Auto Body Repair Shop
For Sale
$675,000
3008 E Jefferson Street, Grand Prairie, TX 75051
Metal auto body shop with a metal roof, overhead garage door, reception area, private office, restrooms, and on-site parking.
Property Size1,800 SF
Price / SF$375
Days on Market24
Property Features for 3008 E Jefferson Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Business
Additional Details
Business Included
Yes
Drive-In Doors
1
Amenities
reception area
private office
restroom facilities
Building Details
Year Built
1973
Construction
metal building
Listing Agency:
Texas Lone Star, REALTORS
(972) 264-0303
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 20
Changed: Aug 11
Last Checked: Aug 12 at 6:29AM
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 Texas Lone Star, REALTORS
Investment Insights
Based on property information with market context.
This for-sale auto body repair shop is set in a durable metal building with a metal roof, laid out for automotive collision and repair work. The facility includes an overhead garage door opening into a spacious work area, along with a dedicated reception area for customer intake. A private office is provided for business operations, and restroom facilities serve both employees and clients.
The property also features an on-site parking area designed to accommodate customer parking, employee vehicles, and additional vehicle storage, supporting day-to-day shop activity.
With its practical shop layout and vehicle access through the overhead door, the building is configured to operate as an automotive repair and collision services business.
The property also features an on-site parking area designed to accommodate customer parking, employee vehicles, and additional vehicle storage, supporting day-to-day shop activity.
With its practical shop layout and vehicle access through the overhead door, the building is configured to operate as an automotive repair and collision services business.
Key Highlights
- Auto body shop in Grand Prairie built in 1973 with a durable metal building and metal roof
- Overhead garage door provides access into a spacious main work area for vehicle service and repairs
- Includes a dedicated reception area plus a private office for customer intake and business operations
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
$24,784
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
3.67%
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%
$495,680
$495.7K
Cap Rate 7%
$354,057
$354.1K
Cap Rate 9%
$275,378
$275.4K
Market Conditions
NOI Build-Up for 1,800 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
$37.2K $20.64/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$35.4K $19.67/SF
− OpEx
−$10.6K −$5.90/SF
NOI
$24.8K $13.77/SF
Area
Grand Prairie, TX
Vacancy
4.70%
Lease Rate
$20.64 /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%
$495,680
Cap Rate 7%
$354,057
Cap Rate 9%
$275,378
Alternative Uses
Best Use
Retail
$354.1K
$309.8K – $413.1K
NOI $24,784 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$269.6K
$235.9K – $314.5K
NOI $18,870 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
210k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 38%
Groceries 16%
Home Improvements & Furnishings 4%
McDonald's
Dining
39,193 visits/mo
0.3 miles
El Rio Grande
Groceries
33,034 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,370 visits/mo
0.1 miles
Chase Bank
Shops & Services
14,901 visits/mo
0.3 miles
Jack in the Box
Dining
13,499 visits/mo
0.2 miles
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Metal auto body shop with a metal roof, overhead garage door, reception area, private office, restrooms, and on-site parking.
Where is this auto shop located?
The property is located at 3008 E Jefferson Street Grand Prairie, 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: Auto body shop in Grand Prairie built in 1973 with a durable metal building and metal roof; Overhead garage door provides access into a spacious main work area for vehicle service and repairs; Includes a dedicated reception area plus a private office for customer intake and business operations
