Vacant Car Wash
For Sale
Contact for pricing
2951 FM 544, Wylie, TX 75098
Two unoccupied car wash properties are offered together in Wylie, Texas.
Property Size3,048 SF
Price / SF$524.93
Days on Market200
Property Features for 2951 FM 544
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Retail, Special Purpose
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
Colliers - Dallas, Texas
Listed By:
Zachary Ficke · License #TX 688207
(972) 759-7854
Source:
Crexi
Added: Mar 31
Changed: Oct 9
Last Checked: Oct 14 at 8:51PM
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 Colliers - Dallas, Texas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two vacant car wash properties with a combined property size reported at 7,248 square feet. The assets are associated with 2951 FM 544 in Wylie, Texas, within the Dallas-Fort Worth metropolitan area.
Key Highlights
- Two vacant car wash properties offered together
- 7,248 square feet of reported property size
- Located at 2951 FM 544, Wylie, TX 75098
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,492
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,840
$1.0M
Cap Rate 7%
$749,886
$749.9K
Cap Rate 9%
$583,244
$583.2K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$73.5K $24.12/SF
− Vacancy
−$3.5K −$1.16/SF
EGI
$70.0K $22.96/SF
− OpEx
−$17.5K −$5.74/SF
NOI
$52.5K $17.22/SF
Area
Collin 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%
$1,049,840
Cap Rate 7%
$749,886
Cap Rate 9%
$583,244
Alternative Uses
Best Use
Industrial
$3.03M
$2.65M – $3.53M
NOI $212,008 @ 7.0% cap · market cap 13.25%
Second Best
Specialty Retail
$749.9K
$656.2K – $874.9K
NOI $52,492 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
455k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Apparel 23%
Superstores 22%
Dining 17%
Target
Superstores
101,326 visits/mo
0.5 miles
Kohl's
Apparel
50,332 visits/mo
0.3 miles
Ross Dress for Less
Apparel
34,256 visits/mo
0.4 miles
QuikTrip
Shops & Services
30,785 visits/mo
0.3 miles
Five Below
Shops & Services
29,770 visits/mo
0.4 miles
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
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
Frequently Asked Questions
What type of property is this?
Car wash - Two unoccupied car wash properties are offered together in Wylie, Texas.
Where is this car wash located?
The property is located at 2951 FM 544 Wylie, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two vacant car wash properties offered together; 7,248 square feet of reported property size; Located at 2951 FM 544, Wylie, TX 75098
