Automotive Repair Facility with Drive-In
For Sale
Contact for pricing
10070 Veterans Memorial Drive, Houston, TX 77038
New 9,000 SF auto repair building features five drive-in bays with lifts, office/reception, and covered repair overflow area.
Property Size23,750 SF
Price / SF$155.79
Days on Market1950
Property Features for 10070 Veterans Memorial Drive
General Information
Standard status
Active
Size
23,750 SF
Property subtype
RETAIL
Site & Location
Traffic Count
28,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
5
Service Bays
5
Listing Agency:
Texas CRES
(713) 473-7200
Listed By:
Joel C. English · License #465800
Source:
Moodyscre
Added: Mar 29, 2021
Changed: Jul 26
Last Checked: Jul 30 at 1:05PM
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 CRES
Investment Insights
Based on property information with market context.
A new 9,000 SF automotive repair building is designed for service operations, offering five drive-in bays equipped with lifts. The facility includes an enclosed office/reception area and an additional covered open repair area intended for overflow. Multiple areas for extra storage/inventory are also incorporated, along with space for signage, supported by a substantial paved site.
The property provides approximately 135 feet of frontage on Veterans Memorial with access from Forestburg Drive. The paved site spans 20,800 SF and includes ample parking, plus additional paving and underground detention planned for completion in 2022.
For visibility and connectivity, the remarks cite strong nearby traffic patterns, including average volumes over 28,800 vehicles per day on Veterans Memorial and over 20,000 vehicles per day on West Road, with Beltway 8 referenced at over 210,000 vehicles per day. Owner financing is noted as available for a qualified buyer with a $1.5 million down payment.
The property provides approximately 135 feet of frontage on Veterans Memorial with access from Forestburg Drive. The paved site spans 20,800 SF and includes ample parking, plus additional paving and underground detention planned for completion in 2022.
For visibility and connectivity, the remarks cite strong nearby traffic patterns, including average volumes over 28,800 vehicles per day on Veterans Memorial and over 20,000 vehicles per day on West Road, with Beltway 8 referenced at over 210,000 vehicles per day. Owner financing is noted as available for a qualified buyer with a $1.5 million down payment.
Key Highlights
- New 9,000 SF auto repair building with five drive‑in bays and lifts
- Enclosed office/reception area plus a covered open repair area for overflow
- 135 ft of frontage on Veterans Memorial with access from Forestburg Drive
Financial Insights For Retail
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 | $487.4k | $20.52 |
| − Vacancy | −$27.3k | −$1.15 |
| EGI | $460.1k | $19.37 |
| − OpEx | −$138.0k | −$5.81 |
| NOI | $322.0k | $13.56 |
23,750 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.60M
$4.03M – $5.37M
NOI $322,041 @ 7.0% cap · market cap 8.70%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,914 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$6.11M
$5.34M – $7.13M
NOI $427,500 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Drive-in doors
5
Service bays
28,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77038, TX
30,483
Population
9,134
Households
3.3
Avg Household Size
31
Median Age
12%
College-Educated
65%
High-School Grad
9.7 sq mi
ZIP Area
3,143
Density / Sq Mi
$50,655
Median Household Income
$31,662
Median Earnings
$1,248
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
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Similar Off Market Nearby
- Superior Auto & Body — 31259 Reid’s Peirie rd, Houston, TX 77038
- AAMCO Transmissions & Total Car Care — 10030 Veterans Memorial Dr, Houston, TX 77038
- Douglas Mechanic shop & auto sales — 10083 Veterans Memorial Dr, Houston, TX 77038
- Transmissions R.U.S Specialist — 12627 Sai Baba Dr, Houston, TX 77038
- Torres Tire Shop — 10100 Veterans Memorial Dr, Houston, TX 77038
Frequently Asked Questions
What type of property is this?
Auto shop - New 9,000 SF auto repair building features five drive-in bays with lifts, office/reception, and covered repair overflow area.
Where is this auto shop located?
The property is located at 10070 Veterans Memorial Drive Houston, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: New 9,000 SF auto repair building with five drive‑in bays and lifts; Enclosed office/reception area plus a covered open repair area for overflow; 135 ft of frontage on Veterans Memorial with access from Forestburg Drive
