Full Service Car Wash
For Sale
$1,300,000
12573 Richmond Avenue, Houston, TX 77082
Full service car wash in a high-traffic Houston location.
Property Size7,939 SF
Price / SF$163.75
Days on Market107
Property Features for 12573 Richmond Avenue
General Information
Standard status
Active
Size
7,939 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #9004811
(214) 929-3388
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 5 at 2:16PM
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
Investment Insights
Based on property information with market context.
The Oasis Car Wash Club is a full-service car wash located at 12573 Richmond Ave in the Westchase Alief area of Houston. The property is situated in a busy corridor characterized by strong retail, residential, and commercial activity. The surrounding area benefits from nearby shopping centers, universities, attractions, and high traffic volume, indicating a vibrant and growing market. The car wash was remodeled in 2024. The property size is 7,939 square feet. This property is intended for use as a car wash and presents a potential investment opportunity.
Key Highlights
- Located in a high‑traffic area with strong retail, residential, and commercial activity in the Westchase Alief area of Houston.
- Remodeled in 2024.
- Opportunity to own up to 40% of the real estate and business for $1.45M.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.9k | $20.52 |
| − Vacancy | −$9.1k | −$1.15 |
| EGI | $153.8k | $19.37 |
| − OpEx | −$46.1k | −$5.81 |
| NOI | $107.6k | $13.56 |
7,939 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,069
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
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Full service car wash in a high-traffic Houston location.
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: Located in a high‑traffic area with strong retail, residential, and commercial activity in the Westchase Alief area of Houston.; Remodeled in 2024.; Opportunity to own up to 40% of the real estate and business for $1.45M.
