Auto Shop with Paint
For Sale
Contact for pricing
6808 AVENUE L, Houston, TX 77011
Auto shop property with dedicated service work areas and a paint booth plus supporting office and storage space.
Property Size4,096 SF
Lot Size0.46 Acres
Price / SF$341.80
Days on Market107
Property Features for 6808 AVENUE L
General Information
Standard status
Active
Size
4,096 SF
Lot size
0.46 Acres
Property subtype
RETAIL
Additional Details
Business Included
Yes
Road Access
Yes
Amenities
paint booth
Building Details
Buildings
2
Listing Agency:
Coldwell Banker Commercial Universal
(832) 760-1733
Listed By:
Bridgett Badillo · License #0528145
(832) 288-1341
Source:
Moodyscre
Added: Jun 5
Changed: Sep 5
Last Checked: Sep 18 at 5:29AM
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 Universal
Investment Insights
Based on property information with market context.
1106 Wayside Drive (6808 Avenue L) is an established automotive service property on a prominent corner lot. The offering includes approximately 4,096 SF of warehouse/service space with dedicated work areas and a paint booth, along with supporting improvements for automotive operations.
The site is comprised of four combined lots totaling approximately 20,000 SF, providing room for continued use or future redevelopment. A separate freestanding trailer building adds flexibility and has previously been utilized as a car dealership office, which can also function as overflow office space, administrative space, or additional workspace.
The property is designed for practical automotive use and may appeal to an owner-user or investor seeking an operating location with existing service-focused improvements.
The site is comprised of four combined lots totaling approximately 20,000 SF, providing room for continued use or future redevelopment. A separate freestanding trailer building adds flexibility and has previously been utilized as a car dealership office, which can also function as overflow office space, administrative space, or additional workspace.
The property is designed for practical automotive use and may appeal to an owner-user or investor seeking an operating location with existing service-focused improvements.
Key Highlights
- Approximately 4,096 SF of warehouse/service space
- Dedicated work areas plus a paint booth
- Four combined lots totaling approximately 20,000 SF
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
$55,540
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
3.97%
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%
$1,110,800
$1.1M
Cap Rate 7%
$793,429
$793.4K
Cap Rate 9%
$617,111
$617.1K
Market Conditions
NOI Build-Up for 4,096 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
$84.0K $20.52/SF
− Vacancy
−$4.7K −$1.15/SF
EGI
$79.3K $19.37/SF
− OpEx
−$23.8K −$5.81/SF
NOI
$55.5K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /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%
$1,110,800
Cap Rate 7%
$793,429
Cap Rate 9%
$617,111
Alternative Uses
Best Use
Retail
$793.4K
$694.3K – $925.7K
NOI $55,540 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$329.9K
$288.7K – $384.9K
NOI $23,095 @ 7.0% cap · market cap 1.65%
Theoretical Best
Office A
$1.05M
$921.6K – $1.23M
NOI $73,728 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop property with dedicated service work areas and a paint booth plus supporting office and storage space.
Where is this auto shop located?
The property is located at 6808 AVENUE L Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 4,096 SF of warehouse/service space; Dedicated work areas plus a paint booth; Four combined lots totaling approximately 20,000 SF
