Two-Bay Auto Detail
For Sale
Contact for pricing
5705 Wellesley Ave, Fort Worth, TX 76107
Former mechanic shop currently operating as a two-bay detail shop with access via Horne Street.
Property Size1,014 SF
Price / SF$172.58
Days on Market107
Property Features for 5705 Wellesley Ave
General Information
Standard status
Active
Size
1,014 SF
Property subtype
RETAIL
Zoning
CB-TF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
2
Listing Agency:
Team & Vasseur Commercial Real Estate
(817) 335-7575
Listed By:
Philip Samples · License #553590
(214) 586-8584
Source:
Moodyscre
Added: Jul 9
Changed: Oct 9
Last Checked: Oct 20 at 10:36PM
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 Team & Vasseur Commercial Real Estate
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Investment Insights
Based on property information with market context.
5705 Wellesley Avenue is a functional two-bay auto shop currently operating as an auto detail shop. The property has been used as a mechanic shop and is offered with flexibility for other uses in accordance with the CB-TF zoning designation (contact the City of Fort Worth Zoning for more information).
The site is positioned south of Camp Bowie and I-30, with immediate access from Horne Street. It is located at the intersection of Horne Street and Wellesley Avenue, in an area characterized by retail and office uses.
For buyers or tenants seeking an automotive-oriented, accessible facility, this property’s configuration supports service and light garage-style operations within the constraints of the applicable zoning.
The site is positioned south of Camp Bowie and I-30, with immediate access from Horne Street. It is located at the intersection of Horne Street and Wellesley Avenue, in an area characterized by retail and office uses.
For buyers or tenants seeking an automotive-oriented, accessible facility, this property’s configuration supports service and light garage-style operations within the constraints of the applicable zoning.
Key Highlights
- Former mechanic shop currently operating as a two‑bay detail shop
- Access via Horne Street with immediate connectivity to Camp Bowie and I‑30
- Located at the intersection of Horne Street and Wellesley Avenue (5705 Wellesley Avenue)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,398
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,960
$128.0K
Cap Rate 7%
$91,400
$91.4K
Cap Rate 9%
$71,089
$71.1K
Market Conditions
NOI Build-Up for 1,014 SF
Gross rent
$10.1K $9.96/SF
− Vacancy
−$959 −$0.95/SF
EGI
$9.1K $9.01/SF
− OpEx
−$2.7K −$2.70/SF
NOI
$6.4K $6.31/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,960
Cap Rate 7%
$91,400
Cap Rate 9%
$71,089
Alternative Uses
Best Use
Retail
$232.8K
$203.7K – $271.7K
NOI $16,299 @ 7.0% cap · market cap 9.31%
Second Best
Industrial
$91.4K
$80.0K – $106.6K
NOI $6,398 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,784 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 76107, TX
31,591
Population
17,957
Households
1.8
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
10.7 sq mi
ZIP Area
2,952
Density / Sq Mi
$79,473
Median Household Income
$54,461
Median Earnings
$1,501
Median Rent
$431,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- HUBBS 24hr mobile Diesel Repair — 5713 Farnsworth Ave, Fort Worth, TX 76107
- Marquez Mobile Auto — 5433 Farnsworth Ave, Fort Worth, TX 76107
- Marquez Mobile Auto — Farnsworth Ave, Fort Worth, TX 76107
- Rust Oil Corporation — 6300 Ridglea Pl # 904, Fort Worth, TX 76116, United States
- Allegro Auto Glass — 5528 fletcher ave, fort worth, tx 76107
Frequently Asked Questions
What type of property is this?
Auto shop - Former mechanic shop currently operating as a two-bay detail shop with access via Horne Street.
Where is this auto shop located?
The property is located at 5705 Wellesley Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Former mechanic shop currently operating as a two‑bay detail shop; Access via Horne Street with immediate connectivity to Camp Bowie and I‑30; Located at the intersection of Horne Street and Wellesley Avenue (5705 Wellesley Avenue)
