Car Condo Near Allen
For Sale
$475,000
2137 Chelsea Rd E3, Allen, TX 75013
Car condo with upgrades and potential passive income.
Property Size2,080 SF
Lot Size8.64 Acres
Days on Market312
Property Features for 2137 Chelsea Rd E3
General Information
Standard status
Active
Size
2,080 SF
Lot size
8.64 Acres
Property subtype
Industrial
Building Details
Building Size
2,080 SF
Year Built
2018
Stories
1
Units
1
Listing Agency:
Texas Ally Real Estate Group
Listed By:
Ingo Hagemann · License #0700787
(512) 763-2559
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 5 at 7:23PM
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 Texas Ally Real Estate Group
Investment Insights
Based on property information with market context.
This car condo is located near Highway 75 and Stacy Road, adjacent to the Allen Premium Outlet Mall. The unit has been upgraded with a bathroom and an elevated living or loft office area. The future buyer will also receive two AutoStacker 6000lbs scissor lifts. The unit offers the opportunity to produce passive income by leasing. It is air conditioned and heated, protecting cars from the weather. The property is securely fenced and features cameras.
Key Highlights
- Upgraded with bathroom and elevated living/loft/office area.
- Includes 2 AutoStacker 6000lbs scissor lifts.
- Prime location near Highway 75 and Allen Premium Outlet Mall.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,468
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,360
$669.4K
Cap Rate 7%
$478,114
$478.1K
Cap Rate 9%
$371,867
$371.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$50.2K $24.12/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$47.8K $22.99/SF
− OpEx
−$14.3K −$6.90/SF
NOI
$33.5K $16.09/SF
Area
Allen, 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 Rate 5%
$669,360
Cap Rate 7%
$478,114
Cap Rate 9%
$371,867
Alternative Uses
Best Use
Retail
$478.1K
$418.4K – $557.8K
NOI $33,468 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$454.0K
$397.3K – $529.7K
NOI $31,782 @ 7.0% cap · market cap 6.69%
Theoretical Best
Warehouse
$551.3K
$482.4K – $643.2K
NOI $38,593 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
141k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 6%
Hotels & Casinos 6%
Beauty & Spa 1%
McDonald's
Dining
34,774 visits/mo
0.5 miles
Layne's Chicken Fingers
Dining
12,473 visits/mo
0.5 miles
Panda Express
Dining
11,609 visits/mo
0.3 miles
Wendy's
Dining
11,492 visits/mo
0.3 miles
Taco Bell
Dining
10,416 visits/mo
0.3 miles
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Intellegated Enterprises — 700 Central Expy S #400, Allen, TX 75013
- Truck Rental Center at The Home Depot — 909 W McDermott Dr, Allen, TX 75013
- U-Haul Neighborhood Dealer — 101 N Greenville Ave C, Allen, TX 75002
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Car condo with upgrades and potential passive income.
Where is this parking lot & garage located?
The property is located at 2137 Chelsea Rd E3 Allen, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Upgraded with bathroom and elevated living/loft/office area.; Includes **2 AutoStacker 6000lbs scissor lifts.**; Prime location near Highway 75 and Allen Premium Outlet Mall.
