Car Wash with Studio
1445 W 2nd Avenue, Corsicana, TX 75110
For Sale
$370,000
CommercialSale, Corsicana, TX
Property Size1,953 SF
Lot Size0.48 Acres
Price / SF$189.45
Days on Market47
Property Features for 1445 W 2nd Avenue
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Lonestar DFW · Keller Williams Realty
Listed By:
Christina Cerda · License #0776357
(817) 795-2500
Added: Sep 22
Changed: Oct 6
Last Checked: Nov 7 at 7:06AM
MLS# 21387191
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This car wash property includes operating wash bays, a small studio apartment, and supporting income components from an ice machine and food truck rental. Recent property updates include the car wash control and chemical dispensing system along with the water heater.
Located at 1445 W 2nd Avenue in Corsicana, the property occupies 0.475 acres and contains 1953 square feet of improvements. The 1987 building has brick construction, concrete flooring, a metal roof, and wall-unit cooling. Public water and public sewer serve the site.
Located at 1445 W 2nd Avenue in Corsicana, the property occupies 0.475 acres and contains 1953 square feet of improvements. The 1987 building has brick construction, concrete flooring, a metal roof, and wall-unit cooling. Public water and public sewer serve the site.
Key Highlights
- Operating car wash bays with updated control and chemical dispensing system
- 0.475 acres with 1953 square feet of improvements
- Small studio apartment included on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,417
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,340
$648.3K
Cap Rate 7%
$463,100
$463.1K
Cap Rate 9%
$360,189
$360.2K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$48.7K $24.96/SF
− Vacancy
−$2.4K −$1.25/SF
EGI
$46.3K $23.71/SF
− OpEx
−$13.9K −$7.11/SF
NOI
$32.4K $16.60/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,340
Cap Rate 7%
$463,100
Cap Rate 9%
$360,189
Alternative Uses
Best Use
Specialty Retail
$496.2K
$434.2K – $578.9K
NOI $34,732 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$463.1K
$405.2K – $540.3K
NOI $32,417 @ 7.0% cap · market cap 8.76%
Theoretical Best
Multifamily LT 5
$21.46M
$18.77M – $25.03M
NOI $1,501,902 @ 7.0% cap · market cap 405.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - Operating wash bays are paired with updated control equipment and a small studio apartment.
Where is this car wash located?
The property is located at 1445 W 2nd Avenue Corsicana, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Operating car wash bays with updated control and chemical dispensing system; 0.475 acres with 1953 square feet of improvements; Small studio apartment included on site
