Building Details

Year built 1980

Floors in Building 1

Number of units 1

Flooring type Concrete

Building materials MetalSiding

Listing Agency: Fathom Realty LLC Show Phone

Listed By: Eddy Gomez Show Phone

Added: Aug 2 Changed: Sep 4 Last Checked: Sep 18 at 8:06PM

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MLS# 21348425

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Investment Insights

Based on property information with market context.

This 2,160-square-foot automotive property includes a pre-engineered steel building on a 0.21-acre concrete lot. The facility has two overhead doors, a permitted professional paint booth, an air compressor, an office with HVAC, and a restroom. The paint booth and compressor convey with the sale. Built in 1980, the property is served by public water and public sewer.

The site is fully fenced and accessed through a gated entrance, with parking or storage for approximately 15–20 vehicles. IR (Industrial Research District) zoning supports the current automotive configuration and other permitted industrial uses. The property will be delivered vacant at closing, providing an immediate path for owner occupancy or leasing.

Key Highlights

• 2,160 SF pre‑engineered steel building on a 0.21‑acre concrete lot
• IR (Industrial Research District) zoning
• Fully fenced site with gated entrance

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

$34,755

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

5.80%

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%

$695,100 $695.1K

Cap Rate 7%

$496,500 $496.5K

Cap Rate 9%

$386,167 $386.2K

Market Conditions

NOI Build-Up for 2,160 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

$52.1K $24.12/SF

− Vacancy

−$2.4K −$1.13/SF

EGI

$49.7K $22.99/SF

− OpEx

−$14.9K −$6.90/SF

NOI

$34.8K $16.09/SF

Area

Dallas, TX

Vacancy

4.70%

Lease Rate

$24.12 /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%

$695,100

Cap Rate 7%

$496,500

Cap Rate 9%

$386,167

Alternative Uses

Best Use

Retail

$496.5K

$434.4K – $579.3K (±1% cap)

NOI $34,755 @ 7.0% cap · market cap 5.80%

Second Best

Flex RnD

$270.8K

$236.9K – $315.9K (±1% cap)

NOI $18,954 @ 7.0% cap · market cap 3.16%

Theoretical Best

Office A

$2.59M

$2.27M – $3.02M (±1% cap)

NOI $181,428 @ 7.0% cap · market cap 30.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

D & BJ Auto ... Car Dealership

Suggested Use

Top Pick Dental Office Real Estate Agency Locksmith Law Firm (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

623

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75220, TX

39,627

Population

15,589

Households

2.5

Avg Household Size

32

Median Age

23%

College-Educated

61%

High-School Grad

11.3 sq mi

ZIP Area

3,507

Density / Sq Mi

$57,787

Median Household Income

$33,127

Median Earnings

$1,164

Median Rent

$449,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 - Vacant automotive facility with gated access, vehicle storage capacity, and supporting office and service improvements.

Where is this auto shop located?

The property is located at 2136 California Crossing Road Dallas, TX.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 2,160 SF pre‑engineered steel building on a 0.21‑acre concrete lot; IR (Industrial Research District) zoning; Fully fenced site with gated entrance