Automated Car Wash
For Sale
$900,000
4311 N State Line Ave, Texarkana, TX 75503
Well-maintained automated wash tunnel with office, restroom, storage, vacuum stalls, and drive-up payment kiosk.
Property Size4,176 SF
Price / SF$215.52
Days on Market158
Property Features for 4311 N State Line Ave
General Information
Standard status
Active
Size
4,176 SF
Property subtype
Special Purpose
Additional Details
Traffic Count
22,240 vehicles/day
Building Details
Building Size
4,176 SF
Year Built
2016
Listed By:
Steven Harvey · License #TX #617762
(903) 793-2666
Source:
Naiglobal
Added: Apr 1
Changed: Sep 2
Last Checked: Sep 5 at 6:09AM
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 Steven Harvey
Investment Insights
Based on property information with market context.
Approximately 4,176 square foot former Zips Car Wash is now available for sale and features an automated wash tunnel, office with restroom, storage areas, and a dumpster enclosure. The site also includes a drive-up payment kiosk and approximately 14 vacuum stalls, providing a functional setup for continued car wash operations.
The property is located along North State Line Avenue with excellent visibility, in a retail corridor near major national retailers including Walmart, Albertsons, and Starbucks. The avenue sees an annual average daily traffic count of approximately 22,240 vehicles.
For buyers considering alternatives, the property is described as potentially suitable for redevelopment into a quick-service restaurant or other service-oriented retail.
The property is located along North State Line Avenue with excellent visibility, in a retail corridor near major national retailers including Walmart, Albertsons, and Starbucks. The avenue sees an annual average daily traffic count of approximately 22,240 vehicles.
For buyers considering alternatives, the property is described as potentially suitable for redevelopment into a quick-service restaurant or other service-oriented retail.
Key Highlights
- 4,176 SF former Zips Car Wash built in 2016, now available for sale
- Automated wash tunnel plus drive‑up payment kiosk for streamlined customer service
- Office with restroom and dedicated storage areas
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
$74,266
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
8.25%
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%
$1,485,320
$1.5M
Cap Rate 7%
$1,060,943
$1.1M
Cap Rate 9%
$825,178
$825.2K
Market Conditions
NOI Build-Up for 4,176 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
$104.2K $24.96/SF
− Vacancy
−$5.2K −$1.25/SF
EGI
$99.0K $23.71/SF
− OpEx
−$24.8K −$5.93/SF
NOI
$74.3K $17.78/SF
Area
Bowie County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,485,320
Cap Rate 7%
$1,060,943
Cap Rate 9%
$825,178
Alternative Uses
Best Use
Specialty Retail
$1.06M
$928.3K – $1.24M
NOI $74,266 @ 7.0% cap · market cap 8.25%
Second Best
Retail
$990.2K
$866.4K – $1.16M
NOI $69,315 @ 7.0% cap · market cap 7.70%
Theoretical Best
Hotel Hospitality
$3.15M
$2.75M – $3.67M
NOI $220,180 @ 7.0% cap · market cap 24.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,240 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
353k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Superstores 25%
Shops & Services 22%
Groceries 7%
Walmart
Superstores
89,199 visits/mo
0.2 miles
Whataburger
Dining
30,666 visits/mo
0.2 miles
McDonald's
Dining
27,458 visits/mo
0.3 miles
Murphy USA
Shops & Services
25,229 visits/mo
0.2 miles
Albertsons
Groceries
24,276 visits/mo
0.1 miles
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Well-maintained automated wash tunnel with office, restroom, storage, vacuum stalls, and drive-up payment kiosk.
Where is this car wash located?
The property is located at 4311 N State Line Ave Texarkana, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,176 SF former Zips Car Wash built in 2016, now available for sale; Automated wash tunnel plus drive‑up payment kiosk for streamlined customer service; Office with restroom and dedicated storage areas
