Self-Service Car
For Sale
$250,000
309 FM 506, Santa Rosa, TX 78552
For sale self-service car wash property known as Warrior Car Wash.
Property Size2,187 SF
Price / SF$114.31
Days on Market477
Property Features for 309 FM 506
General Information
Standard status
Active
Size
2,187 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,551
Amenities
3
Parking.
6 Parking Spaces. Paved Driveway, Off Street.
Downtown, City Road.
Building Details
Year Built
2004
Listing Agency:
(956) 432-0136
Listed By:
Vision Real Estate
(956) 451-1573
Source:
Xome
Added: May 15, 2025
Changed: Sep 1
Last Checked: Sep 2 at 1:21PM
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 Vision Real Estate
Investment Insights
Based on property information with market context.
This for-sale self-service car wash property is branded as Warrior Car Wash and is classified as an automotive and retail-related commercial asset. The offering includes a car wash facility configured for self-service operation.
The property is located at 309 FM 506 in Santa Rosa, Texas. Interested parties can review details and operating information directly with the listing broker.
At approximately 2,187 square feet, the asset is sized for a dedicated car wash use.
The property is located at 309 FM 506 in Santa Rosa, Texas. Interested parties can review details and operating information directly with the listing broker.
At approximately 2,187 square feet, the asset is sized for a dedicated car wash use.
Key Highlights
- Self‑service car wash property known as Warrior Car Wash
- Year built: 2004
- 3 guest facilities
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
$22,297
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
8.92%
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%
$445,940
$445.9K
Cap Rate 7%
$318,529
$318.5K
Cap Rate 9%
$247,744
$247.7K
Market Conditions
NOI Build-Up for 2,187 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
$31.5K $14.40/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$29.7K $13.59/SF
− OpEx
−$7.4K −$3.40/SF
NOI
$22.3K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /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%
$445,940
Cap Rate 7%
$318,529
Cap Rate 9%
$247,744
Alternative Uses
Best Use
Specialty Retail
$318.5K
$278.7K – $371.6K
NOI $22,297 @ 7.0% cap · market cap 8.92%
Second Best
Retail
$297.3K
$260.1K – $346.8K
NOI $20,810 @ 7.0% cap · market cap 8.32%
Theoretical Best
Healthcare Medical
$376.6K
$329.5K – $439.3K
NOI $26,359 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 78552, TX
38,474
Population
16,009
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
48.0 sq mi
ZIP Area
802
Density / Sq Mi
$67,183
Median Household Income
$34,571
Median Earnings
$1,054
Median Rent
$154,500
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?
Self service car wash - For sale self-service car wash property known as Warrior Car Wash.
Where is this self service car wash located?
The property is located at 309 FM 506 Santa Rosa, 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: Self‑service car wash property known as Warrior Car Wash; Year built: 2004; 3 guest facilities
