Six-Bay Self-Service Car
For Sale
$998,000
1545 Everman Parkway, Everman, TX 76140
Coin-operated wash property with an insulated service shop, office, restroom, vending, and security systems.
Property Size4,700 SF
Price / SF$212.34
Days on Market10
Property Features for 1545 Everman Parkway
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Business
Warehouse & Industrial
Warehouse Space
2,400 SF
Dock-High Doors
1
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Business Included
Yes
Car Wash Bays
6
Amenities
3-phase power transformer
heavy-duty concrete flooring
airconditioned office
restroom
dock door
employee door
overhead doors
security system
Building Details
Year Built
1985
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Rene Jensen · License #9004811
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 22 at 4:37AM
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 Attlee Realty, LLC
Investment Insights
Based on property information with market context.
This self-service car wash combines a six-bay wash operation with a 4,700-square-foot commercial property. The site includes five vacuums, two change machines, vending machines, and an 8-camera closed-circuit TV system supported by DVR recording and a burglar alarm.
An insulated 2,400-square-foot shop provides two bay doors, an employee entrance, an air-conditioned office, and a restroom. The building also features heavy-duty concrete flooring for machinery and a 3-phase power transformer. A current tenant is in place and may either remain or relocate. Built in 1985, the property is offered with both the real estate and the car wash operation.
An insulated 2,400-square-foot shop provides two bay doors, an employee entrance, an air-conditioned office, and a restroom. The building also features heavy-duty concrete flooring for machinery and a 3-phase power transformer. A current tenant is in place and may either remain or relocate. Built in 1985, the property is offered with both the real estate and the car wash operation.
Key Highlights
- Six‑bay self‑service coin car wash with five vacuums
- 2,400‑square‑foot insulated shop with air‑conditioned office
- Two bay doors, one employee door, and a restroom
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
$78,012
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
7.82%
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%
$1,560,240
$1.6M
Cap Rate 7%
$1,114,457
$1.1M
Cap Rate 9%
$866,800
$866.8K
Market Conditions
NOI Build-Up for 4,700 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
$117.3K $24.96/SF
− Vacancy
−$5.9K −$1.25/SF
EGI
$111.4K $23.71/SF
− OpEx
−$33.4K −$7.11/SF
NOI
$78.0K $16.60/SF
Area
Tarrant 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 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%
$1,560,240
Cap Rate 7%
$1,114,457
Cap Rate 9%
$866,800
Alternative Uses
Best Use
Retail
$1.11M
$975.2K – $1.30M
NOI $78,012 @ 7.0% cap · market cap 7.82%
Second Best
Specialty Retail
$1.02M
$889.9K – $1.19M
NOI $71,191 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,733 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Coin-operated wash property with an insulated service shop, office, restroom, vending, and security systems.
Where is this self service car wash located?
The property is located at 1545 Everman Parkway Everman, TX.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Six‑bay self‑service coin car wash with five vacuums; 2,400‑square‑foot insulated shop with air‑conditioned office; Two bay doors, one employee door, and a restroom
