Gated Event & Auto
700 E Main Street Richland, TX 76681
700 E Main Street, Richland, TX, 76681
$1,100,000
For Sale
$1,100,000
Secure, fully gated 5-acre site with a renovated climate-controlled building for offices, restrooms, and event venue uses.
Property Size6,454 SF
Lot Size5.00 Acres
Price / SF$170.44
Days on Market91
Property Features for 700 E Main Street
General Information
- Standard status
- Active
- Size
- 6,454 SF
- Lot size
- 5.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing agency
OnDemand Realty
Listed by
Tyler Demando
Source
Signaturere
Added: Apr 22 Updated: Jul 21 at 3:04AM Checked: Jul 21 at 3:04AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
For sale with seller financing available, this secured, fully gated 5-acre commercial property offers a climate-controlled 6,454-square-foot building with offices and restrooms. The seller notes the property can accommodate a range of automotive and event-oriented uses, including auto sales, auto repair, auction services, and event space.
The site is positioned along the Interstate 45 corridor between Dallas and Houston, with convenient on-and-off access intended to support visibility. The building was recently renovated in 2023 for use as an event venue and includes a stage, audio equipment, a full commercial kitchen, and bathrooms. HVAC was replaced in 2024.
The site is positioned along the Interstate 45 corridor between Dallas and Houston, with convenient on-and-off access intended to support visibility. The building was recently renovated in 2023 for use as an event venue and includes a stage, audio equipment, a full commercial kitchen, and bathrooms. HVAC was replaced in 2024.
Key Highlights
- Secure, fully gated 5‑acre commercial property with convenient on‑and‑off access along the I‑45 corridor between Dallas and Houston
- 6,454 SF climate‑controlled building with offices and restrooms, suited for multiple commercial uses
- Renovated in 2023 for event venue use, including a stage and audio equipment
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $10.08 |
| − Vacancy | −$5.9k | −$0.92 |
| EGI | $59.1k | $9.16 |
| − OpEx | −$17.7k | −$2.75 |
| NOI | $41.4k | $6.41 |
6,454 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,956 @ 7.0% cap · market cap 9.81%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,126 @ 7.0% cap · market cap 9.74%
Theoretical Best
Multifamily LT 5
$70.90M
$62.04M – $82.72M
NOI $4,963,276 @ 7.0% cap · market cap 451.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Mike & Son's Transmission — 202 W Lamar St, Richland, TX 76681
- American Tire Truck and Trailer Repair,Llc. — 306 Austin Ave, Richland, TX 76681
- AG KUSTOMZ LLC — 796 SW Co Rd 2340, Richland, TX 76681
FAQs
What type of property is this?
Auto shop - Secure, fully gated 5-acre site with a renovated climate-controlled building for offices, restrooms, and event venue uses.
Where is this auto shop located?
The property is located at 700 E Main Street Richland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Secure, fully gated 5‑acre commercial property with convenient on‑and‑off access along the I‑45 corridor between Dallas and Houston; 6,454 SF climate‑controlled building with offices and restrooms, suited for multiple commercial uses; Renovated in 2023 for event venue use, including a stage and audio equipment
