Best Use
Industrial
$2.57M
$2.25M – $3.00M
NOI $179,942 @ 7.0% cap · market cap 26.66%
Second Best
Specialty Retail
$636.5K
$556.9K – $742.5K
NOI $44,552 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 76008, TX
21,844
Population
8,127
Households
2.7
Avg Household Size
36
Median Age
59%
College-Educated
98%
High-School Grad
81.5 sq mi
ZIP Area
268
Density / Sq Mi
$160,778
Median Household Income
$72,401
Median Earnings
$2,577
Median Rent
$456,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 1.05+ acre site with 164' frontage and a 2,587 sq ft drive-thru building offered as-is.
Where is this gas station located?
The property is located at 12235 Camp Bowie West Boulevard Aledo, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.05+ acre commercial site with 164' of frontage off I‑30; 2,587 sq ft drive‑thru building previously used as a fueling station & mini‑mart; Building has drive‑thru access and was built in 1988
