Auto Shop with Paint
For Sale
$1,200,000
5320 W Parkway St, Groves, TX 77619
Heated downdraft booths and a dedicated mixing room support collision repair and refinishing operations.
Property Size9,600 SF
Lot Size0.43 Acres
Price / SF$125
Days on Market237
Property Features for 5320 W Parkway St
General Information
Standard status
Active
Size
9,600 SF
Lot size
0.43 Acres
Additional Details
Utilities to Site
Yes
Amenities
downdraft paint booths
sealed mixing room
fiber-reinforced concrete slab
overhead doors
3-phase power
natural gas
Building Details
Buildings
1
Listing Agency:
RE/MAX ONE
Listed By:
Ryan Harrington · License #0558472
(409) 673-3513
Source:
Exprealty
Added: Feb 19
Changed: Oct 8
Last Checked: Oct 12 at 10:04PM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This auto shop comprises +/-9,600 SF on roughly 0.429 of an acre and is configured for collision repair and vehicle refinishing. The layout includes a reception area, private office, two restrooms, two shop areas, a sealed mixing room, and two fully heated downdraft paint booths. Fiber-reinforced concrete slab construction serves the work areas.
Access is provided by five 14-foot overhead doors, two 10-foot overhead doors, and a 10-foot interior door connecting the shop areas. The facility is equipped with 3-phase power and natural gas. Located at 5320 W Parkway St in Groves, Texas, the property offers an established physical setup for automotive repair and refinishing use.
Access is provided by five 14-foot overhead doors, two 10-foot overhead doors, and a 10-foot interior door connecting the shop areas. The facility is equipped with 3-phase power and natural gas. Located at 5320 W Parkway St in Groves, Texas, the property offers an established physical setup for automotive repair and refinishing use.
Key Highlights
- +/-9,600 SF facility on roughly 0.429 of an acre
- Two fully heated downdraft paint booths
- Sealed mixing room for refinishing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,862
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,240
$977.2K
Cap Rate 7%
$698,029
$698.0K
Cap Rate 9%
$542,911
$542.9K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$74.5K $7.76/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$69.8K $7.27/SF
− OpEx
−$20.9K −$2.18/SF
NOI
$48.9K $5.09/SF
Area
Jefferson County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,240
Cap Rate 7%
$698,029
Cap Rate 9%
$542,911
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,334 @ 7.0% cap · market cap 12.78%
Second Best
Industrial
$698.0K
$610.8K – $814.4K
NOI $48,862 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$107.86M
$94.38M – $125.84M
NOI $7,550,202 @ 7.0% cap · market cap 629.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
209k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 30%
Home Improvements & Furnishings 2%
Hotels & Casinos 1%
McDonald's
Dining
34,219 visits/mo
0.4 miles
Chick-fil-A
Dining
28,590 visits/mo
0.1 miles
Starbucks
Dining
20,941 visits/mo
0.2 miles
Raceway
Shops & Services
16,985 visits/mo
0.3 miles
Taco Bell
Dining
13,031 visits/mo
0.4 miles
Demographics for 77619, TX
17,349
Population
6,885
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
3,213
Density / Sq Mi
$70,485
Median Household Income
$43,314
Median Earnings
$1,247
Median Rent
$153,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Chuck's Transmissions — 4300 Sheppard Ave, Port Arthur, TX 77642
- Manceaux's Automatic Transmission Service — 4300 Sheppard Ave, Port Arthur, TX 77642
- Modica Bros Tire & Wheel Center — 3348 Twin City Hwy, Groves, TX 77619
- Corona Speed Shop — 000059239, Groves, TX 77619
- Firestone Complete Auto Care — 3500 Twin City Hwy, Groves, TX 77619
Frequently Asked Questions
What type of property is this?
Auto shop - Heated downdraft booths and a dedicated mixing room support collision repair and refinishing operations.
Where is this auto shop located?
The property is located at 5320 W Parkway St Groves, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: +/-9,600 SF facility on roughly 0.429 of an acre; Two fully heated downdraft paint booths; Sealed mixing room for refinishing operations
