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    11424 Garland Rd Dallas, TX 75218

    Sponsored
    For Sale
    $3,200,000

    High-Cap Rate Auto Restoration Business

    Property size:
    11,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, 11,638 square foot Class B auto shop in Dallas, Texas. The property, located at 11424 Garland Rd, consists of two single-story buildings totaling 11,638 net rentable square feet on a 45,634 square foot lot. The property includes 7,200 square feet of existing office and garage space, complemented by a recently constructed 4,438 square foot addition featuring a paint booth. The business boasts a strong track record, serving a global clientele with high-quality automotive restoration services. Currently operating under a 5-year NNN lease with a remaining term of 5 years, the property offers a 7.00% cap rate and a substantial net operating income (NOI) of $224,082. Recent renovations in 2022 and 2024 further enhance the property's value and appeal. This sale-leaseback opportunity provides a secure investment with significant upside potential in a thriving Dallas market. The property is offered at an asking price of $3,200,000. The buildings are situated on a large lot, providing ample space for future expansion or additional development. This is a rare chance to acquire a well-established, high-performing business in a prime location.

    Property Features for 11424 Garland Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    11,638 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • 45,634 SF site.
    • 11,638 SF building; includes 7,200 SF existing office/garage and 4,438 SF new garage with paint booth.
    • Established automotive restoration business with global clientele.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Mark ... Insurance Agency Raylee Automotive & Sales Auto Repair Shop Titan Collision & Auto ... Auto Body Shop Maupin Metal formerly ... Auto Upholsterer Maupin Metal - Auto ... Auto Restoration Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.68218985
    Latitude
    32.84864255

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    FAQs

    What type of property is this?
    Automotive property - High-Cap Rate Auto Restoration Business
    Where is this automotive property located?
    The property is located at 11424 Garland Rd Dallas, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 45,634 SF site.; 11,638 SF building; includes 7,200 SF existing office/garage and 4,438 SF new garage with paint booth.; Established automotive restoration business with global clientele.
    Request Owner's contact information
    11424 Garland Rd Dallas, TX 75218
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    Dallas, TX 75218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11424 Garland Rd Dallas, TX 75218
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