Multi-Building Automotive Shop
For Sale
Contact for pricing
3378 STATE HWY 103 W, Lufkin, TX 75904
Four shop buildings combine garage bays, wash areas, equipment, and dedicated office space.
Property Size7,308 SF
Price / SF$88.94
Days on Market105
Property Features for 3378 STATE HWY 103 W
General Information
Standard status
Active
Size
7,308 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Automotive
Service Bays
7
Car Wash Bays
1
Amenities
insulated
ventilated paint room
wood flooring
mini-split system
bathroom
kitchenette
store space
car lot office
Building Details
Year Built
1990
Buildings
5
Units
1
Tenancy
Single
Listing Agency:
Gann Medford Real Estate Inc
(936) 465-8811
Listed By:
Abby Todd · License #TX 589597
Source:
Crexi
Added: May 20
Changed: Aug 31
Last Checked: Aug 30 at 5:01PM
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 Gann Medford Real Estate Inc
Investment Insights
Based on property information with market context.
Located at 3378 State Highway 103 W in Lufkin, this automotive property includes four separate shop buildings and additional office and store areas. The buildings provide varied configurations, including a 40x60 insulated shop with wash bays, a 50x100 facility with a four-bay garage, ventilated paint room, air compressor, and frame machine, plus a three-bay garage with another air compressor and three car lifts. A 20x30 insulated shop adds a wash bay with water and electricity.
The property also contains a 30x12 car lot office with wood flooring and a mini-split system, along with store space featuring a bathroom and kitchenette. The first shop is leased month-to-month. Built in 1990, the improvements offer established automotive-service infrastructure across multiple buildings.
The property also contains a 30x12 car lot office with wood flooring and a mini-split system, along with store space featuring a bathroom and kitchenette. The first shop is leased month-to-month. Built in 1990, the improvements offer established automotive-service infrastructure across multiple buildings.
Key Highlights
- Four separate shop buildings plus office and store space
- 50x100 facility with four‑bay garage, ventilated paint room, air compressor, and frame machine approximately 3 years old
- 40x60 insulated shop with wash bays; currently leased month‑to‑month
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
$36,194
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
5.57%
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%
$723,880
$723.9K
Cap Rate 7%
$517,057
$517.1K
Cap Rate 9%
$402,156
$402.2K
Market Conditions
NOI Build-Up for 7,308 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
$58.8K $8.04/SF
− Vacancy
−$7.1K −$0.96/SF
EGI
$51.7K $7.08/SF
− OpEx
−$15.5K −$2.12/SF
NOI
$36.2K $4.95/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /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%
$723,880
Cap Rate 7%
$517,057
Cap Rate 9%
$402,156
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,989 @ 7.0% cap · market cap 15.23%
Second Best
Office B
$1.35M
$1.18M – $1.58M
NOI $94,546 @ 7.0% cap · market cap 14.55%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,175 @ 7.0% cap · market cap 22.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Arturo's Paint & Body Shop — 3290 TX-103, Lufkin, TX 75904
- Cut Rate Tire & Auto — 3924 TX-103 W, Lufkin, TX 75904
- Hoeck's cars Maintenance & Repair — 471 Sundale St, Lufkin, TX 75904
Frequently Asked Questions
What type of property is this?
Auto shop - Four shop buildings combine garage bays, wash areas, equipment, and dedicated office space.
Where is this auto shop located?
The property is located at 3378 STATE HWY 103 W Lufkin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four separate shop buildings plus office and store space; 50x100 facility with four‑bay garage, ventilated paint room, air compressor, and frame machine approximately 3 years old; 40x60 insulated shop with wash bays; currently leased month‑to‑month
