Metal Auto Repair Building with Concrete
For Sale
$1,299,000
9718 State Highway 276, Royse City, TX 75189
COMMERCIAL - Royse City, TX
Property Size3,200 SF
Lot Size2.00 Acres
Price / SF$405.94
Days on Market97
Property Features for 9718 State Highway 276
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Real Commercial
Subdivision
Honeycreek Acres
Lot features
Acreage
Directions
Hwy 276 East to Rockwall Hunt County Line. Property is on the Northside of Hwy 276.
Standard status
Active
APN
18264
Lot size
2.00 Acres
Utilities
Sewer type
Aerobic Septic
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
2009
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Monument Realty
(214) 705-7827
Listed By:
Rick Johnson · License #0617656
(214) 705-7827
Added: May 15
Changed: Aug 12
Last Checked: Aug 19 at 5:06AM
MLS# 21267100
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,200-square-foot metal auto repair building was built in 2009 and is currently operating as an auto repair facility. The property includes metal siding, a metal roof, tile and concrete flooring, and electric heating and electric cooling. Site utilities include an aerobic septic system.
The property sits on 2 acres and features a large concrete pad behind the existing building that is already prepared for an additional structure or future expansion. The location is at the Rockwall County line on State Highway 276, with accessibility and visibility for passing traffic. TxDOT reports a daily traffic count of 13,594 vehicles, supporting strong exposure for a range of commercial uses.
With the existing shop and prepared pad area, the site is positioned for continued automotive service operations or adaptation to other commercial uses that benefit from highway frontage and available on-site space.
The property sits on 2 acres and features a large concrete pad behind the existing building that is already prepared for an additional structure or future expansion. The location is at the Rockwall County line on State Highway 276, with accessibility and visibility for passing traffic. TxDOT reports a daily traffic count of 13,594 vehicles, supporting strong exposure for a range of commercial uses.
With the existing shop and prepared pad area, the site is positioned for continued automotive service operations or adaptation to other commercial uses that benefit from highway frontage and available on-site space.
Key Highlights
- 3,200‑square‑foot metal auto repair building currently operating
- Built in 2009 with metal roof and metal siding
- 2 acres with a large concrete pad behind the building for additional structure or expansion
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
$53,115
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
4.09%
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%
$1,062,300
$1.1M
Cap Rate 7%
$758,786
$758.8K
Cap Rate 9%
$590,167
$590.2K
Market Conditions
NOI Build-Up for 3,200 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
$79.9K $24.96/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$75.9K $23.71/SF
− OpEx
−$22.8K −$7.11/SF
NOI
$53.1K $16.60/SF
Area
Rockwall 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%
$1,062,300
Cap Rate 7%
$758,786
Cap Rate 9%
$590,167
Alternative Uses
Best Use
Retail
$758.8K
$663.9K – $885.3K
NOI $53,115 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$238.1K
$208.4K – $277.8K
NOI $16,670 @ 7.0% cap · market cap 1.28%
Theoretical Best
Hotel Hospitality
$2.41M
$2.11M – $2.81M
NOI $168,720 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13,594 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75189, TX
37,777
Population
15,331
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
344
Density / Sq Mi
$118,105
Median Household Income
$56,979
Median Earnings
$2,133
Median Rent
$336,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Swift Auto Care — 9718 tx-276, royse city, tx 75189
- A.C.E Tire shop — 6491 TX-276, Royse City, TX 75189
- Swift Auto Repair and Towing — 9718 TX-276, Royse City, TX 75189
- Swift Towing — 9718 TX-276 #2, Royse City, TX 75189
- Southwest Car Care — 6443 TX-276, Royse City, TX 75189
Frequently Asked Questions
What type of property is this?
Auto shop - Metal auto repair building on 2 acres with aerobic septic, electric HVAC, and a ready concrete pad behind for expansion.
Where is this auto shop located?
The property is located at 9718 State Highway 276 Royse City, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3,200‑square‑foot metal auto repair building currently operating; Built in 2009 with metal roof and metal siding; 2 acres with a large concrete pad behind the building for additional structure or expansion
