2-Bay Automotive
New
For Sale
Contact for pricing
305 N Grants Lane, White Settlement, TX 76108
Includes a private office, two restrooms, an automotive lift, and some tools and equipment.
Property Size2,250 SF
Price / SF$0.84
Days on Market2
Property Features for 305 N Grants Lane
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Retail
Automotive
Service Bays
2
Automotive Uses
auto repair
Building Details
Year Built
1984
Listing Agency:
SUMMIT, REALTORS
(347) 878-2526
Listed By:
Bilal Omar · License #0672178
(817) 875-4596
Source:
Publicrealtytx
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:40AM
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 SUMMIT, REALTORS
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 2,250-square-foot automotive shop in White Settlement has a two-bay garage with two garage doors, a private office, and two restrooms. A 2-post automotive lift and some tools and equipment are included. The building was constructed in 1984.
The property is at 305 N Grants Lane, Suite A, in White Settlement, Texas. The space has a history of mechanic-shop use. Auto repair and other automotive-related services may be suitable, subject to City requirements.
The property is at 305 N Grants Lane, Suite A, in White Settlement, Texas. The space has a history of mechanic-shop use. Auto repair and other automotive-related services may be suitable, subject to City requirements.
Key Highlights
- 2,250‑square‑foot automotive shop
- Two‑bay garage with two garage doors
- Includes a 2‑post automotive lift and some tools and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,828
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,560
$256.6K
Cap Rate 7%
$183,257
$183.3K
Cap Rate 9%
$142,533
$142.5K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$20.3K $9.00/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$18.3K $8.15/SF
− OpEx
−$5.5K −$2.44/SF
NOI
$12.8K $5.70/SF
Area
ZIP 76108
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,560
Cap Rate 7%
$183,257
Cap Rate 9%
$142,533
Alternative Uses
Best Use
Retail
$516.7K
$452.1K – $602.8K
NOI $36,166 @ 7.0% cap · market cap 1,903.47%
Second Best
Industrial
$183.3K
$160.4K – $213.8K
NOI $12,828 @ 7.0% cap · market cap 675.16%
Theoretical Best
Office A
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 2,188.42%
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
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
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
- DPF Systems — 863 S Cherry Ln, Fort Worth, TX 76108
- Clements Automotive — 863 S Cherry Ln, White Settlement, TX 76108
- Superior Towing — 7804 Tacoma Dr, White Settlement, TX 76108
- Brothers auto repair — 700 S Cherry Ln, White Settlement, TX 76108
- Luster's Automotive — 809 s cherry ln, white settlement, tx 76108
Frequently Asked Questions
What type of property is this?
Auto shop - Includes a private office, two restrooms, an automotive lift, and some tools and equipment.
Where is this auto shop located?
The property is located at 305 N Grants Lane White Settlement, TX.
What are key features of this property?
This property features: 2,250‑square‑foot automotive shop; Two‑bay garage with two garage doors; Includes a 2‑post automotive lift and some tools and equipment
