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    Automotive Shops with On-Site Home Title is generated by Realmo AI

    3974 Texas 11 E, Sulphur Springs, TX 75482

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    Claim this Listing
    For Sale
    $519,900

    COMMERCIAL - Sulphur Springs, TX

    Property size:
    1,417 SF
    Lot size:
    8.75 Acres
    Price / SF:
    $366/SF
    Added:
    Apr 8, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 3974 Texas 11 E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV, Garage, Oversize, Carport
    Standard status
    Active
    APN
    R000018493
    Size
    1,417 SF
    Lot size
    8.75 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 8.750 ABS: 693 TR: 14-02 SUR: NACOGDOC
    Tax Annual Amount
    5676

    Utilities

    Sewer type
    Aerobic Septic, Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Electric, Central Air

    Building Details

    Year built
    1949
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete, Hardwood, Vinyl
    Building materials
    MetalSiding, WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls

    Listing agent Carrie Chase Nuckolls License #0508822

    Listing office Century 21 First Group Sulphur Springs, TX

    Listing date Apr 8, 2026

    MLS# 21130981

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8.34‑acre property with Hwy 11 road frontage and no zoning restrictions
    • Older 65x45 shop currently outfitted as an auto body facility, with office, storage, work areas, and a half bath
    • 30x30 detached metal garage workshop with two oversized roll‑up doors and lofted storage, plus a full bathroom inside
    • 3 bed, 2 bath remodeled home for on‑site living or potential rental/office use
    • Kitchen features two sinks, granite counters, and stainless steel appliances; open living room to kitchen and dining
    • On‑site wastewater: septic tank and aerobic septic; HVAC includes central air and central/electric heating

    Overview

    The property includes two separate shop buildings plus a recently remodeled 3-bedroom, 2-bath home, creating a versatile setup for owner-operators or investors. The shop closest to the highway is an older 65-by-45 structure currently outfitted as an auto body facility, with a layout that separates office, storage, and work areas, and includes a half bath. A second 30-by-30 detached metal garage workshop sits nearer the home and features two oversized roll-up doors tall enough for large vehicles, a lofted storage area, and a full bathroom inside the shop.

    With 8.34 acres and road frontage along Hwy 11, the site offers notable visibility and easy access for service and retail concepts. The property also states there are no zoning restrictions, giving operators flexibility to build out to suit or add additional rental income over time, while remaining near town at approximately 2 miles.

    This configuration fits a range of uses, including multi-department automotive and service operations, fabrication or manufacturing-style work, or entrepreneurial ventures that need substantial workspace and on-site support. The on-site residence can serve as convenient living, employee housing, an office conversion option, or a rental component, depending on how the property is developed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.567
    Latitude
    33.1779

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    FAQs

    What type of property is this?
    Auto shop - Two automotive shops and a recently remodeled residence offer flexible workspace with highway visibility and strong build-out potential.
    Where is this auto shop located?
    The property is located at 3974 Texas 11 E Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: 8.34‑acre property with Hwy 11 road frontage and no zoning restrictions; Older 65x45 shop currently outfitted as an auto body facility, with office, storage, work areas, and a half bath; 30x30 detached metal garage workshop with two oversized roll‑up doors and lofted storage, plus a full bathroom inside
    (903) 885-3146
    We can help!
    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls
    Real Estate License ID: 0508822
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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