Auto Shop with Corporate
For Sale
Contact for pricing
1809 N Mays St, Round Rock, TX 78664
Established automotive facility with a corporate-guaranteed lease and limited landlord responsibilities.
Property Size11,704 SF
Price / SF$270.42
Days on Market11
Property Features for 1809 N Mays St
General Information
Standard status
Active
Size
11,704 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
STRIVE
(469) 844-8889
Listed By:
Jennifer Pierson
(469) 844-8885
Source:
Moodyscre
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 7:16PM
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 STRIVE
Investment Insights
Based on property information with market context.
This 11,704-square-foot auto shop at 1809 N Mays St in Round Rock, Texas, has been occupied by Caliber Bodyworks of Texas since 1996. The roof was replaced in 2024, along with other property improvements.
The corporate-guaranteed lease places responsibility for utilities, interior maintenance, and operating expenses with the tenant. Landlord obligations are limited to the roof, foundation, and structural components, providing a clearly defined ownership structure for the property.
The corporate-guaranteed lease places responsibility for utilities, interior maintenance, and operating expenses with the tenant. Landlord obligations are limited to the roof, foundation, and structural components, providing a clearly defined ownership structure for the property.
Key Highlights
- 11,704‑square‑foot auto shop at 1809 N Mays St, Round Rock, TX 78664
- Caliber Bodyworks of Texas has occupied the property since 1996
- Corporate‑guaranteed lease
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
$218,433
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
6.90%
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%
$4,368,660
$4.4M
Cap Rate 7%
$3,120,471
$3.1M
Cap Rate 9%
$2,427,033
$2.4M
Market Conditions
NOI Build-Up for 11,704 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
$323.0K $27.60/SF
− Vacancy
−$11.0K −$0.94/SF
EGI
$312.0K $26.66/SF
− OpEx
−$93.6K −$8.00/SF
NOI
$218.4K $18.66/SF
Area
Round Rock, TX
Vacancy
3.40%
Lease Rate
$27.60 /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%
$4,368,660
Cap Rate 7%
$3,120,471
Cap Rate 9%
$2,427,033
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,433 @ 7.0% cap · market cap 6.90%
Second Best
Industrial
$1.60M
$1.40M – $1.87M
NOI $112,078 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$3.71M
$3.24M – $4.33M
NOI $259,548 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78664, TX
60,287
Population
24,259
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
3,632
Density / Sq Mi
$85,919
Median Household Income
$45,700
Median Earnings
$1,645
Median Rent
$317,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Honda Key Replacement — 1112 N Interstate Hwy 35, Round Rock, TX 78681
- One Stop Auto Shop — 906 B Sam Bass Rd, Round Rock, TX 78681
- Round Rock Mobile Mechanic — 1113 Wonder Dr, Round Rock, TX 78681
- Adair & Sons Automotive Import Service & Repair Specializing in Audi, BMW, Mercedes, MINI, Volkswagen in Round Rock — 1001 Sam Bass Rd, Round Rock, TX 78681
- Rapid Tire Shop — 906 Sam Bass Rd, Round Rock, TX 78681
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with a corporate-guaranteed lease and limited landlord responsibilities.
Where is this auto shop located?
The property is located at 1809 N Mays St Round Rock, TX.
What is the asking price?
The asking price for this property is $3,165,000.
What are key features of this property?
This property features: 11,704‑square‑foot auto shop at 1809 N Mays St, Round Rock, TX 78664; Caliber Bodyworks of Texas has occupied the property since 1996; Corporate‑guaranteed lease
