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For Sale
$549,000
2102 S Fm 5, Aledo, TX 76008
Warehouse-zoned commercial property with an additional residential structure suitable for office, storage, or support functions.
Property Size6,000 SF
Lot Size0.93 Acres
Price / SF$91.50
Days on Market34
Property Features for 2102 S Fm 5
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.93 Acres
Additional Details
Warehouse Space
6,000 SF
Building Details
Year Built
1998
Buildings
2
Building Size
6,000 SF
Listing Agency:
BHHS Premier Properties
(817) 806-4100
Listed By:
Jennifer Franke · License #0620184
Source:
Heritance
Added: Jul 28
Changed: Aug 30
Last Checked: Aug 25 at 4:50AM
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 BHHS Premier Properties
Investment Insights
Based on property information with market context.
This property combines a 6,000 SF warehouse and auto body shop with a separate 1,118 SF residential structure containing two bedrooms and one bath. Built in 1998, the improvements sit across approximately 0.93 acres and include yard space supporting a range of commercial or light industrial operations.
The additional structure can accommodate office, storage, or other support functions associated with the primary building. Located at 2102 S FM 5 near Aledo, the property is identified as warehouse-zoned through Annetta South. Buyers should independently confirm zoning, permitted uses, and applicable municipal requirements.
The additional structure can accommodate office, storage, or other support functions associated with the primary building. Located at 2102 S FM 5 near Aledo, the property is identified as warehouse-zoned through Annetta South. Buyers should independently confirm zoning, permitted uses, and applicable municipal requirements.
Key Highlights
- 6,000 SF warehouse and auto body shop
- Separate 1,118 SF structure with two bedrooms and one bath
- Approximately 0.93 acres across two contiguous parcels
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
$41,723
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
7.60%
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%
$834,460
$834.5K
Cap Rate 7%
$596,043
$596.0K
Cap Rate 9%
$463,589
$463.6K
Market Conditions
NOI Build-Up for 6,000 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
$54.0K $9.00/SF
− Vacancy
−$4.9K −$0.82/SF
EGI
$49.1K $8.18/SF
− OpEx
−$7.4K −$1.23/SF
NOI
$41.7K $6.95/SF
Area
Parker County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$834,460
Cap Rate 7%
$596,043
Cap Rate 9%
$463,589
Alternative Uses
Best Use
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,338 @ 7.0% cap · market cap 76.02%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,543 @ 7.0% cap · market cap 17.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76008, TX
21,844
Population
8,127
Households
2.7
Avg Household Size
36
Median Age
59%
College-Educated
98%
High-School Grad
81.5 sq mi
ZIP Area
268
Density / Sq Mi
$160,778
Median Household Income
$72,401
Median Earnings
$2,577
Median Rent
$456,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Warehouse-zoned commercial property with an additional residential structure suitable for office, storage, or support functions.
Where is this auto shop located?
The property is located at 2102 S Fm 5 Aledo, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 6,000 SF warehouse and auto body shop; Separate 1,118 SF structure with two bedrooms and one bath; Approximately 0.93 acres across two contiguous parcels
