Two-Bay Automotive Repair
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 Market48
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
Changed: Oct 29
Last Checked: Oct 28 at 6:52AM
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
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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 / Yr
$5,782
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Similar Off Market Nearby
- Swift Auto Repair Services — 304 w texas st, denison, tx 75020
- Auto Glass Shop — 144 W Monterey St, Denison, TX 75020
- Denison Auto Care — 1201 S Austin Ave, Denison, TX 75020
- Denison tire outlet — 901 S Austin Ave, Denison, TX 75020
- 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
