Four-Bay Self-Service Car
For Sale
$375,000
1006 E 1st Street, Humble, TX 77338
CommercialSale, Humble, TX
Property Size1,512 SF
Lot Size0.30 Acres
Price / SF$248.02
Days on Market92
Property Features for 1006 E 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Within Humble city limits Carwash - Real Commercial
Subdivision
Jules Hirsch Sub
Directions
Via I-69 towards Humble, TX Take exit 147 and continue onto frontage to Will Clayton Pkwy Turn East onto Will Clayton Pkwy Take Will Clayton Pkwy towards Old Humble Rd Turn left onto S Houston Ave-Old Humble Rd Continue onto N Houston Avenue Turn right onto 1st St E-FM1960 Business On Right
Standard status
Active
APN
0431500130004
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
TRS 4 5 & 7 BLK 12 J HIRSCH ABST 484 J B JONE
Tax Annual Amount
3774
Legal Description
TRS 4 5 & 7 BLK 12 J HIRSCH ABST 484 J B JONE
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
multiple vacuums
Building Details
Year built
1970
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, SteelSiding
Roof type
Metal
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #0560702
(214) 929-3388
Added: Jun 9
Changed: Sep 4
Last Checked: Sep 8 at 4:06PM
MLS# 21296574
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.
Investment Insights
Based on property information with market context.
This self-service car wash includes four wash bays, multiple vacuum stations, and a 1,512-square-foot building on a 0.2982-acre site. Recent updates and improvements complement the concrete-floored facility, which was built in 1970 and has brick and steel siding with a metal roof.
The property is located just off FM 1960 in Humble, with access from 1st Street and N. Houston Ave. Nearby FM 1960 traffic counts are reported at 10,848 and 11,072 AADT. The site has public water and public sewer service. Demographic data provided for the surrounding area includes 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 located just off FM 1960 in Humble, with access from 1st Street and N. Houston Ave. Nearby FM 1960 traffic counts are reported at 10,848 and 11,072 AADT. The site has public water and public sewer service. Demographic data provided for the surrounding area includes 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.
Key Highlights
- Four self‑service wash bays with multiple vacuum stations
- 0.2982‑acre site with a 1,512‑square‑foot building
- Nearby FM 1960 AADT counts of 10,848 and 11,072
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
Highway access
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 - Functional wash facility with vacuum stations, recent improvements, public utilities, and direct access from surrounding commercial streets.
Where is this self service car wash located?
The property is located at 1006 E 1st Street 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‑service wash bays with multiple vacuum stations; 0.2982‑acre site with a 1,512‑square‑foot building; Nearby FM 1960 AADT counts of 10,848 and 11,072
