Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Self-Service Car Wash Opportunity Title is generated by Realmo AI

    223 Oaklawn Drive, Corsicana, TX 75110

    View on Map
    Claim this Listing
    For Sale
    $449,000

    COMMERCIAL - Corsicana, TX

    Property size:
    2,112 SF
    Lot size:
    0.71 Acres
    Price / SF:
    $212/SF
    Added:
    May 27, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 223 Oaklawn Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    32757
    Size
    2,112 SF
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Description
    C0000 CORSICANA BLK 319G LOT 1-A 0.71 ACRES
    Tax Annual Amount
    3379

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Laura Smith

    Listing agent Laura Smith License #0645005

    Listing office Keller Williams Lonestar DFW Arlington, TX

    Listing date May 27, 2026

    MLS# 21279207

    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.

    HighLights

    • Self‑service car wash on Oaklawn Dr in Corsicana with 6 wash bays and 4 vacuum bays
    • Approx. 0.71‑acre site includes additional storage building and small office space on‑site
    • Built in 1985 with brick construction, concrete flooring, and a metal roof
    • Public water and public sewer service available
    • 6 wash bays and 4 vacuum bays support a fully operational self‑service setup

    Overview

    This self-service car wash is an established investment opportunity designed around a practical customer flow. The property includes six wash bays and four vacuum bays, along with a small office space and an additional storage building on site. The current configuration supports efficient operation and everyday use for self-serve customers.

    Located on busy Oaklawn Drive in Corsicana, the site benefits from strong visibility in a high-traffic area. The property is positioned near residential neighborhoods and retail, supporting steady demand from surrounding customers.

    For investors or entrepreneurs, this offering presents a turnkey option with an existing operating setup and room to refine or expand the business over time. The combination of wash bays, vacuum bays, and on-site storage helps support independent management, while the on-site office provides a convenient space for administrative needs.

    Local Financial Insights For Specialty 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 $52.7k $24.96
    − Vacancy −$2.6k −$1.25
    EGI $50.1k $23.71
    − OpEx −$12.5k −$5.93
    NOI $37.6k $17.78
    2,112 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $536.6K
    $469.5K – $626.0K (±1% cap)
    NOI $37,560 @ 7.0% cap · market cap 8.37%
    Second Best
    Retail
    $500.8K
    $438.2K – $584.3K (±1% cap)
    NOI $35,056 @ 7.0% cap · market cap 7.81%
    Theoretical Best
    Multifamily LT 5
    $23.20M
    $20.30M – $27.07M (±1% cap)
    NOI $1,624,177 @ 7.0% cap · market cap 361.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oaklawn Dr Self ... Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.471822
    Latitude
    32.100794

    Nearby Similar for Sale

    • $850,000
      8,500 SF

      Versatile Metal Construction Facility

      Metal building with office-ready layout, covered carport, and large shop area for construction, industrial, or service operations.
      1742 S US Highway 287, Corsicana, TX 75110
      View Details
    • $249,000
      1,532 SF

      Office Building with Heated Storage

      Corner office building with multiple private offices, reception-flex space, and fully heated and cooled storage plus ample parking.
      208 S 31st Street, Corsicana, TX 75110
      View Details
    • $599,000

      Automotive Service Building with Bay Doors

      Downtown service building with six bay doors, insulated workshop space, and included vehicle lifts for efficient operations.
      308 S Beaton Street, Corsicana, TX 75110
      View Details
    • $550,000
      3,312 SF

      Automotive Service Shop Corner Lot

      Automotive shop with multiple service bays, lifts, and a wheel alignment setup on a high-traffic corner lot.
      123 N 7th Street, Corsicana, TX 75110
      View Details
    • $730,000

      Two-Story Brick Restaurant and Event Space

      Historic two-story brick building with full bar, commercial kitchen, stage area, dining spaces, and an upstairs event and office-ready layout.
      107 S Beaton Street, Corsicana, TX 75110
      View Details
    • $675,000

      Multi-Building Institutional Campus

      Cleared campus with three buildings, classrooms, and assembly spaces, offering strong flexibility for education or faith-based uses.
      3640 N Business 45, Corsicana, TX 75110
      View Details
    • $450,000

      Drive-Through Restaurant Building

      Former Sonic with drive-through and walk-up window, positioned for strong visibility and customer convenience on a busy corridor.
      1524 W 7th Avenue, Corsicana, TX 75110
      View Details
    • $450,000

      Renovated Conversion Silo Property

      Iconic, fully renovated multi-level silo building with flexible space and high-ceiling potential for destination uses.
      513 Martin Luther King Jr Boulevard, Corsicana, TX 75110
      View Details
    • $1,850,000

      Leased Industrial Warehouse Investment

      A 24,000+ SF warehouse on 3.5 acres, offered for sale with a long-term vending company lease in an established industrial area.
      2400 S Business 45, Corsicana, TX 75110
      View Details
    • $300,000

      Office Building with Break Room

      Two main office rooms and multiple private offices make this an efficient option for growing local businesses.
      800 W 2nd Avenue, Corsicana, TX 75110
      View Details
    • $199,000

      Versatile Beauty and Retail Storefront

      Move-in ready storefront with washer and dryer hookups, ample open space, and excellent visibility with convenient parking.
      208 W 1st Avenue, Corsicana, TX 75110
      View Details

    FAQs

    What type of property is this?
    Car wash - Turnkey self-service car wash with multiple bays, on-site office, and storage in a high-visibility, high-traffic setting.
    Where is this car wash located?
    The property is located at 223 Oaklawn Drive Corsicana, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Self‑service car wash on Oaklawn Dr in Corsicana with 6 wash bays and 4 vacuum bays; Approx. 0.71‑acre site includes additional storage building and small office space on‑site; Built in 1985 with brick construction, concrete flooring, and a metal roof
    (817) 795-2500
    We can help!
    Listing Contact
    Laura Smith
    Real Estate License ID: 0645005
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    223 Oaklawn Drive, Corsicana, TX 75110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!