Auto Body Shop with Two
5-3 St S, Lometa, TX 76853
For Sale
$199,000
Former paint and body shop with two shop buildings and carport storage, offered as-is for automotive uses.
Property Size2,750 SF
Lot Size0.72 Acres
Price / SF$72.36
Days on Market427
Property Features for 5-3 St S
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Listing Agency:
Always Here Properties, Llc
(254) 768-0047
Listed By:
Danielle Tucker Shepard · License TX #0637756
(254) 383-0789
Source:
Exprealty
Added: Sep 9, 2025
Changed: Nov 9
Last Checked: Nov 8 at 9:49AM
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 Always Here Properties, Llc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a former paint and body shop designed for automotive work, with two separate shop buildings on the site. One building has a concrete slab floor, while the other has a dirt floor, providing two different options for business operations. Additional covered space is available through two carports, which can support storage and/or light vehicle parking. The sale is subject to exclusions noted in the remarks, and the property is offered as-is.
Located in Lometa, Texas, the site is positioned right off Highway 183, supporting straightforward access for customers and deliveries. The property is approximately 16 miles from Lampasas and about 20 miles from Goldthwaite.
Buyers or operators looking for an automotive-focused facility can evaluate this site for continuity with its existing shop setup, including two work areas and covered space for day-to-day needs. It may also appeal to users seeking flexible building configurations on one parcel. Please note that all contents in and around the buildings do not convey, and the white portable building does not convey.
Located in Lometa, Texas, the site is positioned right off Highway 183, supporting straightforward access for customers and deliveries. The property is approximately 16 miles from Lampasas and about 20 miles from Goldthwaite.
Buyers or operators looking for an automotive-focused facility can evaluate this site for continuity with its existing shop setup, including two work areas and covered space for day-to-day needs. It may also appeal to users seeking flexible building configurations on one parcel. Please note that all contents in and around the buildings do not convey, and the white portable building does not convey.
Key Highlights
- Former paint and body shop in Lometa, TX with two shop buildings for automotive use, sold as‑is.
- 0.718‑acre property located right off Hwy 183, offering convenient access and visibility.
- Shop building #1 features a 1,250 sq. ft. concrete slab floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,371
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,420
$347.4K
Cap Rate 7%
$248,157
$248.2K
Cap Rate 9%
$193,011
$193.0K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$26.4K $9.60/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$24.8K $9.02/SF
− OpEx
−$7.4K −$2.71/SF
NOI
$17.4K $6.32/SF
Area
Lampasas County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,420
Cap Rate 7%
$248,157
Cap Rate 9%
$193,011
Alternative Uses
Best Use
Retail
$467.3K
$408.9K – $545.2K
NOI $32,710 @ 7.0% cap · market cap 16.44%
Second Best
Industrial
$248.2K
$217.1K – $289.5K
NOI $17,371 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$660.5K
$578.0K – $770.6K
NOI $46,237 @ 7.0% cap · market cap 23.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lometa Gulf — 616 4th St, Lometa, TX 76853
- Doug's Garage & Lude — Lometa, TX 76853
- K&S Towing “Lometa,Tx. — 442 W Main St, Lometa, TX 76853
- Pegleg Automotive — 116 S First St, Lometa, TX 76853
- SAS Towing and Recovery Inc Lometa — 438 W Main St, Lometa, TX 76853
Frequently Asked Questions
What type of property is this?
Auto shop - Former paint and body shop with two shop buildings and carport storage, offered as-is for automotive uses.
Where is this auto shop located?
The property is located at 5-3 St S Lometa, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Former paint and body shop in Lometa, TX with two shop buildings for automotive use, sold as‑is.; 0.718‑acre property located right off Hwy 183, offering convenient access and visibility.; Shop building #1 features a 1,250 sq. ft. concrete slab floor.
