Auto Repair Shop
For Sale
Contact for pricing
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
Price / SF$164.41
Days on Market988
Property Features for 216 E Front St
General Information
Standard status
Active
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: Oct 26
Last Checked: Nov 1 at 4:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$30,117
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- iaw diagnostics and repair — 707 S Broadway Ave #7, Tyler, TX 75701
- Tyler Towing's Service — 747 S Beckham Ave, Tyler, TX 75701
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
