Towing and Recovery Auto
5950 Reno Drive, Reno, TX 75462
For Sale
New
$6,500,000
The sale combines an active towing and recovery company, its fleet and equipment, and two commercial properties in Texas.
Property Size11,825 SF
Price / SF$549.68
Days on Market5
Property Features for 5950 Reno Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Automotive Uses
Parking Facility Type
Amenities
remodeled office
multiple shop areas
two open bays
four enclosed bays with roll-up doors
resurfaced restriped parking
upgraded lighting
additional fencing
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
United Country Altaterra Realt
(903) 438-2585
Listed By:
Kimberly Ross · License #0668511
(903) 491-6797
Source:
Beallandcompanyrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 United Country Altaterra Realt
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering pairs an operating towing and recovery business with two commercial properties in Reno and Clarksville, Texas. The company operates as Pitcock Wrecker Service and Ace Wrecker Service, with employees, equipment, established business names and operating facilities. Services include towing, accident recovery, roadside assistance, impound and vehicle storage. The Reno site includes an office, dispatch area, shop space and secured vehicle yard. Improvements include a remodeled office, two open bays, four enclosed bays with roll-up doors, upgraded lighting and added fencing.
The Reno property comprises 8.294± acres at 5950 Lamar Road, east of Paris along US Highway 82. Its vehicle-storage area has reported capacity for approximately 400 vehicles. The Clarksville property covers approximately 20± acres on US Highway 82 and reportedly accommodates approximately 145 vehicles, with additional room to expand. The company has served Northeast Texas since 1985 and participates in agency towing rotations, subject to agency approval and applicable requirements.
The Reno property comprises 8.294± acres at 5950 Lamar Road, east of Paris along US Highway 82. Its vehicle-storage area has reported capacity for approximately 400 vehicles. The Clarksville property covers approximately 20± acres on US Highway 82 and reportedly accommodates approximately 145 vehicles, with additional room to expand. The company has served Northeast Texas since 1985 and participates in agency towing rotations, subject to agency approval and applicable requirements.
Key Highlights
- Operating towing and recovery business includes fleet, equipment, employees and established business names
- Reno property: 8.294± acres with reported storage capacity for approximately 400 vehicles
- Clarksville property: approximately 20± acres, reported storage for approximately 145 vehicles, and room to expand
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,276
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,925,520
$3.9M
Cap Rate 7%
$2,803,943
$2.8M
Cap Rate 9%
$2,180,844
$2.2M
Market Conditions
NOI Build-Up for 11,825 SF
Gross rent
$295.2K $24.96/SF
− Vacancy
−$14.8K −$1.25/SF
EGI
$280.4K $23.71/SF
− OpEx
−$84.1K −$7.11/SF
NOI
$196.3K $16.60/SF
Area
Lamar County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,925,520
Cap Rate 7%
$2,803,943
Cap Rate 9%
$2,180,844
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $196,276 @ 7.0% cap · market cap 3.02%
Second Best
Industrial
$862.3K
$754.5K – $1.01M
NOI $60,362 @ 7.0% cap · market cap 0.93%
Theoretical Best
Hotel Hospitality
$8.91M
$7.79M – $10.39M
NOI $623,473 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75462, TX
12,016
Population
4,717
Households
2.5
Avg Household Size
43
Median Age
29%
College-Educated
90%
High-School Grad
192.7 sq mi
ZIP Area
62
Density / Sq Mi
$72,576
Median Household Income
$41,284
Median Earnings
$961
Median Rent
$226,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Auto shop - The sale combines an active towing and recovery company, its fleet and equipment, and two commercial properties in Texas.
Where is this auto shop located?
The property is located at 5950 Reno Drive Reno, TX.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Operating towing and recovery business includes fleet, equipment, employees and established business names; Reno property: 8.294± acres with reported storage capacity for approximately 400 vehicles; Clarksville property: approximately 20± acres, reported storage for approximately 145 vehicles, and room to expand
