Two-Location Self-Service Car Wash
New
For Sale
$3,100,000
16102 Spring Cypress Rd, Houston, TX 77429
The package combines two operating wash businesses with ownership of both underlying sites.
Property Size8,862 SF
Lot Size1.15 Acres
Price / SF$349.81
Days on Market4
Property Features for 16102 Spring Cypress Rd
General Information
Standard status
Active
Size
8,862 SF
Lot size
1.15 Acres
Property subtype
Car Wash
Financials
Asking Price
$3,100,000
Business Included
Yes
Additional Details
Road Access
Yes
Amenities
Two Operating Self-Serve Car Washes | Business + Real Estate Acquisition
$307,426 Combined EBITDA | 9.92% EBITDA Yield at $3,100,000
Seller Upside Initiatives Underway | 10.81% Mid-Case Pro Forma Yield (Seller Estimate)
Potential 100% Bonus Depreciation Eligibility
±8,862 SF Combined on ±1.15 AC | Built 2004 and 2006
Signalized Locations on Spring Cypress Rd (±21,459 VPD) and Louetta Rd (±17,195 VPD)
Building Details
Building Size
8,862 SF
Buildings
2
Listing Agency:
Los Angeles Office
Listed By:
Rob Narchi · License #License(s): CA: 01788517, CA: 01324570
(310) 909-5426
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 9 at 4:19PM
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 Los Angeles Office
Investment Insights
Based on property information with market context.
This offering brings together two operating self-service car washes and the real estate beneath them. The Spring Cypress Road property, built in 2004, contains ±4,730 square feet on ±0.63 acres. The Louetta Road location, built in 2006, has ±4,132 square feet on ±0.52 acres. Combined, the sites comprise ±8,862 square feet and ±1.15 acres.
The Spring Cypress Road site is at the signalized Barker Cypress Road intersection, alongside Walgreens, Dollar Tree, O'Reilly Auto Parts, and Chevron. The Louetta Road property is near the signalized North Eldridge Drive intersection, with CVS, Chase, Wendy's, and Texaco nearby. The two sites are in Cypress, within the Northwest Houston market.
The Spring Cypress Road site is at the signalized Barker Cypress Road intersection, alongside Walgreens, Dollar Tree, O'Reilly Auto Parts, and Chevron. The Louetta Road property is near the signalized North Eldridge Drive intersection, with CVS, Chase, Wendy's, and Texaco nearby. The two sites are in Cypress, within the Northwest Houston market.
Key Highlights
- Two operating self‑service car washes with the underlying real estate included
- Combined area of ±8,862 square feet on ±1.15 acres
- Spring Cypress Road site: built 2004; ±4,730 SF on ±0.63 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,386
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,727,720
$2.7M
Cap Rate 7%
$1,948,371
$1.9M
Cap Rate 9%
$1,515,400
$1.5M
Market Conditions
NOI Build-Up for 8,862 SF
Gross rent
$191.4K $21.60/SF
− Vacancy
−$9.6K −$1.08/SF
EGI
$181.8K $20.52/SF
− OpEx
−$45.5K −$5.13/SF
NOI
$136.4K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,727,720
Cap Rate 7%
$1,948,371
Cap Rate 9%
$1,515,400
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,386 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$1.72M
$1.50M – $2.00M
NOI $120,165 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,516 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Circle K
Shops & Services
20,526 visits/mo
0.4 miles
Shipley Do-Nuts
Dining
7,451 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
3,972 visits/mo
0.4 miles
Smoothie King
Dining
3,919 visits/mo
0.4 miles
Hartz Chicken Buffet
Dining
3,497 visits/mo
0.5 miles
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - The package combines two operating wash businesses with ownership of both underlying sites.
Where is this self service car wash located?
The property is located at 16102 Spring Cypress Rd Houston, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Two operating self‑service car washes with the underlying real estate included; Combined area of ±8,862 square feet on ±1.15 acres; Spring Cypress Road site: built 2004; ±4,730 SF on ±0.63 acres
