Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Princeton Car Wash Business For Sale Title is generated by Realmo AI

    317 W Princeton Drive, Princeton, TX 75407

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    Business - Princeton, TX

    Type:Business
    Lot size:
    0.76 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    94
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 317 W Princeton Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R695700744701
    Lot size
    0.76 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2001
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Croll
    Melissa Croll

    Listing agent Melissa Croll License #0560702

    Listing office Attlee Realty, LLC 8751 Collin McKinney Pkwy#1405, Mckinney, TX

    Listing date Feb 11, 2026

    MLS# 21144656 Listing URL

    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

    • Operating car wash with existing infrastructure including 4 self‑service bays and 1 in‑bay automatic.
    • Month‑to‑month tenant provides immediate income potential or opportunity for owner‑operator.
    • Includes vending machines for additional revenue streams.
    • Equipment room provides dedicated space for car wash operations.
    • Durable construction with brick exterior and metal roof.
    • Parking lot provides convenient customer access.

    Overview

    This is a real estate asset sale featuring a car wash. The property includes 4 self-service bays and one 30 ft in-bay automatic car wash. It also features vending and an equipment room. The car wash is located in Princeton, Collin County, Texas, with a lot size of 0.762 acres. There is currently a month-to-month tenant operating the car wash who can vacate upon the sale of the property. The property is located at 317 W Princeton Drive, Princeton, TX 75407.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Super B Carwash ... Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.50459
    Latitude
    33.174051

    Nearby Similar for Sale

    • $1,850,000
      3,520 SF

      Princeton Retail Opportunity on US 380

      Prime commercial real estate with high visibility and traffic.
      409 E Princeton Drive, Princeton, TX 75407
      View Details
    • $994,200
      3,637 SF

      Custom Home with Workshop Barn

      Magnificent home with apartment, barns, and acreage near Hwy 380.
      10899 County Road 496, Princeton, TX 75407
      View Details
    • $550,000

      Princeton Commercial Property For Sale

      Commercial property in downtown Princeton, TX, suitable for various businesses.
      213 Mckinney Avenue, Princeton, TX 75407
      View Details
    • $998,000

      Princeton TX Quadruplex For Sale

      Built in 2018, each unit rents for $1465/month.
      508 E Hazelwood Street, Princeton, TX 75407
      View Details
    • $760,000
      1,984 SF

      Princeton TX Farm with Pool

      Updated home on 10 acres with pool and lake views.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • $1,295,000
      2,872 SF

      Princeton Farmhouse on Scenic Acreage

      Modern farmhouse on 10.4 acres with pond and shop.
      11109 Dakota Trail, Princeton, TX 75407
      View Details
    • $519,000

      Princeton Duplex Investment Opportunity

      Well-maintained duplex in a rapidly growing community, generating strong rental income.
      701 Parkplace Ridge, Princeton, TX 75407
      View Details
    • $322,995

      Princeton RV Park for Sale

      Well-maintained RV park near Lake Lavon with full hookups.
      6852 Fm 546, Princeton, TX 75407
      View Details
    • $2,340,000
      14,781 SF

      Princeton Duplexes Investment Opportunity

      Nine-unit duplex portfolio in Princeton, Texas, near Highway 380.
      813 E College Street, Princeton, TX 75407
      View Details
    • $495,000

      Princeton Duplex: Investment Opportunity

      Two-story duplex in Princeton, TX, built in 2019.
      114 Wood Street, Princeton, TX 75407
      View Details
    • $520,000

      Princeton Duplex Investment Opportunity

      Two adjacent duplexes in Princeton, TX, ideal for investors.
      925 Parkplace Ridge, Princeton, TX 75407
      View Details
    • $1,900,000

      Income-Producing Land in Growing Princeton

      6.626 acres of commercially classified, income-producing real estate.
      Amber Mhp CR 900, Princeton, TX 75407
      View Details

    FAQs

    What type of property is this?
    Car wash - Car wash with self-service bays and in-bay automatic.
    Where is this car wash located?
    The property is located at 317 W Princeton Drive Princeton, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Operating car wash with existing infrastructure including 4 self‑service bays and 1 in‑bay automatic.; Month‑to‑month tenant provides immediate income potential or opportunity for owner‑operator.; Includes vending machines for additional revenue streams.
    (972) 886-8357
    We can help!
    Listing Contact
    Melissa Croll
    Melissa Croll
    Real Estate License ID: 0560702
    Learn More
    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
    317 W Princeton Drive, Princeton, TX 75407
    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!