Operating Car Wash
For Sale
$1,260,000
2124 E 8th St, Odessa, TX 79761
Hard-corner commercial site with dedicated plumbing and access to established city corridors.
Property Size2,705 SF
Lot Size0.46 Acres
Price / SF$465.80
Days on Market113
Property Features for 2124 E 8th St
General Information
Standard status
Active
Size
2,705 SF
Lot size
0.46 Acres
Property subtype
Retail - Freestanding
Additional Details
Road Access
Yes
Building Details
Building Size
2,705 SF
Year Built
2015
Buildings
1
Listing Agency:
Moriah Brokerage Services
Listed By:
Hunter Hickok
(907) 321-3151
Source:
Commercialcafe
Added: Jun 23
Changed: Oct 12
Last Checked: Oct 12 at 5:11PM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
This operating car wash property includes a 2,705-square-foot facility on approximately 0.46 acres. Built in 2015, the improvements include plumbing designed to support the car wash system and ongoing facility operations.
The site occupies the southwest corner of East 8th Street and Express Way in Odessa, providing corner positioning and direct access within a commercial setting. Nearby businesses include retail, service, and other commercial uses, while the property connects with major corridors serving the city. The combination of an operating facility, dedicated infrastructure, and visible corner placement supports continued car wash operations.
The site occupies the southwest corner of East 8th Street and Express Way in Odessa, providing corner positioning and direct access within a commercial setting. Nearby businesses include retail, service, and other commercial uses, while the property connects with major corridors serving the city. The combination of an operating facility, dedicated infrastructure, and visible corner placement supports continued car wash operations.
Key Highlights
- Operating car wash facility built in 2015
- 2,705 SF building on approximately 0.46 acres
- Southwest corner of East 8th Street and Express Way
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,225
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,500
$724.5K
Cap Rate 7%
$517,500
$517.5K
Cap Rate 9%
$402,500
$402.5K
Market Conditions
NOI Build-Up for 2,705 SF
Gross rent
$51.9K $19.20/SF
− Vacancy
−$3.6K −$1.34/SF
EGI
$48.3K $17.86/SF
− OpEx
−$12.1K −$4.46/SF
NOI
$36.2K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,500
Cap Rate 7%
$517,500
Cap Rate 9%
$402,500
Alternative Uses
Best Use
Industrial
$2.29M
$2.01M – $2.68M
NOI $160,531 @ 7.0% cap · market cap 12.74%
Second Best
Specialty Retail
$517.5K
$452.8K – $603.8K
NOI $36,225 @ 7.0% cap · market cap 2.88%
Theoretical Best
Flex RnD
$3.93M
$3.44M – $4.59M
NOI $275,272 @ 7.0% cap · market cap 21.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
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
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Frequently Asked Questions
What type of property is this?
Car wash - Hard-corner commercial site with dedicated plumbing and access to established city corridors.
Where is this car wash located?
The property is located at 2124 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Operating car wash facility built in 2015; 2,705 SF building on approximately 0.46 acres; Southwest corner of East 8th Street and Express Way
