Two-Bay Automotive Repair
New
For Sale
$130,000
201 N Tone Avenue, Denison, TX 75020
Established automotive operation with shop equipment, storage, and a lease renewed for an additional four years.
Property Size1,110 SF
Price / SF$117.12
Days on Market2
Property Features for 201 N Tone Avenue
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Business
Additional Details
Business Included
Yes
Service Bays
2
Building Details
Year Built
1978
Abandoned
No
Listing Agency:
Competitive Edge Realty LLC
(972) 200-3685
Listed By:
Mina Barzani · License #0825748
(469) 888-0891
Source:
Lonestarluxuryrealty
Added: Sep 13
Last Checked: Sep 14 at 7:34AM
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 Competitive Edge Realty LLC
Investment Insights
Based on property information with market context.
This automotive repair property at 201 N Tone Avenue in Denison includes a two-bay garage with room to accommodate a potential third bay. The sale includes shop equipment such as a vehicle lift, tire changer, floor jacks, air compressor, oil and air filters, and a 40-foot storage container. The property was built in 1978 and includes an established automotive repair operation.
A portion of the lot may support automotive sales activity, subject to applicable licensing and local requirements. The lease has been renewed for an additional four years, providing a defined occupancy term for the incoming operator. The existing layout and equipment can support automotive repair and related services, including tire or detailing work.
A portion of the lot may support automotive sales activity, subject to applicable licensing and local requirements. The lease has been renewed for an additional four years, providing a defined occupancy term for the incoming operator. The existing layout and equipment can support automotive repair and related services, including tire or detailing work.
Key Highlights
- Two‑bay garage with room for a potential third bay
- Sale includes vehicle lift, tire changer, floor jacks, and air compressor
- 40‑foot storage container included with the property
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
$5,782
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
4.45%
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%
$115,640
$115.6K
Cap Rate 7%
$82,600
$82.6K
Cap Rate 9%
$64,244
$64.2K
Market Conditions
NOI Build-Up for 1,110 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
$9.1K $8.16/SF
− Vacancy
−$797 −$0.72/SF
EGI
$8.3K $7.44/SF
− OpEx
−$2.5K −$2.23/SF
NOI
$5.8K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /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%
$115,640
Cap Rate 7%
$82,600
Cap Rate 9%
$64,244
Alternative Uses
Best Use
Retail
$263.2K
$230.3K – $307.1K
NOI $18,424 @ 7.0% cap · market cap 14.17%
Second Best
Industrial
$82.6K
$72.3K – $96.4K
NOI $5,782 @ 7.0% cap · market cap 4.45%
Theoretical Best
Hotel Hospitality
$569.4K
$498.3K – $664.3K
NOI $39,860 @ 7.0% cap · market cap 30.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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- Complete Auto Body and Repair, LLC — 820 S Austin Ave, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive operation with shop equipment, storage, and a lease renewed for an additional four years.
Where is this auto shop located?
The property is located at 201 N Tone Avenue Denison, TX.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑bay garage with room for a potential third bay; Sale includes vehicle lift, tire changer, floor jacks, and air compressor; 40‑foot storage container included with the property
