Operating Tire Service Auto
For Sale
$550,000
1601 N Kaufman St, Ennis, TX 75119
Automotive service property with customer parking, storage space, and access to I-45.
Property Size3,411 SF
Price / SF$161.24
Days on Market25
Property Features for 1601 N Kaufman St
General Information
Standard status
Active
Size
3,411 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
customer parking
storage space
Building Details
Year Built
1989
Listing Agency:
Mersaes Real Estate, Inc.
(972) 795-9397
Listed By:
Joseph Cranshaw · License #0714723
Source:
Minteerteam
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 25 at 5:09AM
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 Mersaes Real Estate, Inc.
Investment Insights
Based on property information with market context.
This automotive service property at 1601 N Kaufman St in Ennis includes a 3,411-square-foot commercial building constructed in 1989. The site is occupied by Ojeda’s Tire Shop and includes customer parking, storage space, and equipment and inventory with an acceptable offer.
The property sits along N Kaufman St with prominent street frontage and access to I-45. Its existing tire and automotive service operation provides an established commercial setting for continued use, ownership by an operator, or expansion of automotive services.
The property sits along N Kaufman St with prominent street frontage and access to I-45. Its existing tire and automotive service operation provides an established commercial setting for continued use, ownership by an operator, or expansion of automotive services.
Key Highlights
- 3,411‑square‑foot commercial building constructed in 1989
- Operating as Ojeda’s Tire Shop
- Inventory and equipment included with acceptable offer
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
$17,682
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
3.21%
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%
$353,640
$353.6K
Cap Rate 7%
$252,600
$252.6K
Cap Rate 9%
$196,467
$196.5K
Market Conditions
NOI Build-Up for 3,411 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
$27.7K $8.12/SF
− Vacancy
−$2.4K −$0.71/SF
EGI
$25.3K $7.41/SF
− OpEx
−$7.6K −$2.22/SF
NOI
$17.7K $5.18/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.12 /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%
$353,640
Cap Rate 7%
$252,600
Cap Rate 9%
$196,467
Alternative Uses
Best Use
Retail
$808.8K
$707.7K – $943.6K
NOI $56,617 @ 7.0% cap · market cap 10.29%
Second Best
Industrial
$252.6K
$221.0K – $294.7K
NOI $17,682 @ 7.0% cap · market cap 3.21%
Theoretical Best
Multifamily LT 5
$37.22M
$32.57M – $43.42M
NOI $2,605,374 @ 7.0% cap · market cap 473.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Rip's Powersports — 505 N Breckenridge St, Ennis, TX 75119
- Limitless Fleet Services LLC — 205 E Denton St, Ennis, TX 75119
- B and J Small Engine Repair — 505 N Breckenridge St, Ennis, TX 75119
- Big E Used Tires — 408 N Kaufman St, Ennis, TX 75119
- CK Customs — 308 N Kaufman St, Ennis, TX 75119
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with customer parking, storage space, and access to I-45.
Where is this auto shop located?
The property is located at 1601 N Kaufman St Ennis, 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: 3,411‑square‑foot commercial building constructed in 1989; Operating as Ojeda’s Tire Shop; Inventory and equipment included with acceptable offer
