223 Oaklawn Drive Corsicana, TX 75110
COMMERCIAL - Corsicana, TX
- Added:
- Jun 24, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 223 Oaklawn Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 32757
- Size
- 2,112 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Description
- C0000 CORSICANA BLK 319G LOT 1-A 0.71 ACRES
- Tax Annual Amount
- 3379
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Metal
Listing agent Laura Smith License #0645005 (817) 795-2500
Listing office Keller Williams Lonestar DFW Arlington, TX (817) 795-2500
Listing date Jun 24, 2026
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on Oaklawn Drive in Corsicana, the site offers visibility from a busy corridor. The lot is approximately 0.71 acres and includes a corner area leased for an ice machine that is not owned by the seller, with the lease generating $500 per month.
For owner-operators and investors seeking a turnkey automotive wash operation, the combination of wash bays, vacuum bays, and supporting office/storage space supports straightforward use without requiring immediate major buildout. The existing ice machine lease provides an additional, separately leased income component while leaving room for the wash operation to remain the primary focus of the site.
Key Highlights
- Established self‑service car wash on Oaklawn Dr in Corsicana on a 0.71‑acre lot
- 6 wash bays and 4 vacuum bays
- Metal roof; brick construction; concrete flooring
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 |
