Four-Bay Self-Service Car
For Sale
$225,000
108 E Morgan, Meridian, TX 76665
The property includes ice and water machines alongside its car wash facilities.
Property Size1,560 SF
Price / SF$144.23
Days on Market85
Property Features for 108 E Morgan
General Information
Standard status
Active
Size
1,560 SF
Additional Details
Car Wash Bays
4
Amenities
Ice and water machine
Building Details
Year Built
1980
Listing Agency:
Central Realty
Listed By:
William Crawshaw · License #0522719
(254) 717-8243
Source:
Heritance
Added: Jul 21
Changed: Sep 28
Last Checked: Oct 9 at 8:47PM
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 Central Realty
Investment Insights
Based on property information with market context.
This self-service car wash includes four customer-use bays and is equipped with an ice machine and a water machine. The property was built in 1980 and is located at 108 E Morgan in Meridian, Texas.
Key Highlights
- Four‑bay self‑service car wash
- Ice machine and water machine included
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,179
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,580
$363.6K
Cap Rate 7%
$259,700
$259.7K
Cap Rate 9%
$201,989
$202.0K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$29.0K $18.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$26.0K $16.65/SF
− OpEx
−$7.8K −$4.99/SF
NOI
$18.2K $11.65/SF
Area
Bosque County, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,580
Cap Rate 7%
$259,700
Cap Rate 9%
$201,989
Alternative Uses
Best Use
Specialty Retail
$299.5K
$262.1K – $349.4K
NOI $20,965 @ 7.0% cap · market cap 9.32%
Second Best
Retail
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Exxon
Shops & Services
2,247 visits/mo
0.3 miles
Simple Simon's Pizza
Dining
258 visits/mo
0.3 miles
Demographics for 76665, TX
2,390
Population
1,441
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
89%
High-School Grad
167.3 sq mi
ZIP Area
14
Density / Sq Mi
$62,098
Median Household Income
$36,500
Median Earnings
$624
Median Rent
$124,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self service car wash - The property includes ice and water machines alongside its car wash facilities.
Where is this self service car wash located?
The property is located at 108 E Morgan Meridian, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑bay self‑service car wash; Ice machine and water machine included; Built in 1980
