17341 Little York RdHouston, TX 77084

Property Details for 17341 Little York Rd

Year built

2003

Construction

METAL FRAME

Lot size

1.29 AC

Property size (Sq ft)

7,657 SF

Property type

Auto shops

APN

1250050010001

APU

1250050010001

Description

This exceptional investment opportunity presents a thriving auto service business and building located at 17341 W Little York Rd, Houston, TX 77084, in Harris County. Priced at $3,300,000, this owner-user property boasts a substantial 1.29-acre lot and offers a compelling 9.15% cap rate with a Net Operating Income (NOI) of $301,962. The property includes a building valued at $945,000 and land appraised at $750,000, along with a business valuation of $1,100,000. The business generates a gross income of $754,907 and includes approximately $200,000 in readily available cash. Operational expenses include approximately $500 monthly for electricity and $200 monthly for water. The property also features three income-generating rental spaces, each bringing in $2,500 per month for parts and car storage, plus additional income from a front entrance bay ($1,000-$1,500). Eight forklifts (a mix of 2-4 leg and 2-6 leg models) are included. The roof has not been replaced since 2003, and a new AC unit would cost approximately $7,500. The business employs four W2 employees and one cash employee. Seller financing is available at 8% interest with a $500,000 down payment. This turnkey operation presents a rare chance to acquire a profitable, established business with significant growth potential. The price per square foot is $58.73.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.865

Longitude

-95.672

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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