Auto Shop with Office
For Sale
$550,000
1354 Wheeler, Aransas Pass, TX 78336
Commercial property includes service areas, storage, customer parking, and a corner-lot setting in Aransas Pass.
Property Size3,200 SF
Price / SF$171.88
Days on Market15
Property Features for 1354 Wheeler
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Office
Amenities
shop and work areas
office space
storage
Electric, Gas
3
Parking. Corner Lot.
Assigned Parking Space, Garage.
Corner.
Building Details
Year Built
1972
Stories
1
Listing Agency:
Vaden MacLeod Real Estate
(361) 230-3028
Listed By:
Zaira Sansom · License #0740795
(361) 230-3028
Source:
Xome
Added: Aug 7
Changed: Aug 17
Last Checked: Aug 21 at 4:53AM
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 Vaden MacLeod Real Estate
Investment Insights
Based on property information with market context.
This automotive property includes shop and work areas, office space, storage, and parking for customers and vehicles. The site also includes a garage and a corner lot, providing space for vehicle-related operations and equipment. Electric and gas service are noted, and the property was built in 1972.
Located at 1354 Wheeler in Aransas Pass, the property offers a commercial setting for automotive repair, service, or related business use. Its configuration combines functional work areas with office and storage components, while on-site parking supports customer and vehicle needs.
Located at 1354 Wheeler in Aransas Pass, the property offers a commercial setting for automotive repair, service, or related business use. Its configuration combines functional work areas with office and storage components, while on-site parking supports customer and vehicle needs.
Key Highlights
- Shop and work areas for automotive operations
- Office space with storage areas
- Garage and parking for customers and vehicles
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
$15,938
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
2.90%
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%
$318,760
$318.8K
Cap Rate 7%
$227,686
$227.7K
Cap Rate 9%
$177,089
$177.1K
Market Conditions
NOI Build-Up for 3,200 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
$25.7K $8.04/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$22.8K $7.12/SF
− OpEx
−$6.8K −$2.13/SF
NOI
$15.9K $4.98/SF
Area
San Patricio County, TX
Vacancy
11.50%
Lease Rate
$8.04 /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%
$318,760
Cap Rate 7%
$227,686
Cap Rate 9%
$177,089
Alternative Uses
Best Use
Industrial
$227.7K
$199.2K – $265.6K
NOI $15,938 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 2.61%
Theoretical Best
Hotel Hospitality
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
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?
Auto shop - Commercial property includes service areas, storage, customer parking, and a corner-lot setting in Aransas Pass.
Where is this auto shop located?
The property is located at 1354 Wheeler Aransas Pass, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Shop and work areas for automotive operations; Office space with storage areas; Garage and parking for customers and vehicles
