Automotive Repair Facility with Vehicle
For Sale
Contact for pricing
308 West Avenue B, Garland, TX 75040
Includes renovated office areas, service infrastructure, and rear land that may support an approved expansion.
Property Size13,500 SF
Lot Size0.77 Acres
Price / SF$155.56
Days on Market11
Property Features for 308 West Avenue B
General Information
Standard status
Active
Size
13,500 SF
Total Parking Spaces
27
Lot size
0.77 Acres
Property subtype
Retail, Land, Special Purpose
Additional Details
Asking Price
$2,100,000
Service Bays
7
Amenities
high ceilings
pole signage
shelving
rear storage/overflow space
newly renovated office space
multiple offices
lobby/reception areas
3 restrooms
9 grade-level garage doors
Building Details
Buildings
1
Listing Agency:
D&B Brokerage
Listed By:
Mani Raveendran · License #9010247
(469) 451-6330
Source:
Crexi
Added: Sep 17
Changed: Sep 26
Last Checked: Sep 26 at 7:01AM
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 D&B Brokerage
Investment Insights
Based on property information with market context.
This automotive repair property contains approximately 13,500 SF on about 0.77 acres, with 7 vehicle lifts and 9 grade-level garage doors. High ceilings and roughly 27 parking spaces serve the facility, while pole signage, shelving, and rear storage or overflow space add to the existing setup. Renovated office space includes multiple offices, lobby and reception areas, and 3 restrooms.
The property is at 308 West Avenue B in Garland, Texas. Its major automotive repair use is described as grandfathered; continued operation and any requirements for a new owner or tenant should be confirmed with the City of Garland. Additional land behind the building may allow expansion or commercial development, subject to City approval. The building's configuration may accommodate more than one user, subject to verification and applicable approvals.
The property is at 308 West Avenue B in Garland, Texas. Its major automotive repair use is described as grandfathered; continued operation and any requirements for a new owner or tenant should be confirmed with the City of Garland. Additional land behind the building may allow expansion or commercial development, subject to City approval. The building's configuration may accommodate more than one user, subject to verification and applicable approvals.
Key Highlights
- Approximately 13,500 SF automotive facility on about 0.77 acres
- 7 vehicle lifts and 9 grade‑level garage doors
- Approximately 27 parking spaces
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
$85,180
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
4.06%
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%
$1,703,600
$1.7M
Cap Rate 7%
$1,216,857
$1.2M
Cap Rate 9%
$946,444
$946.4K
Market Conditions
NOI Build-Up for 13,500 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
$134.5K $9.96/SF
− Vacancy
−$12.8K −$0.95/SF
EGI
$121.7K $9.01/SF
− OpEx
−$36.5K −$2.70/SF
NOI
$85.2K $6.31/SF
Area
Garland, TX
Vacancy
9.50%
Lease Rate
$9.96 /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%
$1,703,600
Cap Rate 7%
$1,216,857
Cap Rate 9%
$946,444
Alternative Uses
Best Use
Retail
$3.10M
$2.72M – $3.62M
NOI $217,221 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,180 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$16.20M
$14.17M – $18.90M
NOI $1,133,922 @ 7.0% cap · market cap 54.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Service bays
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Burger King
Dining
6,973 visits/mo
0.5 miles
Exxon
Shops & Services
5,766 visits/mo
0.4 miles
Valero Energy
Shops & Services
4,709 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
2,022 visits/mo
0.5 miles
SUBWAY
Dining
1,540 visits/mo
0.5 miles
Demographics for 75040, TX
64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Includes renovated office areas, service infrastructure, and rear land that may support an approved expansion.
Where is this auto shop located?
The property is located at 308 West Avenue B Garland, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 13,500 SF automotive facility on about 0.77 acres; 7 vehicle lifts and 9 grade‑level garage doors; Approximately 27 parking spaces
