Self-Serve Car Wash
For Sale
$225,000
1702 W 7th St, Texarkana, TX 75501
Two self-serve car wash locations for sale, offering separate sites with distinct acreage and building area.
Property Size2,625 SF
Lot Size0.44 Acres
Price / SF$85.71
Days on Market91
Property Features for 1702 W 7th St
General Information
Standard status
Active
Size
2,625 SF
Lot size
0.44 Acres
Building Details
Year Built
1977
Listing Agency:
Attlee Realty, LLC
Listed By:
Melissa Croll, Barbara White · License #0560702
(972) 886-8357
Source:
Heritance
Added: Jun 16
Changed: Sep 8
Last Checked: Sep 13 at 1:30PM
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.
This for-sale offering includes self-serve car wash properties operating as two separate sites. One location is identified as 1702 W Seventh, Texarkana, TX 75501, with 2,625 SF on 0.32 acres. The second location is identified as 1520 Richmond Rd, Texarkana, TX 75503, with 5,155 AF on 0.44 acres, each configured for self-service wash operations.
The properties are each presented as distinct parcels, which can support separate operations or ownership strategy by site. Each address is explicitly listed in the public remarks, and the offering describes the characteristics of the improvements by building area (AF/SF) and the parcel size by acreage.
For buyers and operators looking for self-serve wash assets, this package provides two sites with clearly stated building area and land footprint. The self-serve format can be attractive for teams seeking retail-style automotive services that are centered on on-site washing access. Interested parties should review each property individually at its listed address to confirm the current operating setup and verify all details tied to the provided area and acreage figures.
The properties are each presented as distinct parcels, which can support separate operations or ownership strategy by site. Each address is explicitly listed in the public remarks, and the offering describes the characteristics of the improvements by building area (AF/SF) and the parcel size by acreage.
For buyers and operators looking for self-serve wash assets, this package provides two sites with clearly stated building area and land footprint. The self-serve format can be attractive for teams seeking retail-style automotive services that are centered on on-site washing access. Interested parties should review each property individually at its listed address to confirm the current operating setup and verify all details tied to the provided area and acreage figures.
Key Highlights
- Two self‑serve car wash locations for sale in Texarkana, TX
- 1520 Richmond Rd: 5,155 SF car wash on 0.44 acres (year built 1977)
- 1702 W 7th St: 2,625 SF self‑serve car wash on 0.32 acres
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
$13,518
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
6.01%
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%
$270,360
$270.4K
Cap Rate 7%
$193,114
$193.1K
Cap Rate 9%
$150,200
$150.2K
Market Conditions
NOI Build-Up for 2,625 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
$21.1K $8.04/SF
− Vacancy
−$1.8K −$0.68/SF
EGI
$19.3K $7.36/SF
− OpEx
−$5.8K −$2.21/SF
NOI
$13.5K $5.15/SF
Area
Bowie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$270,360
Cap Rate 7%
$193,114
Cap Rate 9%
$150,200
Alternative Uses
Best Use
Specialty Retail
$666.9K
$583.5K – $778.1K
NOI $46,683 @ 7.0% cap · market cap 20.75%
Second Best
Retail
$622.4K
$544.6K – $726.2K
NOI $43,571 @ 7.0% cap · market cap 19.36%
Theoretical Best
Hotel Hospitality
$1.98M
$1.73M – $2.31M
NOI $138,403 @ 7.0% cap · market cap 61.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Home Outlet
Home Improvements & Furnishings
1,336 visits/mo
0.4 miles
Demographics for 75501, TX
36,423
Population
15,302
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
86%
High-School Grad
96.3 sq mi
ZIP Area
378
Density / Sq Mi
$46,782
Median Household Income
$33,758
Median Earnings
$904
Median Rent
$125,700
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 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?
Self service car wash - Two self-serve car wash locations for sale, offering separate sites with distinct acreage and building area.
Where is this self service car wash located?
The property is located at 1702 W 7th St Texarkana, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two self‑serve car wash locations for sale in Texarkana, TX; 1520 Richmond Rd: 5,155 SF car wash on 0.44 acres (year built 1977); 1702 W 7th St: 2,625 SF self‑serve car wash on 0.32 acres
