Turnkey Car Dealership
2623 S Garland Avenue Garland, TX 75041
For Sale
$1,250,000
Fully equipped car dealership with office, storage, and service facilities.
Property Size4,486 SF
Lot Size0.42 Acres
Price / SF$278.64
Days on Market95
Property Features for 2623 S Garland Avenue
General Information
- Standard status
- Active
- Size
- 4,486 SF
- Lot size
- 0.42 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing Agency:
Ultima Real Estate
(214) 274-2525
Listed By:
Lorena Williamson · License #0515992
(214) 274-2525
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 24 at 5:09PM
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 Ultima Real Estate
Investment Insights
Based on property information with market context.
This property presents a car dealership opportunity with two addresses being sold together. The total building area is approximately 4,486 square feet on an approximately 0.42-acre lot (18,295.2 sq ft). The site is currently operating as a car dealership. The property includes a 1,710 sq ft office building with a restroom, suitable for customer service, sales, and administrative functions. There is also a 1,276 sq ft three-car garage storage area with a restroom, which can be used for inventory, detailing, or parts. A 1,500 sq ft mechanic shop is included in the sale, featuring its own office, restroom, and a two-car garage equipped with a lift. The mechanic shop is ideal for repairs, inspections, and value-added services. The on-site mechanic shop enables full-service dealership operations. The property has strategic location with access, visibility, and traffic flow.
Key Highlights
- Turnkey car dealership property, ready for immediate operation.
- Fully equipped 1500 sq ft mechanic shop with office, restroom, and two‑car garage with lift.
- Dedicated 1,710 sq ft office building ideal for sales and administration.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.2k | $24.12 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $103.1k | $22.99 |
| − OpEx | −$30.9k | −$6.90 |
| NOI | $72.2k | $16.09 |
4,486 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$902.3K – $1.20M
NOI $72,182 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,798 @ 7.0% cap · market cap 30.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Exclusive Automotive LLC
Car Dealership
Exclusive Cycles
Motorcycle Shop
Similar Off Market Nearby
- student rent a car — 3160 Saturn Rd, Garland, TX 75041
- Garland Car Rental — 2714 W Kingsley Rd, Garland, TX 75041
- Southern Automotive Group — 2534 W Kingsley Rd, Garland, TX 75041
- Galaviz Trailer Rental — 2905 S Shiloh Rd, Garland, TX 75041
- Bright Truck Leasing — 3115 Denton Dr, Garland, TX 75041
FAQs
What type of property is this?
Automotive property - Fully equipped car dealership with office, storage, and service facilities.
Where is this automotive property located?
The property is located at 2623 S Garland Avenue Garland, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turnkey car dealership property, ready for immediate operation.; Fully equipped 1500 sq ft mechanic shop with office, restroom, and two‑car garage with lift.; Dedicated 1,710 sq ft office building ideal for sales and administration.
