Listing Agency: Keller Williams Brazos West Show Phone

Listed By: Paula Maples · License #0557491 Show Phone

Source: Susiethompson

Added: Aug 3 Changed: Oct 5 Last Checked: Oct 12 at 7:59PM

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Investment Insights

Based on property information with market context.

This 3,320-square-foot automotive facility was built in 1994 and includes four service bays, three car lifts, a dedicated owner’s office, and additional office space. The layout supports automotive repair, maintenance, or specialty service operations, with room for both vehicle workflow and administrative functions.

The property at 206 Watters St in Cleburne, Texas, offers on-site parking, a fully fenced site, and convenient vehicle access. The additional office area may support rental use or provide overflow workspace, subject to buyer verification and applicable requirements.

Key Highlights

• 3,320 SF automotive facility built in 1994
• Four service bays and three car lifts
• Dedicated owner’s office plus additional office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,154

Cap Rate

4.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,080 $343.1K

Cap Rate 7%

$245,057 $245.1K

Cap Rate 9%

$190,600 $190.6K

Market Conditions

NOI Build-Up for 3,320 SF

Gross rent

$27.0K $8.12/SF

− Vacancy

−$2.5K −$0.74/SF

EGI

$24.5K $7.38/SF

− OpEx

−$7.4K −$2.21/SF

NOI

$17.2K $5.17/SF

Area

Johnson County, TX

Vacancy

9.10%

Lease Rate

$8.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,080

Cap Rate 7%

$245,057

Cap Rate 9%

$190,600

Alternative Uses

Best Use

Retail

$787.2K

$688.8K – $918.5K (±1% cap)

NOI $55,107 @ 7.0% cap · market cap 12.97%

Second Best

Industrial

$245.1K

$214.4K – $285.9K (±1% cap)

NOI $17,154 @ 7.0% cap · market cap 4.04%

Theoretical Best

Multifamily LT 5

$39.80M

$34.82M – $46.43M (±1% cap)

NOI $2,785,697 @ 7.0% cap · market cap 655.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Catering Service Skin Care Clinic Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76031, TX

18,398

Population

6,596

Households

2.8

Avg Household Size

38

Median Age

15%

College-Educated

81%

High-School Grad

72.7 sq mi

ZIP Area

253

Density / Sq Mi

$70,672

Median Household Income

$39,335

Median Earnings

$1,274

Median Rent

$203,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Fenced automotive facility with dedicated offices, on-site parking, and vehicle access designed for efficient service operations.

Where is this auto shop located?

The property is located at 206 Watters Street Cleburne, TX.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 3,320 SF automotive facility built in 1994; Four service bays and three car lifts; Dedicated owner’s office plus additional office space