Auto Body Shop with Two
For Sale
$250,000
5-3 St S, Lometa, TX 76853
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$90.91
Days on Market333
Property Features for 5-3 St S
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.72 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Always Here Properties, Llc
(254) 383-0789
Listed By:
Danielle Tucker Shepard · License #0637756
(254) 383-0789
Source:
Exprealty
Added: Sep 10, 2025
Changed: Jul 10
Last Checked: Aug 8 at 9:31AM
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
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 = 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
$17,371
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
6.95%
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%
$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
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
$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 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%
$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 13.08%
Second Best
Industrial
$248.2K
$217.1K – $289.5K
NOI $17,371 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$660.5K
$578.0K – $770.6K
NOI $46,237 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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 $250,000.
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.
