Car Wash
For Sale
$1,200,000
7850 Callaghan Road, San Antonio, TX 78229
COMMERCIAL - San Antonio, TX
Property Size2,640 SF
Lot Size0.32 Acres
Price / SF$454.55
Days on Market223
Property Features for 7850 Callaghan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Nob Hill Sub
Standard status
Active
APN
567995
Size
2,640 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
NCB 15101 BLK LOT 17 NOB HILL SUBD
Legal Description
NCB 15101 BLK LOT 17 NOB HILL SUBD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Hiral Bhakta · License #0716176
(361) 704-2008
Added: Jan 12
Changed: Aug 4
Last Checked: Aug 23 at 5:06PM
MLS# 469827
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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 San Antonio car wash property comprises a 2,640-square-foot commercial improvement on approximately 0.32 acres. Built in 2006, the property is located at 7850 Callaghan Road and is classified in the source data as a car wash asset.
Public water and public sewer serve the property. The site is positioned in San Antonio’s 78229 postal area within Bexar County, Texas.
Public water and public sewer serve the property. The site is positioned in San Antonio’s 78229 postal area within Bexar County, Texas.
Key Highlights
- 2,640‑square‑foot car wash property
- 0.32‑acre site
- Built in 2006
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
$40,125
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
3.34%
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%
$802,500
$802.5K
Cap Rate 7%
$573,214
$573.2K
Cap Rate 9%
$445,833
$445.8K
Market Conditions
NOI Build-Up for 2,640 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
$55.4K $21.00/SF
− Vacancy
−$1.9K −$0.74/SF
EGI
$53.5K $20.27/SF
− OpEx
−$13.4K −$5.07/SF
NOI
$40.1K $15.20/SF
Area
San Antonio, TX
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$802,500
Cap Rate 7%
$573,214
Cap Rate 9%
$445,833
Alternative Uses
Best Use
Specialty Retail
$573.2K
$501.6K – $668.8K
NOI $40,125 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$673.4K
$589.2K – $785.7K
NOI $47,139 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 78229, TX
33,135
Population
19,149
Households
1.7
Avg Household Size
31
Median Age
31%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
5,713
Density / Sq Mi
$46,718
Median Household Income
$32,888
Median Earnings
$1,234
Median Rent
$206,400
Median Home Value
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - The property includes public water and sewer service in San Antonio, Texas.
Where is this car wash located?
The property is located at 7850 Callaghan Road San Antonio, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,640‑square‑foot car wash property; 0.32‑acre site; Built in 2006
