Freestanding Car Wash
For Sale
$250,000
Pending
5500 E Lancaster Avenue, Fort Worth, TX 76112
Car wash property with a sizable building on more than half an acre, positioned near major Fort Worth routes.
Property Size3,486 SF
Lot Size0.50 Acres
Days on Market37
Property Features for 5500 E Lancaster Avenue
General Information
Standard status
Pending
Size
3,486 SF
Lot size
0.50 Acres
Property subtype
Business
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
Gregorio Real Estate Company
(972) 834-5509
Listed By:
Rene Jensen
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 12 at 6:10AM
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 Gregorio Real Estate Company
Investment Insights
Based on property information with market context.
This for-sale car wash property includes a structure over 3,500 square feet situated on more than half an acre. The site is presented as a standalone car wash facility with the operating improvements contained within the main building footprint.
The property is described as being less than 10 minutes from Downtown Fort Worth and positioned between Loop 820 and Interstates 30, 20, and 35. It is also noted to be within about 15 minutes of Arlington, Haltom City, and North Richland Hills. The offering can be sold together with MLS #21204562 or separately.
For buyers looking for an automotive service use site, the combination of a dedicated car wash building and an ample land area supports continued car wash operations under the existing configuration. Prospective buyers and/or their brokers are responsible for verifying all details, including measurements and zoning, as the information is deemed reliable but not guaranteed.
The property is described as being less than 10 minutes from Downtown Fort Worth and positioned between Loop 820 and Interstates 30, 20, and 35. It is also noted to be within about 15 minutes of Arlington, Haltom City, and North Richland Hills. The offering can be sold together with MLS #21204562 or separately.
For buyers looking for an automotive service use site, the combination of a dedicated car wash building and an ample land area supports continued car wash operations under the existing configuration. Prospective buyers and/or their brokers are responsible for verifying all details, including measurements and zoning, as the information is deemed reliable but not guaranteed.
Key Highlights
- Car wash property built in 1977
- Over 3,500 SF structure on more than half an acre
- Located within 10 minutes of Downtown Fort Worth
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
$21,995
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
8.80%
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%
$439,900
$439.9K
Cap Rate 7%
$314,214
$314.2K
Cap Rate 9%
$244,389
$244.4K
Market Conditions
NOI Build-Up for 3,486 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
$34.7K $9.96/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$31.4K $9.01/SF
− OpEx
−$9.4K −$2.70/SF
NOI
$22.0K $6.31/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.96 /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%
$439,900
Cap Rate 7%
$314,214
Cap Rate 9%
$244,389
Alternative Uses
Best Use
Specialty Retail
$857.6K
$750.4K – $1.00M
NOI $60,035 @ 7.0% cap · market cap 24.01%
Second Best
Retail
$800.5K
$700.4K – $933.9K
NOI $56,032 @ 7.0% cap · market cap 22.41%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,642 @ 7.0% cap · market cap 35.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 76112, TX
43,132
Population
19,077
Households
2.3
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
11.3 sq mi
ZIP Area
3,817
Density / Sq Mi
$56,179
Median Household Income
$35,543
Median Earnings
$1,215
Median Rent
$207,100
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 - Car wash property with a sizable building on more than half an acre, positioned near major Fort Worth routes.
Where is this car wash located?
The property is located at 5500 E Lancaster Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Car wash property built in 1977; Over 3,500 SF structure on more than half an acre; Located within 10 minutes of Downtown Fort Worth
