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 Market61
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: Aug 22
Last Checked: Sep 7 at 7:54AM
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
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 = 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
$6,398
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
3.66%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Explore this area
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
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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- 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)
