Auto Repair Shop with Bay
For Sale
$750,000
7903 Traders Circle, Greenville, TX 75402
Auto repair shop with six 10x10 bay doors, two lifts, and fenced yard for service and storage operations.
Property Size2,925 SF
Days on Market101
Property Features for 7903 Traders Circle
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,925 SF
Year Built
1998
Units
1
Listing Agency:
CENTURY 21 Upchurch Real Estate
(972) 977-2501
Listed By:
Tonya Sanders · License #0587303
(972) 977-2501
Source:
Vickiesteam
Added: May 16
Changed: Aug 23
Last Checked: Aug 23 at 5:22AM
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 CENTURY 21 Upchurch Real Estate
Investment Insights
Based on property information with market context.
This long-standing auto repair shop includes a 65 x 45 building built to support ongoing operations and potential expansion. The shop is equipped with six 10 x 10 bay doors, a 7,000 lb lift, a 9,000 lb lift, and a 60-gallon air compressor. Most tools are included, with a few exceptions. Interior space features an 11 x 17 office, an 11 x 11 break room, a 6 x 11 full bath, and a parts storage area.
The property is located just off I-30 and Traders Road, with a paved front lot designed to provide parking. The back portion of the property is fenced, adding practical separation for storage or equipment staging.
The overall configuration supports a full-service repair use, with dedicated bay access, on-site work capacity via the lifts and compressor, and functional support rooms for staff.
The property is located just off I-30 and Traders Road, with a paved front lot designed to provide parking. The back portion of the property is fenced, adding practical separation for storage or equipment staging.
The overall configuration supports a full-service repair use, with dedicated bay access, on-site work capacity via the lifts and compressor, and functional support rooms for staff.
Key Highlights
- Long‑standing auto repair shop operating since 1998, with location just off I‑30 and Traders Road
- 65 x 45 shop building designed for expansion, featuring six 10 x 10 bay doors
- Includes two lifts: a 7,000 lb lift and a 9,000 lb lift
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
$47,065
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
6.28%
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%
$941,300
$941.3K
Cap Rate 7%
$672,357
$672.4K
Cap Rate 9%
$522,944
$522.9K
Market Conditions
NOI Build-Up for 2,925 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
$70.6K $24.12/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$67.2K $22.99/SF
− OpEx
−$20.2K −$6.90/SF
NOI
$47.1K $16.09/SF
Area
Hunt County, TX
Vacancy
4.70%
Lease Rate
$24.12 /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%
$941,300
Cap Rate 7%
$672,357
Cap Rate 9%
$522,944
Alternative Uses
Best Use
Industrial
$2.91M
$2.54M – $3.39M
NOI $203,452 @ 7.0% cap · market cap 27.13%
Second Best
Retail
$672.4K
$588.3K – $784.4K
NOI $47,065 @ 7.0% cap · market cap 6.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
327k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 33%
Shops & Services 20%
Home Improvements & Furnishings 11%
Walmart
Superstores
108,435 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
35,255 visits/mo
0.4 miles
McDonald's
Dining
28,764 visits/mo
0.3 miles
Murphy USA
Shops & Services
21,430 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
21,405 visits/mo
0.5 miles
Demographics for 75402, TX
18,983
Population
8,024
Households
2.4
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
90.8 sq mi
ZIP Area
209
Density / Sq Mi
$77,602
Median Household Income
$46,076
Median Earnings
$1,414
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop with six 10x10 bay doors, two lifts, and fenced yard for service and storage operations.
Where is this auto shop located?
The property is located at 7903 Traders Circle Greenville, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Long‑standing auto repair shop operating since 1998, with location just off I‑30 and Traders Road; 65 x 45 shop building designed for expansion, featuring six 10 x 10 bay doors; Includes two lifts: a 7,000 lb lift and a 9,000 lb lift
