Vintage Auto Shop
For Sale
$154,900
212 E Market St, Sinton, TX 78387
Former service-garage improvements provide an established commercial structure for automotive-oriented use.
Property Size1,920 SF
Price / SF$80.68
Days on Market209
Property Features for 212 E Market St
General Information
Standard status
Active
Size
1,920 SF
Listing Agency:
Luxe Realty Group
(361) 816-8304
Listed By:
Kerry Simmons · License #0589937
(361) 816-8304
Source:
Exprealty
Added: Feb 4
Changed: Aug 30
Last Checked: Aug 31 at 6:57PM
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 Luxe Realty Group
Investment Insights
Based on property information with market context.
Situated at 212 E Market St in Sinton, this 1,920-square-foot commercial building is classified as an auto shop property. The structure previously operated as a service garage and retains a vintage character suited to an automotive-oriented business or related commercial use.
The property may also be sold together with 214 E Market St, subject to an acceptable offer. Its existing commercial format and former garage operation provide a defined starting point for a new owner evaluating the site.
The property may also be sold together with 214 E Market St, subject to an acceptable offer. Its existing commercial format and former garage operation provide a defined starting point for a new owner evaluating the site.
Key Highlights
- 1,920‑square‑foot commercial property
- Former service‑garage operation
- Vintage commercial structure at 212 E Market St, Sinton, TX
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
$9,563
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
6.17%
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%
$191,260
$191.3K
Cap Rate 7%
$136,614
$136.6K
Cap Rate 9%
$106,256
$106.3K
Market Conditions
NOI Build-Up for 1,920 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
$15.4K $8.04/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$13.7K $7.12/SF
− OpEx
−$4.1K −$2.13/SF
NOI
$9.6K $4.98/SF
Area
San Patricio County, TX
Vacancy
11.50%
Lease Rate
$8.04 /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%
$191,260
Cap Rate 7%
$136,614
Cap Rate 9%
$106,256
Alternative Uses
Best Use
Industrial
$136.6K
$119.5K – $159.4K
NOI $9,563 @ 7.0% cap · market cap 6.17%
Second Best
Retail
$122.9K
$107.6K – $143.4K
NOI $8,606 @ 7.0% cap · market cap 5.56%
Theoretical Best
Hotel Hospitality
$985.0K
$861.8K – $1.15M
NOI $68,947 @ 7.0% cap · market cap 44.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78387, TX
9,936
Population
3,762
Households
2.6
Avg Household Size
38
Median Age
11%
College-Educated
81%
High-School Grad
172.2 sq mi
ZIP Area
58
Density / Sq Mi
$48,000
Median Household Income
$29,620
Median Earnings
$918
Median Rent
$122,400
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
- Faustinomechanics — 732 park st, Sinton, TX 78387
- Sinton Lube — 504 S San Patricio St, Sinton, TX 78387
- ATS Tire Services — 518 W Merriman St, Sinton, TX 78387
- Joe's Paint & Body — 216 E Market St, Sinton, TX 78387
- South Texas Autosport — 402 E Market St, Sinton, TX 78387
Frequently Asked Questions
What type of property is this?
Auto shop - Former service-garage improvements provide an established commercial structure for automotive-oriented use.
Where is this auto shop located?
The property is located at 212 E Market St Sinton, TX.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 1,920‑square‑foot commercial property; Former service‑garage operation; Vintage commercial structure at 212 E Market St, Sinton, TX
