Corner Auto Shop
For Sale
Contact for pricing
335 SHELDON RD, Channelview, TX 77530
Hard-corner commercial property positioned one block from Interstate 10 with visibility from the freeway.
Property Size5,600 SF
Lot Size0.41 Acres
Price / SF$124.11
Days on Market1294
Property Features for 335 SHELDON RD
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.41 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
5,600 SF
Listing Agency:
RE/MAX East
(281) 948-3975
Listed By:
Cary Stephens · License #229106
(281) 948-3975
Source:
Moodyscre
Added: Jan 24, 2023
Changed: Aug 10
Last Checked: Aug 10 at 6:39AM
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 RE/MAX East
Investment Insights
Based on property information with market context.
This auto shop property includes a 5,600-square-foot building on 17,859 square feet of land. The site is positioned at the hard corner of Sheldon Road and Langcart and is identified by the addresses 333 and 335 Sheldon Road.
The property sits one block from Interstate 10 and can be seen from the interstate. The operating business known as Spiller’s Automotive & Machine is also available separately from the real estate.
The property sits one block from Interstate 10 and can be seen from the interstate. The operating business known as Spiller’s Automotive & Machine is also available separately from the real estate.
Key Highlights
- 5,600‑square‑foot auto shop building
- 17,859 square feet of land
- Hard corner at Sheldon Road and Langcart
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
$48,018
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
6.91%
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%
$960,360
$960.4K
Cap Rate 7%
$685,971
$686.0K
Cap Rate 9%
$533,533
$533.5K
Market Conditions
NOI Build-Up for 5,600 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
$73.9K $13.20/SF
− Vacancy
−$5.3K −$0.95/SF
EGI
$68.6K $12.25/SF
− OpEx
−$20.6K −$3.67/SF
NOI
$48.0K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /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%
$960,360
Cap Rate 7%
$685,971
Cap Rate 9%
$533,533
Alternative Uses
Best Use
Retail
$950.5K
$831.7K – $1.11M
NOI $66,538 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$686.0K
$600.2K – $800.3K
NOI $48,018 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,036 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77530, TX
35,319
Population
10,579
Households
3.3
Avg Household Size
30
Median Age
14%
College-Educated
69%
High-School Grad
13.8 sq mi
ZIP Area
2,559
Density / Sq Mi
$64,151
Median Household Income
$36,279
Median Earnings
$1,131
Median Rent
$170,600
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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- Marine Systems, Inc — 16239 De Zavalla Rd, Channelview, TX 77530
Frequently Asked Questions
What type of property is this?
Auto shop - Hard-corner commercial property positioned one block from Interstate 10 with visibility from the freeway.
Where is this auto shop located?
The property is located at 335 SHELDON RD Channelview, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,600‑square‑foot auto shop building; 17,859 square feet of land; Hard corner at Sheldon Road and Langcart
