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    3-Bay Downtown Car Wash Investment Title is generated by Realmo AI

    108 E Main Street, Itasca, TX 76055

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    Claim this Listing
    For Sale
    $385,000

    COMMERCIAL - Itasca, TX

    Lot size:
    0.19 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 108 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Carport, Driveway
    Security features
    Security
    Standard status
    Active
    APN
    136521
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    ITASCA OT BLK 9 LT 16B, 17 & 18
    Tax Annual Amount
    1555

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2010
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick, MetalSiding
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Dennis Tuttle
    Dennis Tuttle

    Listing agent Dennis Tuttle License #0592703

    Listing office Dennis Tuttle Real Estate Team El Paso, TX

    Listing date Apr 16, 2026

    MLS# 20804240

    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.

    HighLights

    • 3‑bay car wash on Main Street in Downtown Itasca, built in 2010
    • Includes 3 wash bays plus air hose and foam brushes
    • Covered vacuum station with 2 vacuums
    • Operational equipment includes working motors, pumps, and hydrominers
    • Payment systems include coin readers, credit card readers, and a change machine
    • Flat metal roof; brick and metal siding with concrete flooring; served by public water and public sewer

    Overview

    This property is a fully operational, cash-flow oriented 3-bay car wash built for efficient in-and-out service. The car wash includes three wash bays plus an air hose and foam brushes. It also offers two vacuums, along with a covered vacuum station equipped with working vacuums. Operational readiness is a key feature: the facility has working motors, pumps, hydrominers, coin readers, credit card readers, and a change machine, supporting both cash and card transactions.

    Located on Main Street in downtown Itasca, the site benefits from a prime corridor address with significant traffic, supporting strong visibility and consistent vehicle flow. The offering is positioned as a turnkey opportunity, meaning the wash is producing and can be taken over by a new owner with minimal disruption.

    With its established setup and complete equipment package, this asset is well-suited for an investor looking for a hands-off acquisition or an owner-operator seeking a ready-to-run automotive business. The three-bay configuration provides additional capacity compared to single-bay operations, while the integrated payment systems and supported vacuum services help broaden the customer touchpoints on-site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self service car ...

    Suggested Use

    Restaurant Hair Salon Building Supply Kitchen & Bath Showroom Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel Food Market Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.149214
    Latitude
    32.15965

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    FAQs

    What type of property is this?
    Car wash - Turnkey, fully operational car wash with three bays, vacuums, and payment equipment for steady income potential.
    Where is this car wash located?
    The property is located at 108 E Main Street Itasca, TX.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: 3‑bay car wash on Main Street in Downtown Itasca, built in 2010; Includes 3 wash bays plus air hose and foam brushes; Covered vacuum station with 2 vacuums
    (512) 800-6984
    We can help!
    Listing Contact
    Dennis Tuttle
    Dennis Tuttle
    Real Estate License ID: 0592703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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