7-Bay Auto
For Sale
$1,050,000
416 E Kennedale Parkway, Kennedale, TX 76060
Renovated commercial facility with grandfathered auto body use and lease agreements extending through mid-2026.
Property Size3,612 SF
Lot Size0.45 Acres
Price / SF$290.70
Days on Market40
Property Features for 416 E Kennedale Parkway
General Information
Standard status
Active
Size
3,612 SF
Lot size
0.45 Acres
Property subtype
Commercial
Zoning
Auto Care-Repair Garage Zoned OT-4 (Old
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,050,000
Service Bays
7
Amenities
upgraded electrical systems
remodeled bathrooms
office improvements
Building Details
Building Size
3,612 SF
Year Built
1981
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
OnDemand Realty
(817) 721-4589
Listed By:
Starria McLaughlin · License #0685236
(817) 721-4589
Source:
Cornerstonehomeandranch
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:30AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
The property includes a 3,612-square-foot building on a 0.445-acre lot, configured with seven bays for automotive operations. Auto body use is grandfathered, and lease agreements extend through mid-2026. Improvements completed in 2016 included electrical system upgrades, remodeled bathrooms, and office renovations. The property can continue serving an automotive function or be adapted for retail, restaurant, or office applications identified for the site.
Located at 416 E. Kennedale Parkway, the property is 0.5 miles from Kennedale Town Center and near I-20 and I-820. The site also includes parking and benefits from a reported daily traffic count of over 10,000 vehicles. Nearby businesses include Advance Auto Parts and Texaco.
Located at 416 E. Kennedale Parkway, the property is 0.5 miles from Kennedale Town Center and near I-20 and I-820. The site also includes parking and benefits from a reported daily traffic count of over 10,000 vehicles. Nearby businesses include Advance Auto Parts and Texaco.
Key Highlights
- 3,612‑square‑foot building on a 0.445‑acre lot
- Grandfathered auto body use
- Seven bays for automotive operations
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
$59,953
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
5.71%
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%
$1,199,060
$1.2M
Cap Rate 7%
$856,471
$856.5K
Cap Rate 9%
$666,144
$666.1K
Market Conditions
NOI Build-Up for 3,612 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
$90.2K $24.96/SF
− Vacancy
−$4.5K −$1.25/SF
EGI
$85.6K $23.71/SF
− OpEx
−$25.7K −$7.11/SF
NOI
$60.0K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$1,199,060
Cap Rate 7%
$856,471
Cap Rate 9%
$666,144
Alternative Uses
Best Use
Retail
$856.5K
$749.4K – $999.2K
NOI $59,953 @ 7.0% cap · market cap 5.71%
Second Best
Flex RnD
$566.7K
$495.9K – $661.1K
NOI $39,668 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,942 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
10,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moniz Enterprises Inc — 1113 Kennedale Pkwy, Kennedale, TX 76060
- Big Red Automotive — 1117 Kennedale Pkwy Bldg A, Kennedale, TX 76060
- Jazz Automotive Inc. — 1111 Kennedale Pkwy, Kennedale, TX 76060
- Oliver's Auto Clinic — 1117 Kennedale Pkwy Ste B, Kennedale, TX 76060
- Performance Transmissions — 917 Kennedale Pkwy, Kennedale, TX 76060
Frequently Asked Questions
What type of property is this?
Auto shop - Renovated commercial facility with grandfathered auto body use and lease agreements extending through mid-2026.
Where is this auto shop located?
The property is located at 416 E Kennedale Parkway Kennedale, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,612‑square‑foot building on a 0.445‑acre lot; Grandfathered auto body use; Seven bays for automotive operations
