223 Oaklawn Ave, Corsicana, TX 75110
Established car wash with six wash bays and four vacuum bays, plus office and storage on Oaklawn Ave.
- Added:
- May 26, 2026
- Days on Market:
- 27
- Last Refresh:
- Jun 20 at 7:43 am
Property Features for 223 Oaklawn Ave
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Lot size
- 0.71 Acres
Listing agent Laura Smith License #0645005 (817) 795-2500
Listing office Keller Williams Lonestar DFW (817) 795-2500
Listing date May 26, 2026
Source Exprealty
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HighLights
- Established self‑service car wash on busy Oaklawn Drive in Corsicana
- Approximately 0.71 acres with 6 wash bays and 4 vacuum bays
- Includes small office space on‑site
- On‑site storage building included
- Located near residential neighborhoods and retail
Overview
Located at 223 Oaklawn Ave in Corsicana, TX, the car wash is positioned on Oaklawn Drive in a high-traffic area. The property benefits from visibility to passing motorists and sits near residential neighborhoods and retail, supporting convenient access for customers who are already in the area.
For buyers and operator-users, the layout supports a streamlined self-service model with separate wash and vacuum bays, on-site office space, and storage. With the core infrastructure already in place, it offers a practical option for those seeking to own a functioning automotive-related facility in a busy commercial corridor.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $24.96 |
| − Vacancy | −$2.6k | −$1.25 |
| EGI | $50.1k | $23.71 |
| − OpEx | −$12.5k | −$5.93 |
| NOI | $37.6k | $17.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corsicana
- County
- Navarro
- State
- Texas
- Longitude
- -96.471422
- Latitude
- 32.10092
