Five-Location Car Wash
New
For Sale
$1,387,000
2553 Mangum St, Commerce, TX 75428
The sale includes fee-simple ownership of the real estate and improvements at five North Texas wash facilities.
Property Size2,422 SF
Price / SF$572.67
Days on Market5
Property Features for 2553 Mangum St
General Information
Standard status
Active
Size
2,422 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2000
Construction
masonry
Listing Agency:
Attlee Realty, LLC
Listed By:
Melissa Croll · License #9004811
(972) 886-8357
Source:
Yourdavisteam
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 8:19PM
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 Attlee Realty, LLC
Investment Insights
Based on property information with market context.
Five car wash facilities are offered individually or together as a portfolio, with sites in Greenville, Commerce and Wolfe City. The sale includes fee-simple ownership of the real estate and improvements. Each location has wash bays and masonry construction.
The facilities extend across the Greenville–Commerce corridor and into Wolfe City in Hunt County. Commerce accounts for three of the five sites, with one each in Greenville and Wolfe City.
The facilities extend across the Greenville–Commerce corridor and into Wolfe City in Hunt County. Commerce accounts for three of the five sites, with one each in Greenville and Wolfe City.
Key Highlights
- Five car wash locations offered individually or as a portfolio
- Fee‑simple sale includes real estate and improvements
- Three facilities in Commerce, with one each in Greenville and Wolfe City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,711
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,220
$834.2K
Cap Rate 7%
$595,871
$595.9K
Cap Rate 9%
$463,456
$463.5K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$58.4K $24.12/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$55.6K $22.96/SF
− OpEx
−$13.9K −$5.74/SF
NOI
$41.7K $17.22/SF
Area
Hunt County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,220
Cap Rate 7%
$595,871
Cap Rate 9%
$463,456
Alternative Uses
Best Use
Industrial
$2.41M
$2.11M – $2.81M
NOI $168,465 @ 7.0% cap · market cap 12.15%
Second Best
Specialty Retail
$595.9K
$521.4K – $695.2K
NOI $41,711 @ 7.0% cap · market cap 3.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,178 visits/mo
0.2 miles
Valero Energy
Shops & Services
3,835 visits/mo
0.3 miles
Exxon
Shops & Services
2,343 visits/mo
0.2 miles
Demographics for 75428, TX
11,192
Population
4,616
Households
2.4
Avg Household Size
28
Median Age
23%
College-Educated
85%
High-School Grad
92.9 sq mi
ZIP Area
120
Density / Sq Mi
$48,372
Median Household Income
$23,299
Median Earnings
$910
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Car wash - The sale includes fee-simple ownership of the real estate and improvements at five North Texas wash facilities.
Where is this car wash located?
The property is located at 2553 Mangum St Commerce, TX.
What is the asking price?
The asking price for this property is $1,387,000.
What are key features of this property?
This property features: Five car wash locations offered individually or as a portfolio; Fee‑simple sale includes real estate and improvements; Three facilities in Commerce, with one each in Greenville and Wolfe City
