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    1408 W American Boulevard Muleshoe, TX 79347

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    Claim this Listing
    For Sale
    $350,000

    COMMERCIAL - Muleshoe, TX

    Property size:
    2,160 SF
    Lot size:
    2.24 Acres
    Added:
    Dec 11, 2025
    Days on Market:
    122
    Last Refresh:
    Apr 12 at 3:06 am

    Property Features for 1408 W American Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security Lighting
    Fencing
    Gate, Chain Link
    Standard status
    Active
    APN
    12442
    Size
    2,160 SF
    Lot size
    2.24 Acres

    Taxes and HOA fees

    Tax Description
    A300b Wd&Fw Johnson Section 40, Block Y, Tract Out Of Sw4 City (Improvement Only)
    Tax Annual Amount
    6638

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1979
    Flooring type
    Concrete
    Building materials
    Block, Concrete, Metal Siding, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Patty Hartline

    Listing agent Patty Hartline License #0642074

    Listing office Prime Home Real Estate LLC 1807 W. Ave I, Muleshoe, TX

    Listing date Dec 11, 2025

    MLS# 202564086

    Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Car Wash Business Opportunity

    This established car wash business, successful for over 30 years, is available for purchase. The property is situated on a 2.24-acre lot with highway frontage and features high visibility on a main thoroughfare. The car wash includes 4 self-service wash bays and 2 automated wash bays equipped with both touchless and brush systems. An office space and multiple vacuum cleaner stations are available for customer convenience. Integrated Touch 4 application technology rewards loyal customers. Comprehensive video monitoring is installed throughout the facilities. The property also offers the option to purchase a dog wash station, an ice/water vending unit, a metal office building, a metal insulated storage/workshop, and an RV storage facility accommodating 14 vehicles, complete with electricity and a clean-out station. This turnkey operation combines modern technology with a long-standing reputation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Muleshoe
    County
    Bailey
    State
    Texas
    Longitude
    -102.737743
    Latitude
    34.234054

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    FAQs

    What type of property is this?
    Car wash - Successful car wash business for sale on 2.24 acres.
    Where is this car wash located?
    The property is located at 1408 W American Boulevard Muleshoe, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established car wash business with a 30+ year track record of success.; High‑visibility location on a main thoroughfare with exceptional traffic.; Rare 2.24‑acre property with highway frontage.
    (806) 702-1424
    We can help!
    Listing Contact
    Patty Hartline
    Real Estate License ID: 0642074
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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