Second-Generation Auto Repair
For Sale
Contact for pricing
3504 E FM 528 RD, Friendswood, TX 77546
2,400± SF auto repair and oil change facility with three drive-through bays and two oil change pits on FM 528.
Property Size2,400 SF
Price / SF$343.75
Days on Market57
Property Features for 3504 E FM 528 RD
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Additional Details
Service Bays
3
Building Details
Year Built
1996
Stories
1
Units
1
Listing Agency:
Young Capital Partners LLC
Listed By:
Trey Young · License #TX 400382
(281) 630-3233
Source:
Crexi
Added: Jul 11
Changed: Aug 27
Last Checked: Sep 2 at 7:04PM
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 Young Capital Partners LLC
Investment Insights
Based on property information with market context.
This second-generation auto repair and oil change facility offers approximately 2,400± SF of automotive service space configured around three drive-through service bays. Two of the bays include existing oil change pits, supporting quick-lube style work while also accommodating general repair activities, inspections, and related automotive service operations.
The property is located on a highly traveled FM 528 corridor in Friendswood, TX, with frontage and convenient ingress and egress for customer access.
With its drive-through layout and oil change pit infrastructure, the building is positioned for a range of automotive-related uses (subject to municipal approval), including auto repair, tire services, brake service, and fleet maintenance.
The property is located on a highly traveled FM 528 corridor in Friendswood, TX, with frontage and convenient ingress and egress for customer access.
With its drive-through layout and oil change pit infrastructure, the building is positioned for a range of automotive-related uses (subject to municipal approval), including auto repair, tire services, brake service, and fleet maintenance.
Key Highlights
- 2,400± SF second‑generation auto repair and oil change facility in Friendswood, TX
- Three drive‑through service bays designed for automotive service operations
- Two service bays include existing oil change pits for quick‑lube style service
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
$32,318
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
3.92%
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%
$646,360
$646.4K
Cap Rate 7%
$461,686
$461.7K
Cap Rate 9%
$359,089
$359.1K
Market Conditions
NOI Build-Up for 2,400 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
$49.0K $20.40/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$46.2K $19.24/SF
− OpEx
−$13.9K −$5.77/SF
NOI
$32.3K $13.47/SF
Area
Galveston County, TX
Vacancy
5.70%
Lease Rate
$20.40 /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%
$646,360
Cap Rate 7%
$461,686
Cap Rate 9%
$359,089
Alternative Uses
Best Use
Retail
$461.7K
$404.0K – $538.6K
NOI $32,318 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$174.5K
$152.7K – $203.6K
NOI $12,215 @ 7.0% cap · market cap 1.48%
Theoretical Best
Multifamily LT 5
$26.91M
$23.54M – $31.39M
NOI $1,883,529 @ 7.0% cap · market cap 228.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77546, TX
54,670
Population
19,600
Households
2.8
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
27.2 sq mi
ZIP Area
2,010
Density / Sq Mi
$121,914
Median Household Income
$67,580
Median Earnings
$1,689
Median Rent
$354,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Auto Magician — 3732 FM 528 Rd, Friendswood, TX 77546
- Orange Auto Repair & Lube — 3504 FM 528 Rd, Friendswood, TX 77546
- Nami Mobile Window Tint — 3366 FM 528 Rd, Friendswood, TX 77546
- Ron Carter Careers — 3205 fm 528 rd, alvin, tx 77511
- Friendswood Mobile Tire Service (Mobile Only) — 3348 FM 528 Rd, Friendswood, TX 77546
Frequently Asked Questions
What type of property is this?
Auto shop - 2,400± SF auto repair and oil change facility with three drive-through bays and two oil change pits on FM 528.
Where is this auto shop located?
The property is located at 3504 E FM 528 RD Friendswood, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,400± SF second‑generation auto repair and oil change facility in Friendswood, TX; Three drive‑through service bays designed for automotive service operations; Two service bays include existing oil change pits for quick‑lube style service
