6-Bay Self-Service Car
New
For Sale
$850,000
1425 Polo Road, Grand Prairie, TX 75052
Covered wash areas, payment stations and dedicated equipment space serve an active car wash operation.
Property Size2,286 SF
Days on Market2
Property Features for 1425 Polo Road
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Car Wash Bays
6
Amenities
covered bays
equipment room
pay stations
Building Details
Building Size
2,286 SF
Year Built
1985
Listing Agency:
Our Covenant Realty, LLC
Listed By:
Lexia Crawford · License #0564034
(214) 766-5833
Source:
Baerealty
Added: Sep 26
Last Checked: Sep 26 at 2:14PM
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 Our Covenant Realty, LLC
Investment Insights
Based on property information with market context.
This self-service car wash has six covered bays, a concrete lot, an equipment room and pay stations. All six bays are active. The property was built in 1985.
Located on W Polo Rd in Grand Prairie, the site is surrounded by dense residential areas and is minutes from 360 and I-20.
Located on W Polo Rd in Grand Prairie, the site is surrounded by dense residential areas and is minutes from 360 and I-20.
Key Highlights
- Six active self‑service wash bays
- Covered bays, concrete lot, equipment room and pay stations
- Built in 1985
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
$35,700
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
4.20%
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%
$714,000
$714.0K
Cap Rate 7%
$510,000
$510.0K
Cap Rate 9%
$396,667
$396.7K
Market Conditions
NOI Build-Up for 2,286 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
$49.4K $21.60/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$47.6K $20.82/SF
− OpEx
−$11.9K −$5.21/SF
NOI
$35.7K $15.62/SF
Area
Grand Prairie, TX
Vacancy
3.60%
Lease Rate
$21.60 /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%
$714,000
Cap Rate 7%
$510,000
Cap Rate 9%
$396,667
Alternative Uses
Best Use
Specialty Retail
$510.0K
$446.3K – $595.0K
NOI $35,700 @ 7.0% cap · market cap 4.20%
Second Best
Retail
$449.7K
$393.5K – $524.6K
NOI $31,476 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$642.7K
$562.4K – $749.8K
NOI $44,988 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,182 visits/mo
0.1 miles
Circle K
Shops & Services
5,739 visits/mo
0.1 miles
Demographics for 75052, TX
96,225
Population
33,386
Households
2.9
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
26.4 sq mi
ZIP Area
3,645
Density / Sq Mi
$87,320
Median Household Income
$48,619
Median Earnings
$1,680
Median Rent
$282,100
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
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Frequently Asked Questions
What type of property is this?
Self service car wash - Covered wash areas, payment stations and dedicated equipment space serve an active car wash operation.
Where is this self service car wash located?
The property is located at 1425 Polo Road Grand Prairie, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six active self‑service wash bays; Covered bays, concrete lot, equipment room and pay stations; Built in 1985
