Touchless In-Bay Car
For Sale
$500,000
1704 Teasley Ln, Denton, TX 76205
Facility includes triple filtration, two vacuum stations, and dedicated support rooms for daily operations.
Property Size1,886 SF
Price / SF$265.11
Days on Market37
Property Features for 1704 Teasley Ln
General Information
Standard status
Active
Size
1,886 SF
Site & Location
Traffic Count
129,875 vehicles/day
Highway Access
Yes
Amenities
designer wood-finished office
storage area
chemical room
restroom
Building Details
Year Built
2004
Listing Agency:
C21 Fine Homes Judge Fite
(817) 960-9611
Listed By:
Heather Baker · License #0682158
Source:
Thecamigroup
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 25 at 5:38AM
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 C21 Fine Homes Judge Fite
Investment Insights
Based on property information with market context.
The property is an 1,886-square-foot touchless in-bay car wash built in 2004. Its equipment includes a triple filtration system and two vacuum stations. Supporting areas include a wood-finished office, storage area, chemical room, and restroom, providing dedicated space for administration, supplies, and wash-related operations.
Located at 1704 Teasley Ln in Denton, the property is near I-35 and Teasley Lane-FM 2181. The site has approximately 129,875 combined corridor exposure, with surrounding residential, commuter, and student traffic identified in the property information. Denton is also home to the University of North Texas and Texas Woman’s University.
Located at 1704 Teasley Ln in Denton, the property is near I-35 and Teasley Lane-FM 2181. The site has approximately 129,875 combined corridor exposure, with surrounding residential, commuter, and student traffic identified in the property information. Denton is also home to the University of North Texas and Texas Woman’s University.
Key Highlights
- Touchless in‑bay car wash with triple filtration system
- 1,886‑square‑foot facility built in 2004
- Two vacuum stations 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
$32,420
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
6.48%
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%
$648,400
$648.4K
Cap Rate 7%
$463,143
$463.1K
Cap Rate 9%
$360,222
$360.2K
Market Conditions
NOI Build-Up for 1,886 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
$45.3K $24.00/SF
− Vacancy
−$2.0K −$1.08/SF
EGI
$43.2K $22.92/SF
− OpEx
−$10.8K −$5.73/SF
NOI
$32.4K $17.19/SF
Area
Denton, TX
Vacancy
4.50%
Lease Rate
$24.00 /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%
$648,400
Cap Rate 7%
$463,143
Cap Rate 9%
$360,222
Alternative Uses
Best Use
Specialty Retail
$463.1K
$405.3K – $540.3K
NOI $32,420 @ 7.0% cap · market cap 6.48%
Second Best
Retail
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$589.2K
$515.6K – $687.5K
NOI $41,247 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
129,875 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 42%
Apparel 6%
Hotels & Casinos 3%
RaceTrac
Shops & Services
17,033 visits/mo
0.3 miles
7-Eleven
Shops & Services
14,168 visits/mo
0.1 miles
Rudy's Country Store & Bar-B-Q
Dining
10,212 visits/mo
0.2 miles
Applebee's
Dining
8,149 visits/mo
0.1 miles
Outback Steakhouse
Dining
6,590 visits/mo
0.4 miles
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Facility includes triple filtration, two vacuum stations, and dedicated support rooms for daily operations.
Where is this car wash located?
The property is located at 1704 Teasley Ln Denton, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Touchless in‑bay car wash with triple filtration system; 1,886‑square‑foot facility built in 2004; Two vacuum stations included
