4-Bay Self-Service Car
For Sale
$375,000
1006 E 1st St, Humble, TX 77338
Updated operating property with multiple vacuums and direct access from two nearby streets.
Property Size1,512 SF
Lot Size0.30 Acres
Price / SF$248.02
Days on Market32
Property Features for 1006 E 1st St
General Information
Standard status
Active
Size
1,512 SF
Lot size
0.30 Acres
Additional Details
Road Access
Yes
Car Wash Bays
4
Amenities
vacuums
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #9004811
Source:
Minteerteam
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 25 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Attlee Realty, LLC
Investment Insights
Based on property information with market context.
This self-service car wash includes a 1,512 SF building on a 0.2982-acre site containing 12,990 SF of land. The facility has four customer-use bays, multiple vacuums, and recent updates and improvements. Built in 1970, the property is configured as a functional car wash operation.
The site is located at 1006 E 1st St in Humble, Texas, near FM 1960 and within the area’s commercial corridor. Access is available from 1st Street and N. Houston Ave. Nearby FM 1960 traffic counts are reported at 10,848 and 11,072 AADT. Demographic data identifies 45,098 people within 3 miles and 173,847 within 5 miles, with household incomes ranging from $61,988 within 1 mile to $108,548 within 5 miles. The property is positioned for an owner-operator, first-time wash investor, or portfolio buyer.
The site is located at 1006 E 1st St in Humble, Texas, near FM 1960 and within the area’s commercial corridor. Access is available from 1st Street and N. Houston Ave. Nearby FM 1960 traffic counts are reported at 10,848 and 11,072 AADT. Demographic data identifies 45,098 people within 3 miles and 173,847 within 5 miles, with household incomes ranging from $61,988 within 1 mile to $108,548 within 5 miles. The property is positioned for an owner-operator, first-time wash investor, or portfolio buyer.
Key Highlights
- Four self‑serve wash bays with multiple vacuums
- 1,512 SF building on 0.2982 acres
- 12,990 SF of land
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
$21,943
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
5.85%
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%
$438,860
$438.9K
Cap Rate 7%
$313,471
$313.5K
Cap Rate 9%
$243,811
$243.8K
Market Conditions
NOI Build-Up for 1,512 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
$31.0K $20.52/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$29.3K $19.35/SF
− OpEx
−$7.3K −$4.84/SF
NOI
$21.9K $14.51/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$438,860
Cap Rate 7%
$313,471
Cap Rate 9%
$243,811
Alternative Uses
Best Use
Specialty Retail
$313.5K
$274.3K – $365.7K
NOI $21,943 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$256.6K
$224.6K – $299.4K
NOI $17,965 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$412.9K
$361.3K – $481.7K
NOI $28,900 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,909
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 39%
Groceries 12%
Electronics 1%
Starbucks
Dining
14,337 visits/mo
0.5 miles
Mobil
Shops & Services
14,304 visits/mo
0.4 miles
Jack in the Box
Dining
12,243 visits/mo
0.4 miles
La Michoacana Meat Market
Groceries
9,495 visits/mo
0.4 miles
SONIC Drive In
Dining
7,676 visits/mo
0.4 miles
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Updated operating property with multiple vacuums and direct access from two nearby streets.
Where is this self service car wash located?
The property is located at 1006 E 1st St Humble, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four self‑serve wash bays with multiple vacuums; 1,512 SF building on 0.2982 acres; 12,990 SF of land
