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
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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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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
