Self-Service Car Wash With
For Sale
$998,000
1545 Everman Parkway, Everman, TX 76140
CommercialSale, Everman, TX
Property Size2,400 SF
Lot Size0.62 Acres
Price / SF$415.83
Days on Market48
Property Features for 1545 Everman Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1 Commercial (NEC) - Car Wash
Parking features
Covered
Subdivision
Waterway Park North
Directions
From Ft. Worth follow I 35 W towards Everman to South Fwy Merge onto I 35W S toward US-377 S Take exit 42 toward Everman Pkwy Merge onto South Fwy Use the right two lanes to merge onto Everman Pkwy Turn left onto Marlene Dr Turn left onto Everman Pkwy Destination on right
Standard status
Active
APN
04883012
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
SHELBY COUNTY SCHOOL LAND SURV ABSTRACT 1375
Tax Annual Amount
7818
Legal Description
SHELBY COUNTY SCHOOL LAND SURV ABSTRACT 1375
Utilities
Cooling system
Ceiling Fan(s), Electric
Water source
Public
Amenities
airconditioned office
dock door
2 bay doors
employee door
3-phase power
heavy-duty concrete flooring
8 camera closed circuit TV
DVR system
burglar alarm
ring doorbell surveillance
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete, Carpet
Building materials
Brick, MetalSiding, Concrete
Roof type
Metal, Flat
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #9004811
(214) 929-3388
Added: Aug 11
Changed: Sep 13
Last Checked: Sep 27 at 12:06PM
MLS# 21356513
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.
Investment Insights
Based on property information with market context.
This self-service car wash combines six customer wash bays with five vacuums, two change machines, and vending machines. The property also includes a 2,400-square-foot insulated warehouse with an air-conditioned office, restroom, employee entry, heavy-duty concrete flooring, and a 3-phase power transformer. Brick, metal siding, and concrete construction are complemented by concrete flooring in the shop area.
Security features include an eight-camera closed-circuit TV system with DVR, burglar alarm, and Ring doorbell surveillance. The site includes covered parking, public water, electric cooling, and a flat and metal roof system. Built in 1985, the property is located at 1545 Everman Parkway in Everman, Texas. The current tenant may remain or relocate, providing flexibility for the next ownership arrangement.
Security features include an eight-camera closed-circuit TV system with DVR, burglar alarm, and Ring doorbell surveillance. The site includes covered parking, public water, electric cooling, and a flat and metal roof system. Built in 1985, the property is located at 1545 Everman Parkway in Everman, Texas. The current tenant may remain or relocate, providing flexibility for the next ownership arrangement.
Key Highlights
- Six‑bay self‑service car wash with five vacuums
- 2,400‑square‑foot insulated warehouse with air‑conditioned office and restroom
- Two change machines and vending machines included
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
$39,836
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
3.99%
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%
$796,720
$796.7K
Cap Rate 7%
$569,086
$569.1K
Cap Rate 9%
$442,622
$442.6K
Market Conditions
NOI Build-Up for 2,400 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
$59.9K $24.96/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$56.9K $23.71/SF
− OpEx
−$17.1K −$7.11/SF
NOI
$39.8K $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%
$796,720
Cap Rate 7%
$569,086
Cap Rate 9%
$442,622
Alternative Uses
Best Use
Retail
$569.1K
$498.0K – $663.9K
NOI $39,836 @ 7.0% cap · market cap 3.99%
Second Best
Specialty Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Coin-operated wash facility with dedicated shop space, office, restroom, equipment infrastructure, 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 car wash with five vacuums; 2,400‑square‑foot insulated warehouse with air‑conditioned office and restroom; Two change machines and vending machines included
