Car Wash Property with Drive-Around
For Sale
$499,000
10215 China Spring Road, Waco, TX 76708
CommercialSale, Waco, TX
Property Size4,500 SF
Lot Size0.55 Acres
Price / SF$110.89
Days on Market152
Property Features for 10215 China Spring Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-3
Parking features
Parking Lot
Security features
Security
Subdivision
Cougar Ridge Pt 2
Lot features
Corner Lot
Directions
Off US-77 Find Industrial Blvd East to FM-3051 Continue onto Farm to Market Road 3051 also called Steinbeck Bend Dr and continue for 2.7 miles Slight right toward China Spring Rd and continue for 312 feet Merge onto China Spring Rd and continue for 3.0 miles Turn right onto Granada Dr On Right
Standard status
Active
APN
180210030002000
Lot size
0.55 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Description
COUGAR RIDGE PT 2 LOT 1A BLOCK 2 ACRES 0.553
Tax Annual Amount
10137
Legal Description
COUGAR RIDGE PT 2 LOT 1A BLOCK 2 ACRES 0.553
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
Attlee Realty, LLC
Listed By:
Melissa Croll
(972) 886-8357
Added: Jun 7
Changed: Nov 5
Last Checked: Nov 5 at 10:06PM
MLS# 21259008
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This car wash property includes a single-story masonry building measuring 4,500 SF on a 0.553-acre parcel. The site provides surface parking and drive-around circulation, with concrete flooring, brick and concrete construction, a metal roof, and public water and sewer service. C3 zoning supports the recorded commercial classification.
The property fronts China Spring Road SH1637 and borders Granada Dr on the west side. It is near Saddle Creek Road, with neighboring restaurant, tobacco shop, auto detailing, and insurance office uses. A residential subdivision extends to the north along Valencia Dr. The lot contains 22,216 SF and is served by direct road frontage.
The property fronts China Spring Road SH1637 and borders Granada Dr on the west side. It is near Saddle Creek Road, with neighboring restaurant, tobacco shop, auto detailing, and insurance office uses. A residential subdivision extends to the north along Valencia Dr. The lot contains 22,216 SF and is served by direct road frontage.
Key Highlights
- 4,500 SF single‑story masonry building
- 0.553‑acre lot containing 22,216 SF
- Direct frontage on China Spring Road SH1637
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,775
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,500
$795.5K
Cap Rate 7%
$568,214
$568.2K
Cap Rate 9%
$441,944
$441.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$62.1K $13.80/SF
− Vacancy
−$5.3K −$1.17/SF
EGI
$56.8K $12.63/SF
− OpEx
−$17.0K −$3.79/SF
NOI
$39.8K $8.84/SF
Area
Waco, TX
Vacancy
8.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,500
Cap Rate 7%
$568,214
Cap Rate 9%
$441,944
Alternative Uses
Best Use
Specialty Retail
$864.0K
$756.0K – $1.01M
NOI $60,477 @ 7.0% cap · market cap 12.12%
Second Best
Retail
$749.1K
$655.5K – $874.0K
NOI $52,438 @ 7.0% cap · market cap 10.51%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,106 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
McDonald's
Dining
16,397 visits/mo
0.0 miles
Dollar General
Shops & Services
15,361 visits/mo
0.0 miles
SONIC Drive In
Dining
10,158 visits/mo
0.3 miles
Bush's Chicken
Dining
9,347 visits/mo
0.1 miles
Dollar Tree
Shops & Services
7,735 visits/mo
0.1 miles
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - C3-zoned car wash property with direct China Spring Road access, surface parking, and circulation around the building.
Where is this car wash located?
The property is located at 10215 China Spring Road Waco, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,500 SF single‑story masonry building; 0.553‑acre lot containing 22,216 SF; Direct frontage on China Spring Road SH1637
