Freestanding Car Wash
10215 China Spring Road Waco, TX 76708
10215 China Spring Road, Waco, TX, 76708
$634,000
For Sale
$634,000
Freestanding single-story masonry car wash with on-site parking and direct road frontage for convenient customer access.
Property Size3,531 SF
Lot Size0.55 Acres
Price / SF$179.55
Days on Market47
Property Features for 10215 China Spring Road
General Information
- Standard status
- Active
- Size
- 3,531 SF
- Lot size
- 0.55 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing Agency
Attlee Realty, LLC
(214) 929-3388
Listed by
Melissa Croll · License #9004811
(214) 929-3388
Source
Signaturere
Added: Jun 1 Checked: Jul 15 at 8:07 pm
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.
The property is a single-story, masonry car wash building constructed in 2003, offering a straightforward, purpose-built setup. The site includes surface parking designed for drive-around circulation, supporting easy ingress and egress during peak customer periods.
Located on the north side of China Spring Rd (SH1637) with direct road frontage, the property is positioned near the intersection with Saddle Creek Rd. The west side borders Granada Dr, and the surrounding area includes a mix of retail and service uses such as restaurants, a tobacco shop, auto detailing, and insurance offices. A residential subdivision lies to the north along Valencia Dr.
With C3 zoning in place, this property may be well suited for operators seeking a visible automotive-focused facility with convenient access and established site layout. The combination of direct frontage and surrounding complementary uses can support ongoing retail and service demand for a car wash concept.
Located on the north side of China Spring Rd (SH1637) with direct road frontage, the property is positioned near the intersection with Saddle Creek Rd. The west side borders Granada Dr, and the surrounding area includes a mix of retail and service uses such as restaurants, a tobacco shop, auto detailing, and insurance offices. A residential subdivision lies to the north along Valencia Dr.
With C3 zoning in place, this property may be well suited for operators seeking a visible automotive-focused facility with convenient access and established site layout. The combination of direct frontage and surrounding complementary uses can support ongoing retail and service demand for a car wash concept.
Key Highlights
- Freestanding single‑story masonry car wash building (4,500 SF) built in 2004
- Direct road frontage on the north side of China Spring Rd (SH 1637) with surface parking and drive‑around circulation
- 0.55‑acre lot with 22,216 SF parcel size
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.9k | $19.80 |
| − Vacancy | −$6.6k | −$1.88 |
| EGI | $63.3k | $17.92 |
| − OpEx | −$15.8k | −$4.48 |
| NOI | $47.5k | $13.44 |
3,531 SF · lease $19.80/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$677.9K
$593.2K – $790.9K
NOI $47,454 @ 7.0% cap · market cap 7.48%
Second Best
Retail
$587.8K
$514.3K – $685.8K
NOI $41,146 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$931.6K
$815.1K – $1.09M
NOI $65,211 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cougar Ridge Car ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Freestanding single-story masonry car wash with on-site parking and direct road frontage for convenient customer access.
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 $634,000.
What are key features of this property?
This property features: Freestanding single‑story masonry car wash building (4,500 SF) built in 2004; Direct road frontage on the north side of China Spring Rd (SH 1637) with surface parking and drive‑around circulation; 0.55‑acre lot with 22,216 SF parcel size
