Operational Auto Shop
404 Texas Avenue Mart, TX 76664
404 Texas Avenue, Mart, TX, 76664
$324,900
For Sale
$324,900
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 Market966
Property Features for 404 Texas Avenue
General Information
- Standard status
- Active
- Size
- 3,125 SF
- Lot size
- 0.21 Acres
- Property subtype
- Retail
Listing agency
Keller Williams Realty, Waco
(254) 870-0050
Listed by
Brad Harrell · License #363789
(254) 870-0050
Source
Xome
Added: Nov 30, 2023 Updated: Jul 21 at 3:35PM Checked: Jul 23 at 4:07AM
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $7.76 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $22.7k | $7.27 |
| − OpEx | −$6.8k | −$2.18 |
| NOI | $15.9k | $5.09 |
3,125 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Mart Farm & Auto — 320 E Texas Ave, Mart, TX 76664
- Harold's Automotive LLC. — 120 S Commerce St, Mart, TX 76664
- Kubitza Tire & Auto — Mart, TX 76664
- Gerik Tire & Lube — 7290 TX-164, Mart, TX 76664
- Mart Paint & Body Shop — 600 W Texas Ave, Mart, TX 76664
FAQs
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
