Auto Shop with Roll-Up
New
For Sale
$700,000
8983 W Odneal Road, Krum, TX 76249
Improved commercial property with a dedicated shop, additional structures, and flexible live-work potential outside city limits.
Property Size1,762 SF
Lot Size5.00 Acres
Days on Market3
Property Features for 8983 W Odneal Road
General Information
Standard status
Active
Size
1,762 SF
Lot size
5.00 Acres
Property subtype
Commercial
Zoning
County -No zoning requirements
Additional Details
Utilities to Site
Yes
Clear Height
12 ft
Amenities
roll-up doors
cement floor
water
electric
Building Details
Building Size
1,762 SF
Year Built
1987
Stories
1
Units
1
Listing Agency:
Stag Residential
(940) 400-7824
Listed By:
Lisa McEntire · License #0575860
Source:
Signaturere
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 5:19AM
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 Stag Residential
Investment Insights
Based on property information with market context.
This 5-acre property includes a 30' x 50' x 12' shop with two roll-up doors, electrical service, and a cement floor. Two homes are also situated on the property and may provide additional office or storage areas. A separate unfinished structure has water and electric service, offering another adaptable improvement. The property was built in 1987.
Located outside city limits, the site is identified as having no county zoning requirements and no deed restrictions. Land behind the existing improvements provides additional space for future construction or expansion. The combination of an equipped shop, multiple structures, and substantial land supports a range of commercial and live-work configurations, subject to applicable requirements.
Located outside city limits, the site is identified as having no county zoning requirements and no deed restrictions. Land behind the existing improvements provides additional space for future construction or expansion. The combination of an equipped shop, multiple structures, and substantial land supports a range of commercial and live-work configurations, subject to applicable requirements.
Key Highlights
- 5‑acre property outside city limits
- 30' x 50' x 12' shop with two roll‑up doors
- Shop includes electrical service and a cement floor
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
$29,246
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
4.18%
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%
$584,920
$584.9K
Cap Rate 7%
$417,800
$417.8K
Cap Rate 9%
$324,956
$325.0K
Market Conditions
NOI Build-Up for 1,762 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
$44.0K $24.96/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$41.8K $23.71/SF
− OpEx
−$12.5K −$7.11/SF
NOI
$29.2K $16.60/SF
Area
Denton 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 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%
$584,920
Cap Rate 7%
$417,800
Cap Rate 9%
$324,956
Alternative Uses
Best Use
Retail
$417.8K
$365.6K – $487.4K
NOI $29,246 @ 7.0% cap · market cap 4.18%
Second Best
Office B
$350.0K
$306.3K – $408.4K
NOI $24,501 @ 7.0% cap · market cap 3.50%
Theoretical Best
Multifamily LT 5
$24.64M
$21.56M – $28.75M
NOI $1,724,839 @ 7.0% cap · market cap 246.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76249, TX
9,411
Population
3,375
Households
2.8
Avg Household Size
36
Median Age
33%
College-Educated
93%
High-School Grad
71.1 sq mi
ZIP Area
132
Density / Sq Mi
$111,263
Median Household Income
$51,788
Median Earnings
$1,703
Median Rent
$304,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ward's Body Shop — 9831 FM1173, Krum, TX 76249
Frequently Asked Questions
What type of property is this?
Auto shop - Improved commercial property with a dedicated shop, additional structures, and flexible live-work potential outside city limits.
Where is this auto shop located?
The property is located at 8983 W Odneal Road Krum, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5‑acre property outside city limits; 30' x 50' x 12' shop with two roll‑up doors; Shop includes electrical service and a cement floor
