6-Bay Self-Service Car
For Sale
$429,000
223 Oaklawn Drive, Corsicana, TX 75110
CommercialSale, Corsicana, TX
Property Size2,112 SF
Lot Size0.71 Acres
Price / SF$203.13
Days on Market112
Property Features for 223 Oaklawn Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Corsicana
Directions
From 24th in Corsicana, turn onto Oaklawn, follow Oaklawn through the park, pass the YMCA and at the stop sign continue straight, prop is on the right. GPS Available.
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
Legal Description
C0000 CORSICANA BLK 319G LOT 1-A 0.71 ACRES
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
vacuum bays
storage building
office space
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Roof type
Metal
Listing Agency:
Keller Williams Lonestar DFW · Keller Williams Realty
(817) 795-2500
Listed By:
Laura Smith · License #0645005
(770) 503-7070
Added: Jun 24
Changed: Oct 6
Last Checked: Oct 13 at 11:06PM
MLS# 21279207
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.
This self-service car wash occupies approximately 0.71 acres and includes a 2,112-square-foot facility with 6 wash bays and 4 vacuum bays. The improvements also feature a separate storage building and a small office. Brick construction, concrete flooring, a metal roof, public water, and public sewer are reported, with the property built in 1985.
Located at 223 Oaklawn Drive in Corsicana, the site is near residential neighborhoods and retail uses. A corner portion is leased for an ice machine and is not owned by the seller, creating a separate site arrangement for that area.
Located at 223 Oaklawn Drive in Corsicana, the site is near residential neighborhoods and retail uses. A corner portion is leased for an ice machine and is not owned by the seller, creating a separate site arrangement for that area.
Key Highlights
- 6 wash bays and 4 vacuum bays
- Approximately 0.71 acres with a 2,112‑square‑foot facility
- Separate storage building and small office on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,560
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,200
$751.2K
Cap Rate 7%
$536,571
$536.6K
Cap Rate 9%
$417,333
$417.3K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$52.7K $24.96/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$50.1K $23.71/SF
− OpEx
−$12.5K −$5.93/SF
NOI
$37.6K $17.78/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,200
Cap Rate 7%
$536,571
Cap Rate 9%
$417,333
Alternative Uses
Best Use
Specialty Retail
$536.6K
$469.5K – $626.0K
NOI $37,560 @ 7.0% cap · market cap 8.76%
Second Best
Retail
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 8.17%
Theoretical Best
Multifamily LT 5
$23.20M
$20.30M – $27.07M
NOI $1,624,177 @ 7.0% cap · market cap 378.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
Check the figures for this property
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?
Self service car wash - The site includes vacuum bays, a storage building, and a small office.
Where is this self service car wash located?
The property is located at 223 Oaklawn Drive Corsicana, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 6 wash bays and 4 vacuum bays; Approximately 0.71 acres with a 2,112‑square‑foot facility; Separate storage building and small office on site
