Auto Shop with Office
For Sale
$400,000
301 E Dallas Street, Hutchins, TX 75141
CommercialSale, Hutchins, TX
Property Size3,344 SF
Lot Size0.41 Acres
Price / SF$119.62
Days on Market93
Property Features for 301 E Dallas Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LC-Buyer and buyer agent to perform their own due diligence to verify with city for uses and certificate of occupancy.
Subdivision
Hutchins Acreage Div 02
Directions
From I20 South on I45, Service rd exit 274 from I45 S ,turn right to Dallas st.
Standard status
Active
APN
30009500020330000
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
HUTCHINS ACREAGE BLK 2 TR 33 115X150
Tax Annual Amount
9525
Legal Description
HUTCHINS ACREAGE BLK 2 TR 33 115X150
Utilities
Sewer type
Public Sewer, Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
freight doors
bathroom
offices
balcony
Building Details
Year built
2013
Floors in Building
2
Number of units
1
Flooring type
Concrete, Laminate, Tile
Building materials
MetalSiding
Roof type
Asphalt, Mixed, Metal
Listing Agency:
CENTURY 21 Judge Fite Co. · Century 21 Real Estate
(972) 282-8888
Listed By:
Melix Bonilla · License #0485431
(214) 920-9611
Added: Jun 5
Changed: Sep 5
Last Checked: Sep 5 at 9:06PM
MLS# 21291702
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,344-square-foot commercial building occupies approximately 0.408 acres and is configured for automotive, industrial, service, or contractor operations. The property includes three ground-level freight doors, a full bathroom within the shop, two downstairs private offices, and an upstairs office with a balcony. Concrete, laminate, and tile flooring are present, with central and electric heating and cooling systems.
The site is in Hutchins with access to Hwy N I 45. A 2025 asphalt roof replacement is among the recent improvements. The paved yard provides space for parking and equipment storage, while the building is currently vacant. Public water service is available, and the structure was built in 2013.
The site is in Hutchins with access to Hwy N I 45. A 2025 asphalt roof replacement is among the recent improvements. The paved yard provides space for parking and equipment storage, while the building is currently vacant. Public water service is available, and the structure was built in 2013.
Key Highlights
- 3,344‑square‑foot building on approximately 0.408 acres
- Three ground‑level freight doors for shop and equipment access
- Two private downstairs offices plus an upstairs office with balcony
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
$17,335
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
4.33%
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%
$346,700
$346.7K
Cap Rate 7%
$247,643
$247.6K
Cap Rate 9%
$192,611
$192.6K
Market Conditions
NOI Build-Up for 3,344 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
$27.2K $8.12/SF
− Vacancy
−$2.4K −$0.71/SF
EGI
$24.8K $7.41/SF
− OpEx
−$7.4K −$2.22/SF
NOI
$17.3K $5.18/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /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%
$346,700
Cap Rate 7%
$247,643
Cap Rate 9%
$192,611
Alternative Uses
Best Use
Retail
$792.9K
$693.8K – $925.1K
NOI $55,505 @ 7.0% cap · market cap 13.88%
Second Best
Industrial
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 4.33%
Theoretical Best
Multifamily LT 5
$40.08M
$35.07M – $46.76M
NOI $2,805,835 @ 7.0% cap · market cap 701.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75141, TX
5,173
Population
1,431
Households
3.6
Avg Household Size
30
Median Age
8%
College-Educated
73%
High-School Grad
11.7 sq mi
ZIP Area
442
Density / Sq Mi
$45,474
Median Household Income
$29,586
Median Earnings
$1,370
Median Rent
$99,300
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Vacant facility with freight access, a shop-area bathroom, and dedicated office areas.
Where is this auto shop located?
The property is located at 301 E Dallas Street Hutchins, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3,344‑square‑foot building on approximately 0.408 acres; Three ground‑level freight doors for shop and equipment access; Two private downstairs offices plus an upstairs office with balcony
