Automatic Car Wash
For Sale
Contact for pricing
12111 Cypress North Houston Rd, Cypress, TX 77429
Purpose-built improvements and an efficient site plan support ongoing vehicle-wash operations.
Property Size5,527 SF
Price / SF$434.23
Days on Market55
Property Features for 12111 Cypress North Houston Rd
General Information
Standard status
Active
Size
5,527 SF
Property subtype
Special Purpose
Investment Type
Owner/User
Additional Details
Road Access
Yes
Listing Agency:
Texas Commercial Real Estate Services
Listed By:
Doug Larson · License #TX
(713) 824-3799
Source:
Crexi
Added: Jul 28
Changed: Sep 6
Last Checked: Sep 19 at 8:23AM
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 Texas Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The ±5,527 SF property is configured as an automatic car wash with purpose-designed improvements and a site plan accommodating vehicle movement, stacking, and customer entry. The existing layout supports continuation of the automotive service use.
Located at 12111 Cypress North Houston Rd in Cypress, Texas, the property is within Tower Oaks Center and along an established commercial corridor. The surrounding setting includes ongoing residential and commercial activity, while the Cypress location connects with the broader Houston market.
The site combines a specialized automotive-use building with circulation features designed for customer access and vehicle throughput.
Located at 12111 Cypress North Houston Rd in Cypress, Texas, the property is within Tower Oaks Center and along an established commercial corridor. The surrounding setting includes ongoing residential and commercial activity, while the Cypress location connects with the broader Houston market.
The site combines a specialized automotive-use building with circulation features designed for customer access and vehicle throughput.
Key Highlights
- ±5,527 SF automatic car wash property
- Purpose‑built improvements for continued automotive service use
- Site layout accommodates vehicle circulation, stacking, and customer access
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
$80,212
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
3.34%
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%
$1,604,240
$1.6M
Cap Rate 7%
$1,145,886
$1.1M
Cap Rate 9%
$891,244
$891.2K
Market Conditions
NOI Build-Up for 5,527 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
$113.4K $20.52/SF
− Vacancy
−$6.5K −$1.17/SF
EGI
$106.9K $19.35/SF
− OpEx
−$26.7K −$4.84/SF
NOI
$80.2K $14.51/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$1,604,240
Cap Rate 7%
$1,145,886
Cap Rate 9%
$891,244
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,212 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$938.2K
$820.9K – $1.09M
NOI $65,671 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,641 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Burger King
Dining
8,618 visits/mo
0.1 miles
Shell
Shops & Services
5,732 visits/mo
0.1 miles
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
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?
Car wash - Purpose-built improvements and an efficient site plan support ongoing vehicle-wash operations.
Where is this car wash located?
The property is located at 12111 Cypress North Houston Rd Cypress, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: ±5,527 SF automatic car wash property; Purpose‑built improvements for continued automotive service use; Site layout accommodates vehicle circulation, stacking, and customer access
