Equipped Auto Repair
For Sale
$225,000
417 E 8th Street, Mission, TX 78572
Operational automotive service property with included equipment, secured storage, customer office, and paved parking.
Property Size3,000 SF
Price / SF$75
Days on Market249
Property Features for 417 E 8th Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,239
Amenities
storage room
office
Window Air Conditioning
3
Parking.
6 Parking Spaces. Paved Driveway, On Street.
Downtown, City Road, Paved Road.
Building Details
Year Built
2023
Listing Agency:
Star Realty Group, Llc
(956) 534-0761
Listed By:
Hermila (Mila) Villarreal
(956) 534-0761
Source:
Xome
Added: Dec 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:32PM
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 Star Realty Group, Llc
Investment Insights
Based on property information with market context.
This 3,000-square-foot automotive repair facility was built in 2023 and is offered with existing shop equipment. Improvements include vehicle lifts, diagnostic tools, specialized suspension tools, and a storage room for equipment requiring secure access. A customer-facing office is also part of the layout, and window air conditioning is provided.
The property is situated in downtown Mission along a city road with paved access. Parking includes six spaces, supplemented by on-street parking, with a paved driveway serving the site. The existing configuration combines service, storage, customer, and administrative areas within an operating auto repair setting.
The property is situated in downtown Mission along a city road with paved access. Parking includes six spaces, supplemented by on-street parking, with a paved driveway serving the site. The existing configuration combines service, storage, customer, and administrative areas within an operating auto repair setting.
Key Highlights
- 3,000‑square‑foot auto repair facility built in 2023
- Existing shop equipment includes lifts, diagnostic tools, and specialized suspension tools
- Storage room for equipment requiring secure access
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
$15,787
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
7.02%
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%
$315,740
$315.7K
Cap Rate 7%
$225,529
$225.5K
Cap Rate 9%
$175,411
$175.4K
Market Conditions
NOI Build-Up for 3,000 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
$24.1K $8.04/SF
− Vacancy
−$1.6K −$0.52/SF
EGI
$22.6K $7.52/SF
− OpEx
−$6.8K −$2.26/SF
NOI
$15.8K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /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%
$315,740
Cap Rate 7%
$225,529
Cap Rate 9%
$175,411
Alternative Uses
Best Use
Retail
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 18.00%
Second Best
Industrial
$225.5K
$197.3K – $263.1K
NOI $15,787 @ 7.0% cap · market cap 7.02%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 70.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Operational automotive service property with included equipment, secured storage, customer office, and paved parking.
Where is this auto shop located?
The property is located at 417 E 8th Street Mission, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,000‑square‑foot auto repair facility built in 2023; Existing shop equipment includes lifts, diagnostic tools, and specialized suspension tools; Storage room for equipment requiring secure access
