Automotive Property Behind Gated
For Sale
$1,690,000
330 Grapevine Highway, Hurst, TX 76054
Automotive property behind a gated wall with coded access, adjacent to Sprouts and Take 5 Oil Change.
Property Size8,784 SF
Days on Market58
Property Features for 330 Grapevine Highway
General Information
Standard status
Active
Size
8,784 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$34,152
Amenities
Central Air, Electric
Central, Electric
Additional Parking, Assigned, Carport, Covered, Garage, Garage Door Opener, Gated, Parking Lot
Building Details
Building Size
8,784 SF
Year Built
2000
Stories
1
Listing Agency:
The Cao Realty Group
(817) 896-0243
Listed By:
Martha Cao · License #0501784
(817) 896-0243
Source:
Evrealestate
Added: Jun 16
Changed: Aug 10
Last Checked: Aug 12 at 5:46AM
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 The Cao Realty Group
Investment Insights
Based on property information with market context.
This is an automotive-oriented commercial property offered for sale, positioned behind a gated wall with an access code for entry. The asset is located in a service-oriented area next to established automotive and retail uses, providing a practical setup for an operator seeking a secure, controlled-access site.
From Blvd 26, directions run via Cheek Sparger Rd W and Mid Cities Blvd, with an immediate right turn. The property is situated behind Take 5 Oil Change and adjacent to Sprouts, with access through the gated wall.
Given the property type and its automotive context, it can be well-suited for automotive-related businesses that want a location designed around service operations and controlled entry. Because the property is accessed through a gate with a code, it may also appeal to tenants or owners who prioritize secure access for employees, equipment, and daily operations.
From Blvd 26, directions run via Cheek Sparger Rd W and Mid Cities Blvd, with an immediate right turn. The property is situated behind Take 5 Oil Change and adjacent to Sprouts, with access through the gated wall.
Given the property type and its automotive context, it can be well-suited for automotive-related businesses that want a location designed around service operations and controlled entry. Because the property is accessed through a gate with a code, it may also appeal to tenants or owners who prioritize secure access for employees, equipment, and daily operations.
Key Highlights
- Automotive property behind a gated wall with access code for the gate
- Coded access location behind Take 5 Oil Change and adjacent to Sprouts
- Parking includes garage with door opener, carport, covered spaces, and additional assigned parking
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
$145,800
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
8.63%
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%
$2,916,000
$2.9M
Cap Rate 7%
$2,082,857
$2.1M
Cap Rate 9%
$1,620,000
$1.6M
Market Conditions
NOI Build-Up for 8,784 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
$219.2K $24.96/SF
− Vacancy
−$11.0K −$1.25/SF
EGI
$208.3K $23.71/SF
− OpEx
−$62.5K −$7.11/SF
NOI
$145.8K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$2,916,000
Cap Rate 7%
$2,082,857
Cap Rate 9%
$1,620,000
Alternative Uses
Best Use
Retail
$2.08M
$1.82M – $2.43M
NOI $145,800 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$707.6K
$619.1K – $825.5K
NOI $49,529 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,297 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
268k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Home Improvements & Furnishings 14%
Shops & Services 13%
Groceries 2%
The Home Depot
Home Improvements & Furnishings
37,644 visits/mo
0.5 miles
Rosa's Cafe
Dining
35,182 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
28,857 visits/mo
0.3 miles
Chick-fil-A
Dining
28,849 visits/mo
0.2 miles
IHOP
Dining
17,855 visits/mo
0.3 miles
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
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 - Automotive property behind a gated wall with coded access, adjacent to Sprouts and Take 5 Oil Change.
Where is this auto shop located?
The property is located at 330 Grapevine Highway Hurst, TX.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Automotive property behind a gated wall with access code for the gate; Coded access location behind Take 5 Oil Change and adjacent to Sprouts; Parking includes garage with door opener, carport, covered spaces, and additional assigned parking
