Highway Intersection Car Dealership
For Sale
Contact for pricing
1608 W Moore Ave, Terrell, TX 75160
Car dealership property with showroom, service bays, and ample parking.
Property Size28,420 SF
Price / SF$137.23
Days on Market829
Property Features for 1608 W Moore Ave
General Information
Standard status
Active
Size
28,420 SF
Property subtype
Retail
Zoning
Commercial Main
Net Operating Income
$999
Building Details
Year Built
1963
Stories
2
Listing Agency:
RE/MAX Landmark
(972) 396-9100
Listed By:
Frank Roberts · License #0524424
Source:
Crexi
Added: May 16, 2024
Changed: Aug 12
Last Checked: Aug 21 at 10:29AM
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 RE/MAX Landmark
Investment Insights
Based on property information with market context.
This property, currently occupied by a new car dealership in Terrell, Texas, presents a lucrative opportunity for car or equipment dealerships, distribution centers, or retail ventures. The building offers a service bay, showroom, parts department, and offices, along with ample parking. Located at the major intersection of State Highway 205 and U.S. Highway 80, the property ensures prime visibility and accessibility. Recently renovated to meet all Certificate of Occupancy guidelines set by the City of Terrell, the property is currently under a one-year lease to a Hyundai dealer and operating at approximately an 8% cap rate. The property size is 28,420 square feet. The ongoing lease with a reputable tenant adds to the investment appeal, making it an ideal opportunity for those seeking a stable and income-generating commercial property in a strategic location.
Key Highlights
- Prime location at the major intersection of SH 205 and US Hwy 80, ensuring high visibility and accessibility.
- Currently operating at approximately an 8% cap rate under a one‑year lease to a Hyundai dealer, providing stable income.
- Suitable for car or equipment dealerships, distribution centers, or retail ventures, offering versatile usage.
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
$182,887
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
4.69%
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%
$3,657,740
$3.7M
Cap Rate 7%
$2,612,671
$2.6M
Cap Rate 9%
$2,032,078
$2.0M
Market Conditions
NOI Build-Up for 28,420 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
$283.1K $9.96/SF
− Vacancy
−$21.8K −$0.77/SF
EGI
$261.3K $9.19/SF
− OpEx
−$78.4K −$2.76/SF
NOI
$182.9K $6.44/SF
Area
Kaufman County, TX
Vacancy
7.70%
Lease Rate
$9.96 /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%
$3,657,740
Cap Rate 7%
$2,612,671
Cap Rate 9%
$2,032,078
Alternative Uses
Best Use
Specialty Retail
$7.26M
$6.35M – $8.47M
NOI $508,081 @ 7.0% cap · market cap 13.03%
Second Best
Retail
$6.77M
$5.93M – $7.90M
NOI $474,209 @ 7.0% cap · market cap 12.16%
Theoretical Best
Multifamily LT 5
$357.68M
$312.97M – $417.29M
NOI $25,037,494 @ 7.0% cap · market cap 641.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
245k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 25%
Shops & Services 16%
Groceries 13%
Walmart
Superstores
82,006 visits/mo
0.4 miles
Brookshire's
Groceries
31,723 visits/mo
0.2 miles
McDonald's
Dining
20,760 visits/mo
0.2 miles
Murphy USA
Shops & Services
16,657 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,291 visits/mo
0.4 miles
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
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?
Car wash - Car dealership property with showroom, service bays, and ample parking.
Where is this car wash located?
The property is located at 1608 W Moore Ave Terrell, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Prime location at the major intersection of SH 205 and US Hwy 80, ensuring high visibility and accessibility.; Currently operating at approximately an 8% cap rate under a one‑year lease to a Hyundai dealer, providing stable income.; Suitable for car or equipment dealerships, distribution centers, or retail ventures, offering versatile usage.
