Operational Auto Shop
For Sale
$324,900
404 Texas Avenue, Mart, TX 76664
Fully equipped auto shop building with customer parking and visibility along Texas Avenue.
Property Size3,125 SF
Lot Size0.21 Acres
Price / SF$103.97
Days on Market1143
Property Features for 404 Texas Avenue
General Information
Standard status
Active
Size
3,125 SF
Lot size
0.21 Acres
Property subtype
Retail
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,321
Amenities
Central Air
C
Paved Driveway, Carport.
City Road, Community Maintenance.
Listing Agency:
Keller Williams Realty, Waco
(254) 751-7900
Listed By:
Brad Harrell · License #363789
(254) 870-0050
Source:
Xome
Added: Jul 23, 2023
Changed: Sep 1
Last Checked: Sep 6 at 5:24AM
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 Keller Williams Realty, Waco
Investment Insights
Based on property information with market context.
This fully operational auto shop is currently operating as Kubitza Tire & Auto and offers a commercial building well set up for automotive services. The sale includes the equipment, supporting an owner-operator setup or use by a new business requiring shop-ready functionality. The building provides ample workspace and is configured to support customer access with customer parking.
The property is located at 404 Texas Avenue in Mart, Texas, on a 0.21-acre lot. It benefits from visibility along a well-traveled Texas Avenue.
If you’re looking for a turn-key automotive facility with existing shop improvements and equipment included, this property presents a straightforward path to continued operations or a tailored automotive service layout.
The property is located at 404 Texas Avenue in Mart, Texas, on a 0.21-acre lot. It benefits from visibility along a well-traveled Texas Avenue.
If you’re looking for a turn-key automotive facility with existing shop improvements and equipment included, this property presents a straightforward path to continued operations or a tailored automotive service layout.
Key Highlights
- Fully equipped commercial auto shop currently operating as Kubitza Tire & Auto
- ±2,950 SF commercial building on a 0.21‑acre lot
- Zoned C
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
$15,906
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
4.90%
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%
$318,120
$318.1K
Cap Rate 7%
$227,229
$227.2K
Cap Rate 9%
$176,733
$176.7K
Market Conditions
NOI Build-Up for 3,125 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
$24.3K $7.76/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$22.7K $7.27/SF
− OpEx
−$6.8K −$2.18/SF
NOI
$15.9K $5.09/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /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%
$318,120
Cap Rate 7%
$227,229
Cap Rate 9%
$176,733
Alternative Uses
Best Use
Retail
$604.7K
$529.1K – $705.5K
NOI $42,329 @ 7.0% cap · market cap 13.03%
Second Best
Industrial
$227.2K
$198.8K – $265.1K
NOI $15,906 @ 7.0% cap · market cap 4.90%
Theoretical Best
Multifamily LT 5
$38.93M
$34.06M – $45.42M
NOI $2,725,090 @ 7.0% cap · market cap 838.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CEFCO
Shops & Services
13,134 visits/mo
0.3 miles
Dollar General
Shops & Services
5,113 visits/mo
0.1 miles
Sunoco
Shops & Services
2,488 visits/mo
0.1 miles
Valero Energy
Shops & Services
1,727 visits/mo
0.3 miles
Demographics for 76664, TX
3,269
Population
1,292
Households
2.5
Avg Household Size
39
Median Age
12%
College-Educated
88%
High-School Grad
132.6 sq mi
ZIP Area
25
Density / Sq Mi
$72,600
Median Household Income
$42,750
Median Earnings
$919
Median Rent
$133,800
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
- Gerik Tire & Lube — 7290 TX-164, Mart, TX 76664
- Mart Paint & Body Shop — 600 W Texas Ave, Mart, TX 76664
- Harold's Automotive LLC. — 120 S Commerce St, Mart, TX 76664
- Mart Farm & Auto — 320 E Texas Ave, Mart, TX 76664
- Kubitza Tire & Auto — Mart, TX 76664
Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped auto shop building with customer parking and visibility along Texas Avenue.
Where is this auto shop located?
The property is located at 404 Texas Avenue Mart, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Fully equipped commercial auto shop currently operating as Kubitza Tire & Auto; ±2,950 SF commercial building on a 0.21‑acre lot; Zoned C
