Building Details

Year Built 1993

Buildings 1

Listing Agency: Coldwell Banker Commercial - Alamo City

Listed By: Josh Pond · License #832064

Source: Crexi

Added: Feb 19 Changed: Aug 17 Last Checked: Aug 23 at 3:43PM

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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 Coldwell Banker Commercial - Alamo City

Investment Insights

Based on property information with market context.

This turn-key automotive/industrial property offers immediate operational readiness. The purchase price includes two new auto lifts and industrial-grade air/water systems. Situated in a strategic location within the Texas Triangle, it is 40 miles south of San Antonio and less than two hours from the Austin/Tesla gigafactory corridor. The corner lot configuration at Hwy 181 & Plainview Dr allows for up to three separate business entities or addresses on a single half-acre parcel. Flexible owner financing options are available. The property has historically been utilized as a primary residence, offering the potential for live-work arrangements with low-cost residential utility rates averaging $45–$100/month for electricity. It features 3,850 square feet of floor space, along with a dedicated, climate-controlled 18-wheeler trailer box suitable for storing high-value inventory. This property presents opportunities for automotive, retail, flex space, industrial, live-work, and office uses.

Key Highlights

• Turn‑key automotive/industrial opportunity with included auto lifts and industrial‑grade air/water systems.
• Strategic location 40 miles south of San Antonio and under 2 hours from Austin/Tesla Gigafactory.
• Triple‑address potential on a corner lot (Hwy 181 & Plainview Dr) for multiple business entities.

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

$51,537

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

6.88%

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%

$1,030,740 $1.0M

Cap Rate 7%

$736,243 $736.2K

Cap Rate 9%

$572,633 $572.6K

Market Conditions

NOI Build-Up for 3,850 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

$76.7K $19.92/SF

− Vacancy

−$3.1K −$0.80/SF

EGI

$73.6K $19.12/SF

− OpEx

−$22.1K −$5.74/SF

NOI

$51.5K $13.39/SF

Area

Wilson County, TX

Vacancy

4.00%

Lease Rate

$19.92 /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%

$1,030,740

Cap Rate 7%

$736,243

Cap Rate 9%

$572,633

Alternative Uses

Best Use

Retail

$736.2K

$644.2K – $859.0K (±1% cap)

NOI $51,537 @ 7.0% cap · market cap 6.88%

Second Best

Industrial

$329.2K

$288.0K – $384.0K (±1% cap)

NOI $23,042 @ 7.0% cap · market cap 3.08%

Theoretical Best

Office A

$982.1K

$859.3K – $1.15M (±1% cap)

NOI $68,745 @ 7.0% cap · market cap 9.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78147, TX

1,825

Population

643

Households

2.8

Avg Household Size

38

Median Age

17%

College-Educated

89%

High-School Grad

3.5 sq mi

ZIP Area

521

Density / Sq Mi

$72,961

Median Household Income

$44,786

Median Earnings

$1,120

Median Rent

$194,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Automotive/Industrial property with flexible owner financing and live-work capability.

Where is this auto shop located?

The property is located at 601 S Storts St Poth, TX.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Turn‑key automotive/industrial opportunity with included auto lifts and industrial‑grade air/water systems.; Strategic location 40 miles south of San Antonio and under 2 hours from Austin/Tesla Gigafactory.; Triple‑address potential on a corner lot (Hwy 181 & Plainview Dr) for multiple business entities.