Self-Service Car Wash
For Sale
Contact for pricing
1766 S State Hwy 78, Wylie, TX 75098
Two vacant automotive service properties offer existing improvements and infrastructure along established retail corridors.
Property Size4,200 SF
Price / SF$261.90
Days on Market154
Property Features for 1766 S State Hwy 78
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail, Special Purpose
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
2007
Listing Agency:
Colliers - Dallas, Texas
(972) 759-7814
Listed By:
Zachary Ficke · License #TX 688207
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 2:05AM
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 Colliers - Dallas, Texas
Investment Insights
Based on property information with market context.
This offering includes two vacant self-service car wash properties in Wylie, Texas. The sites contain existing car wash improvements and established infrastructure, giving the buyer a physical base for continued automotive service use or future repositioning. The property information identifies a total size of 4,200 square feet and a 2007 construction year.
The facilities are positioned along retail corridors described as high-traffic locations, with visibility and accessibility noted for both sites. One property is located at 1766 S State Hwy 78, Wylie, TX 75098. Commercial zoning supports the property's existing commercial context. The offering provides an established car wash configuration within the Dallas-Fort Worth metroplex.
The facilities are positioned along retail corridors described as high-traffic locations, with visibility and accessibility noted for both sites. One property is located at 1766 S State Hwy 78, Wylie, TX 75098. Commercial zoning supports the property's existing commercial context. The offering provides an established car wash configuration within the Dallas-Fort Worth metroplex.
Key Highlights
- Two vacant self‑service car wash properties included
- 4,200 square feet of property size
- Existing car wash improvements and established infrastructure
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
$72,331
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
6.58%
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%
$1,446,620
$1.4M
Cap Rate 7%
$1,033,300
$1.0M
Cap Rate 9%
$803,678
$803.7K
Market Conditions
NOI Build-Up for 4,200 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
$101.3K $24.12/SF
− Vacancy
−$4.9K −$1.16/SF
EGI
$96.4K $22.96/SF
− OpEx
−$24.1K −$5.74/SF
NOI
$72.3K $17.22/SF
Area
Collin County, TX
Vacancy
4.80%
Lease Rate
$24.12 /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%
$1,446,620
Cap Rate 7%
$1,033,300
Cap Rate 9%
$803,678
Alternative Uses
Best Use
Industrial
$4.17M
$3.65M – $4.87M
NOI $292,136 @ 7.0% cap · market cap 26.56%
Second Best
Specialty Retail
$1.03M
$904.1K – $1.21M
NOI $72,331 @ 7.0% cap · market cap 6.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 5%
Electronics 2%
Beauty & Spa 2%
Chick-fil-A
Dining
36,503 visits/mo
0.4 miles
McDonald's
Dining
33,278 visits/mo
0.5 miles
Whataburger
Dining
26,709 visits/mo
0.3 miles
Jack in the Box
Dining
12,625 visits/mo
0.3 miles
SONIC Drive In
Dining
12,106 visits/mo
0.4 miles
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
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?
Self service car wash - Two vacant automotive service properties offer existing improvements and infrastructure along established retail corridors.
Where is this self service car wash located?
The property is located at 1766 S State Hwy 78 Wylie, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two vacant self‑service car wash properties included; 4,200 square feet of property size; Existing car wash improvements and established infrastructure
