Established Automotive Business For
8328 FM2673 Canyon Lake, TX 78133
For Sale
Contact for pricing
Operating automotive mechanic shop with real estate and equipment included.
Property Size3,040 SF
Lot Size0.55 Acres
Price / SF$213.82
Days on Market952
Property Features for 8328 FM2673
General Information
- Standard status
- Active
- Size
- 3,040 SF
- Lot size
- 0.55 Acres
- Property subtype
- Retail
Listing Agency:
Keller Williams Realty Heritage
(210) 823-8611
Listed By:
Mark Hampton · License #TX 464012
Source:
Crexi
Added: Dec 14, 2023
Changed: Jul 6
Last Checked: Jul 23 at 11:27AM
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 Keller Williams Realty Heritage
Investment Insights
Based on property information with market context.
The property at 8328 FM 2673, also known as T-Car, is an established automotive mechanic shop situated on 0.552 acres, comprising two lots. The property includes a building of over 2400 square feet. The sale encompasses the business, the real estate, and most of the equipment. Located near the intersections of FM 3159 and Startz Road, the building features five bays with front and rear entries. The bays are equipped with either a 2-post or a 4-post lift. One bay includes a 4-post Hunter Alignment rack and machine. The floor plan incorporates an office area, restroom, and a breakroom. The shop is set up with an oil distribution and recovery system, featuring a 250-gallon oil tank, a 100-gallon diesel oil tank, and a detached building with a 500-gallon used oil recovery system. A 2007 Grand Junction RV is also included, which is currently leased by a tenant.
Key Highlights
- Established automotive mechanic shop (T‑CAR) business, real estate, and equipment included in the sale.
- Prime location near FM 3159 and Startz Road intersections.
- Over 2400 sqft building featuring 5 bays with front and rear entries and multiple lifts (2‑post and 4‑post).
Financial Insights For Retail
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 | $60.6k | $19.92 |
| − Vacancy | −$2.4k | −$0.80 |
| EGI | $58.1k | $19.12 |
| − OpEx | −$17.4k | −$5.74 |
| NOI | $40.7k | $13.39 |
3,040 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$581.3K
$508.7K – $678.2K
NOI $40,694 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$259.9K
$227.4K – $303.2K
NOI $18,194 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$775.5K
$678.5K – $904.7K
NOI $54,282 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Hillview Garage — 7735 FM2673, Canyon Lake, TX 78133
- Quality finish solutions — 2185 Old Sattler Rd, Canyon Lake, TX 78133
- Car Locks Canyon Lake TX — 8565 FM2673, Canyon Lake, TX 78133
- Jumpstart My Car Canyon Lake TX — 897 lexington pass, canyon lake, tx 78623
- Hillview Automotive — 7735 fm2673, canyon lake, tx 78133
FAQs
What type of property is this?
Auto shop - Operating automotive mechanic shop with real estate and equipment included.
Where is this auto shop located?
The property is located at 8328 FM2673 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Established automotive mechanic shop (T‑CAR) business, real estate, and equipment included in the sale.; Prime location near FM 3159 and Startz Road intersections.; Over 2400 sqft building featuring 5 bays with front and rear entries and multiple lifts (2‑post and 4‑post).
