San Marcos Car Wash
For Sale
$675,000
2106 Hunter Rd, San Marcos, TX 78666
0.68 acre car wash property for repurposing in San Marcos.
Property Size3,892 SF
Lot Size0.68 Acres
Days on Market167
Property Features for 2106 Hunter Rd
General Information
Standard status
Active
Size
3,892 SF
Lot size
0.68 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,092
Building Details
Building Size
3,892 SF
Year Built
2001
Listing Agency:
Texias LLC
(512) 914-7227
Listed By:
John Mccrocklin
(512) 914-7227
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 24 at 8:53AM
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 Texias LLC
Investment Insights
Based on property information with market context.
This property features an existing five-bay Thermal Jet Car Wash situated on 0.68 acres. Zoned GC, General Commercial, the site is suitable for repurposing due to the increasing prevalence of tunnel washes. Potential alternative uses include fast food or coffee drive-through, or lube and alignment services. The property benefits from a 30-foot cross-access driveway parallel to Hunter Road, providing access to medical offices. Existing improvements such as concrete flatwork, a detention pond, and city water and wastewater service enhance the property's value for conversion. As-built plans and a site plan are available. A 2022 TxDOT study indicates high traffic counts, with 29,697 vehicles per day on Wonder World Drive and 34,943 vehicles per day on Hunter Road/FM 2439.
Key Highlights
- Excellent traffic counts: High visibility location on Wonder World Drive and Hunter Road.
- Zoned GC, General Commercial: Suitable for various business types.
- Existing infrastructure: Includes concrete flatwork, detention pond, and city water/wastewater service.
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
$34,823
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
5.16%
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%
$696,460
$696.5K
Cap Rate 7%
$497,471
$497.5K
Cap Rate 9%
$386,922
$386.9K
Market Conditions
NOI Build-Up for 3,892 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
$57.9K $14.88/SF
− Vacancy
−$8.2K −$2.10/SF
EGI
$49.7K $12.78/SF
− OpEx
−$14.9K −$3.83/SF
NOI
$34.8K $8.95/SF
Area
Hays County, TX
Vacancy
14.10%
Lease Rate
$14.88 /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%
$696,460
Cap Rate 7%
$497,471
Cap Rate 9%
$386,922
Alternative Uses
Best Use
Specialty Retail
$1.05M
$917.8K – $1.22M
NOI $73,426 @ 7.0% cap · market cap 10.88%
Second Best
Retail
$979.0K
$856.6K – $1.14M
NOI $68,531 @ 7.0% cap · market cap 10.15%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,887 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 26%
Home Improvements & Furnishings 10%
Groceries 7%
Chevron
Shops & Services
10,351 visits/mo
0.2 miles
Garcia's Mexican Restaurant
Dining
10,138 visits/mo
0.3 miles
Dollar General
Shops & Services
9,066 visits/mo
0.3 miles
McCoy's Building Supply
Home Improvements & Furnishings
3,909 visits/mo
0.1 miles
Twin Liquors
Groceries
2,725 visits/mo
0.1 miles
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
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 - 0.68 acre car wash property for repurposing in San Marcos.
Where is this car wash located?
The property is located at 2106 Hunter Rd San Marcos, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Excellent traffic counts: High visibility location on Wonder World Drive and Hunter Road.; Zoned GC, General Commercial: Suitable for various business types.; Existing infrastructure: Includes concrete flatwork, detention pond, and city water/wastewater service.
