Automotive Property with Highway
For Sale
$1,299,000
59 Shawnee Trl, Whitesboro, TX 76273
Multiple buildings and a residential structure support automotive, equipment, storage, and service-oriented operations.
Property Size9,580 SF
Price / SF$135.59
Days on Market168
Property Features for 59 Shawnee Trl
General Information
Standard status
Active
Size
9,580 SF
Property subtype
Commercial
Site & Location
Traffic Count
12,716 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, industrial, mixed-use
Amenities
shop
garage
sheds
home
Building Details
Year Built
2020
Listing Agency:
RE/MAX FIRST REALTY
(940) 665-0376
Listed By:
Virginia Capps (940) 665-0376 · License #0724351
Source:
Findtexashomesforsale
Added: Mar 14
Changed: Aug 28
Last Checked: Aug 25 at 6:26AM
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 FIRST REALTY
Investment Insights
Based on property information with market context.
This automotive property on Hwy 377 includes multiple buildings, sheds, a shop, a garage, and a residential structure. The improvements provide space for vehicle service, equipment, storage, parking, or related operations. The home may also support owner use, employee accommodations, or rental income.
The property is located approximately one-half mile from Hwy 82 and near the Hwy 82 and Hwy 377 interchange. Hwy 377 frontage and reported traffic of 12,716 AADT provide direct corridor exposure. Nearby towing, diesel, automotive, service, industrial, and rock-crushing operations contribute to an established commercial setting.
Potential applications identified for the site include towing, mechanical work, contractor operations, fleet services, fabrication, heavy-equipment repair, diesel or semi-truck service, and automotive sales. The property is located at 59 Shawnee Trail in Whitesboro, Texas.
The property is located approximately one-half mile from Hwy 82 and near the Hwy 82 and Hwy 377 interchange. Hwy 377 frontage and reported traffic of 12,716 AADT provide direct corridor exposure. Nearby towing, diesel, automotive, service, industrial, and rock-crushing operations contribute to an established commercial setting.
Potential applications identified for the site include towing, mechanical work, contractor operations, fleet services, fabrication, heavy-equipment repair, diesel or semi-truck service, and automotive sales. The property is located at 59 Shawnee Trail in Whitesboro, Texas.
Key Highlights
- Hwy 377 frontage with reported traffic of 12,716 AADT
- Approximately one‑half mile from Hwy 82
- Near the Hwy 82 and Hwy 377 interchange
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
$49,906
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
3.84%
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%
$998,120
$998.1K
Cap Rate 7%
$712,943
$712.9K
Cap Rate 9%
$554,511
$554.5K
Market Conditions
NOI Build-Up for 9,580 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
$78.2K $8.16/SF
− Vacancy
−$6.9K −$0.72/SF
EGI
$71.3K $7.44/SF
− OpEx
−$21.4K −$2.23/SF
NOI
$49.9K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /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%
$998,120
Cap Rate 7%
$712,943
Cap Rate 9%
$554,511
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $159,013 @ 7.0% cap · market cap 12.24%
Second Best
Industrial
$712.9K
$623.8K – $831.8K
NOI $49,906 @ 7.0% cap · market cap 3.84%
Theoretical Best
Hotel Hospitality
$4.91M
$4.30M – $5.73M
NOI $344,018 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,716 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Golden Chick
Dining
6,610 visits/mo
0.5 miles
Demographics for 76273, TX
9,857
Population
4,182
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
206.9 sq mi
ZIP Area
48
Density / Sq Mi
$80,244
Median Household Income
$41,441
Median Earnings
$1,171
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Ford Service — 1003 us-82, whitesboro, tx 76273
- Reed's Diesel Services — 192 Anderson Rd, Whitesboro, TX 76273
- Holiday Ford Service — 1003 US-82, Whitesboro, TX 76273
- Marc's Trailer Repair — 1008 Hwy 377 N, Whitesboro, TX 76273
- Happy Dave's Auto Sales — 59 Shawnee Trail W, Whitesboro, TX 76273
Frequently Asked Questions
What type of property is this?
Auto shop - Multiple buildings and a residential structure support automotive, equipment, storage, and service-oriented operations.
Where is this auto shop located?
The property is located at 59 Shawnee Trl Whitesboro, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Hwy 377 frontage with reported traffic of 12,716 AADT; Approximately one‑half mile from Hwy 82; Near the Hwy 82 and Hwy 377 interchange
