Island Breeze Car
New
For Sale
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11210 Scarsdale Boulevard, Houston, TX 77089
Car wash and automotive service facility with express tunnel operations and a full-bay repair shop.
Property Size5,996 SF
Lot Size1.13 Acres
Price / SF$500.33
Days on Market5
Property Features for 11210 Scarsdale Boulevard
General Information
Standard status
Active
Size
5,996 SF
Lot size
1.13 Acres
Property subtype
Special Purpose, Business for Sale
Financials
Asking Price
$3,000,000
Business Included
Yes
Site & Location
Traffic Count
23,000 vehicles/day
Road Access
Yes
Additional Details
Car Wash Bays
1
Amenities
car wash tunnel
DRB pay stations
full-bay automotive shop
Building Details
Year Built
2002
Year Renovated
2018
Buildings
1
Listing Agency:
North Star Brokerage & Advisory
Listed By:
Caleb Jackson · License #805853
Source:
Crexi
Added: Sep 15
Changed: Sep 19
Last Checked: Sep 19 at 9:13AM
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 North Star Brokerage & Advisory
Investment Insights
Based on property information with market context.
Island Breeze Car Wash is a 5,996-square-foot facility on 1.13 acres at 11210 Scarsdale Boulevard in Houston. Constructed in 2002 and renovated in 2018, the property combines a 120-foot MacNeil conveyor tunnel with DRB pay stations and a full-bay automotive shop. Shop services include oil and lube work, brake service, diagnostics, state inspections, and scheduled fleet maintenance.
The site is positioned along a corridor carrying more than 23,000 vehicles per day and is surrounded by Walgreens, Sonic, AutoZone, and Taco Bell. Monthly wash memberships are part of the operating model, while the combined car wash and automotive service configuration supports two distinct service lines within the same property.
The site is positioned along a corridor carrying more than 23,000 vehicles per day and is surrounded by Walgreens, Sonic, AutoZone, and Taco Bell. Monthly wash memberships are part of the operating model, while the combined car wash and automotive service configuration supports two distinct service lines within the same property.
Key Highlights
- 5,996 SF car wash and automotive service facility
- 1.13‑acre property at 11210 Scarsdale Boulevard, Houston, TX 77089
- 120‑foot MacNeil express and full‑service conveyor tunnel
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
$93,816
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
3.13%
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%
$1,876,320
$1.9M
Cap Rate 7%
$1,340,229
$1.3M
Cap Rate 9%
$1,042,400
$1.0M
Market Conditions
NOI Build-Up for 5,996 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
$131.7K $21.96/SF
− Vacancy
−$6.6K −$1.10/SF
EGI
$125.1K $20.86/SF
− OpEx
−$31.3K −$5.22/SF
NOI
$93.8K $15.65/SF
Area
ZIP 77089
Vacancy
5.00%
Lease Rate
$21.96 /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%
$1,876,320
Cap Rate 7%
$1,340,229
Cap Rate 9%
$1,042,400
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,816 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$1.16M
$1.02M – $1.36M
NOI $81,303 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,928 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 49%
Lewis Food Town
Groceries
27,476 visits/mo
0.4 miles
Shell
Shops & Services
9,949 visits/mo
0.4 miles
Chase Bank
Shops & Services
7,350 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,234 visits/mo
0.4 miles
Chevron
Shops & Services
3,204 visits/mo
0.5 miles
Demographics for 77089, TX
56,994
Population
19,997
Households
2.9
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
13.0 sq mi
ZIP Area
4,384
Density / Sq Mi
$87,262
Median Household Income
$45,252
Median Earnings
$1,411
Median Rent
$237,400
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 Houston, TX
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash and automotive service facility with express tunnel operations and a full-bay repair shop.
Where is this car wash located?
The property is located at 11210 Scarsdale Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 5,996 SF car wash and automotive service facility; 1.13‑acre property at 11210 Scarsdale Boulevard, Houston, TX 77089; 120‑foot MacNeil express and full‑service conveyor tunnel
