Self-Service Car
For Sale
$250,000
Pending
1709 Mcclellan Court, Fort Worth, TX 76112
The property includes covered and open parking with asphalt and concrete surfaces.
Property Size2,838 SF
Days on Market17
Property Features for 1709 Mcclellan Court
General Information
Standard status
Pending
Size
2,838 SF
Zoning
See City of Fort Worth
Taxes and HOA fees
Annual Taxes
$6,304
Amenities
Other
Additional Parking, Asphalt, Common, Concrete, Covered, Direct Access, Open, Other
Building Details
Building Size
2,838 SF
Year Built
1973
Stories
1
Listing Agency:
Rafael J. Gregorio Jr
Listed By:
David Caldwell · License #0714857
(972) 464-8922
Source:
Evrealestate
Added: Sep 29
Changed: Oct 11
Last Checked: Oct 14 at 10:30PM
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 Rafael J. Gregorio Jr
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Investment Insights
Based on property information with market context.
This self-service car wash was built in 1973. Exterior parking features include covered and open areas, with asphalt and concrete surfaces and direct access.
The property is at 1709 McClellan Court in Fort Worth, Tarrant County.
The property is at 1709 McClellan Court in Fort Worth, Tarrant County.
Key Highlights
- Built in 1973
- Covered and open parking areas with asphalt and concrete surfaces
- Direct access to the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,907
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,140
$358.1K
Cap Rate 7%
$255,814
$255.8K
Cap Rate 9%
$198,967
$199.0K
Market Conditions
NOI Build-Up for 2,838 SF
Gross rent
$28.3K $9.96/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$25.6K $9.01/SF
− OpEx
−$7.7K −$2.70/SF
NOI
$17.9K $6.31/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,140
Cap Rate 7%
$255,814
Cap Rate 9%
$198,967
Alternative Uses
Best Use
Specialty Retail
$698.2K
$610.9K – $814.6K
NOI $48,875 @ 7.0% cap · market cap 19.55%
Second Best
Retail
$651.7K
$570.2K – $760.3K
NOI $45,617 @ 7.0% cap · market cap 18.25%
Theoretical Best
Office A
$1.03M
$902.1K – $1.20M
NOI $72,165 @ 7.0% cap · market cap 28.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 76112, TX
43,132
Population
19,077
Households
2.3
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
11.3 sq mi
ZIP Area
3,817
Density / Sq Mi
$56,179
Median Household Income
$35,543
Median Earnings
$1,215
Median Rent
$207,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Self service car wash - The property includes covered and open parking with asphalt and concrete surfaces.
Where is this self service car wash located?
The property is located at 1709 Mcclellan Court Fort Worth, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Built in 1973; Covered and open parking areas with asphalt and concrete surfaces; Direct access to the property
