Auto Repair Shop
For Sale
Contact for pricing
Pending
216 E Front St, Tyler, TX 75702
Auto repair shop offered for sale with option to purchase with setup or building only.
Property Size2,585 SF
Days on Market934
Property Features for 216 E Front St
General Information
Standard status
Pending
Size
2,585 SF
Property subtype
Land
Listing Agency:
Coldwell Banker Apex Realtors Tyler
Listed By:
Laura Adams · License #TX
(903) 730-1033
Source:
Crexi
Added: Feb 17, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:43PM
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 Coldwell Banker Apex Realtors Tyler
Investment Insights
Based on property information with market context.
This property is an auto repair shop designed for immediate operation, and it can be purchased either with the full existing setup or as the building without the set up and materials. The asking structure is priced based on the building without the equipment and materials included in the setup.
The shop is located in a high-traffic area and is close to downtown Tyler. Please call the listing agent to schedule a private showing.
For buyers evaluating options, the current offering provides flexibility to acquire the turnkey operation or convert the building to an alternative configuration depending on what is included with the purchase.
The shop is located in a high-traffic area and is close to downtown Tyler. Please call the listing agent to schedule a private showing.
For buyers evaluating options, the current offering provides flexibility to acquire the turnkey operation or convert the building to an alternative configuration depending on what is included with the purchase.
Key Highlights
- Auto repair shop for sale with option to purchase with the full set‑up or building only
- Price is based without the set‑up and materials
- Located in a high‑traffic area near downtown Tyler
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
$30,117
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
7.09%
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%
$602,340
$602.3K
Cap Rate 7%
$430,243
$430.2K
Cap Rate 9%
$334,633
$334.6K
Market Conditions
NOI Build-Up for 2,585 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
$45.3K $17.52/SF
− Vacancy
−$2.3K −$0.88/SF
EGI
$43.0K $16.64/SF
− OpEx
−$12.9K −$4.99/SF
NOI
$30.1K $11.65/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$17.52 /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%
$602,340
Cap Rate 7%
$430,243
Cap Rate 9%
$334,633
Alternative Uses
Best Use
Retail
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$158.0K
$138.2K – $184.3K
NOI $11,059 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$577.0K
$504.8K – $673.1K
NOI $40,387 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 21%
Apparel 6%
Home Improvements & Furnishings 3%
Murphy USA
Shops & Services
26,016 visits/mo
0.5 miles
Wendy's
Dining
11,028 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,769 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
5,606 visits/mo
0.4 miles
Goodwill
Apparel
3,415 visits/mo
0.4 miles
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop offered for sale with option to purchase with setup or building only.
Where is this auto shop located?
The property is located at 216 E Front St Tyler, 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: Auto repair shop for sale with option to purchase with the full set‑up or building only; Price is based without the set‑up and materials; Located in a high‑traffic area near downtown Tyler
