Full-Service Car
New
For Sale
$1,300,000
12573 Richmond Avenue, Houston, TX 77082
The Houston operation combines vehicle washing services with a 2024 remodel.
Property Size7,939 SF
Price / SF$163.75
Days on Market3
Property Features for 12573 Richmond Avenue
General Information
Standard status
Active
Size
7,939 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Neighborhood
Eldridge / West Oaks
Automotive
Automotive Uses
car wash
Car Wash Format
full-service
Additional Details
Business Included
Yes
Real Estate Included
Yes
Building Details
Building Size
7,939 SF
Year Built
2004
Year Renovated
2024
Stories
1
Units
1
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #9004811
(214) 929-3388
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:33PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This full-service car wash is located at 12573 Richmond Avenue in Houston. The property was built in 2004 and remodeled in 2024, with commercial zoning.
Key Highlights
- Full‑service car wash operation
- Remodeled in 2024
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,650
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,000
$2.2M
Cap Rate 7%
$1,537,857
$1.5M
Cap Rate 9%
$1,196,111
$1.2M
Market Conditions
NOI Build-Up for 7,939 SF
Gross rent
$162.9K $20.52/SF
− Vacancy
−$9.1K −$1.15/SF
EGI
$153.8K $19.37/SF
− OpEx
−$46.1K −$5.81/SF
NOI
$107.6K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,000
Cap Rate 7%
$1,537,857
Cap Rate 9%
$1,196,111
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,181 @ 7.0% cap · market cap 9.40%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,650 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,902 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 77082, TX
57,493
Population
24,994
Households
2.3
Avg Household Size
35
Median Age
36%
College-Educated
88%
High-School Grad
12.6 sq mi
ZIP Area
4,563
Density / Sq Mi
$60,510
Median Household Income
$35,789
Median Earnings
$1,361
Median Rent
$225,600
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
Frequently Asked Questions
What type of property is this?
Car wash - The Houston operation combines vehicle washing services with a 2024 remodel.
Where is this car wash located?
The property is located at 12573 Richmond Avenue Houston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Full‑service car wash operation; Remodeled in 2024; Built in 2004
