Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24650 Morton Ranch Rd Katy, TX 77493

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,058,416

    Express car wash property for sale in Katy, Texas.

    Property size:
    4,457 SF
    Lot size:
    1.34 Acres

    Property Features for 24650 Morton Ranch Rd

    General Information

    Standard status
    Active
    Size
    4,457 SF
    Lot size
    1.34 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Alvin Mansour
    Alvin Mansour
    Source: Crexi

    Listing Agency: Marcus & Millichap - San Diego Listing Agent: Alvin Mansour

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Clearwater Express Car Wash Property

    The property is an express car wash. The property size is 4457 square feet. Additional information can be found on the property website.
    Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.735977
    Latitude
    29.816139

    Nearby Similar for Sale

    • $3,999,999

      Sophisticated Gated Estate with Pond

      10-acre estate with guest quarters, pond, and garages.
      29315 Stockdick Rd, Katy, TX 77493
      View Details
    • $1,750,000

      Unrestricted Land in Prime Location

      9.08 acres in Katy, suitable for residential or commercial use.
      8850 Katy Hockley Rd, Katy, TX 77493
      View Details
    • $4,499,999
      4,242 SF

      Express Car Wash Opportunity

      Express car wash for sale in high-growth Houston market.
      19533 Clay Rd, Katy, TX 77449
      View Details
    • New
      Contact for pricing
      8,737 SF

      Katy Retail Investment Opportunity

      Retail property in Katy, TX, with NNN lease agreements.
      1815 S Mason Rd, Katy, TX 77450
      View Details
    • $1,500,000
      1,959 SF

      Farmhouse on Unrestricted Land

      Charming farmhouse on 5.5 acres near Sunterra community.
      5644 Pitts Rd, Katy, TX 77493
      View Details
    • $2,120,000

      Unrestricted Tract on Greenbusch Rd

      3-acre unrestricted tract with frontage on Greenbusch Road.
      3116 Greenbusch Rd, Katy, TX 77494
      View Details
    • $5,000,000
      Pending

      Unrestricted Katy Acreage with Custom Home

      Stunning 40-acre unrestricted property with custom ranch house in Katy.
      8506 Katy Hockley Rd, Katy, TX 77493
      View Details
    • $6,144,000

      Katy Multifamily Property on Acres

      Income-producing multifamily property on approximately 31.987 acres near I-10.
      6429 Foxtrot Ln, Katy, TX 77493
      View Details
    • Contact for pricing
      8,573 SF

      Newly Renovated Fogo de Chao

      NNN leased Fogo de Chao in Katy, Texas for sale.
      222 W Grand Pkwy S, Katy, TX 77494
      View Details
    • $1,850,000

      Katy Warehouse with Large Lot

      6,000 SF warehouse on over half-acre lot in Old Katy.
      5305 5Th St, Katy, TX 77493
      View Details
    • $2,000,000

      Unrestricted Land in Prime Location

      10-acre unrestricted land with agricultural exemptions in a high-growth area.
      24200 Longenbaugh Rd, Katy, TX 77493
      View Details
    • $259,999

      Commercial Business Opportunity in Katy

      Commercial property for sale in an excellent location.
      5720 Roberts Rd, Katy, TX 77494
      View Details

    FAQs

    What type of property is this?
    Car wash - Express car wash property for sale in Katy, Texas.
    Where is this car wash located?
    The property is located at 24650 Morton Ranch Rd Katy, TX.
    What is the asking price?
    The asking price for this property is $6,058,416.
    What are key features of this property?
    This property features: - Property Website with Full Marketing Package Available.; - Clearwater Express Car Wash.; - Built in 2025.
    (858) 373-3184
    Request Owner's contact information
    24650 Morton Ranch Rd Katy, TX 77493
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24650 Morton Ranch Rd
    Katy, TX 77493
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24650 Morton Ranch Rd Katy, TX 77493
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alvin Mansour
    Alvin Mansour
    Real Estate License ID: 0606255
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!