4-Bay Self-Service Car
For Sale
$249,900
309 309 MAIN ST., Santa Rosa, TX 78593
Four self-service bays include one oversized bay for large vehicles plus two vacuum stations with four vacuums.
Property Size3,087 SF
Price / SF$80.95
Days on Market95
Property Features for 309 309 MAIN ST.
General Information
Standard status
Active
Size
3,087 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Service Bays
4
Amenities
3
Building Details
Year Built
2004
Stories
1
Listing Agency:
ROCKING K REALTY & AUCTIONS
Listed By:
MORIAH TELLEZ
(956) 425-0500
Source:
Xome
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 5 at 4:36AM
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 ROCKING K REALTY & AUCTIONS
Investment Insights
Based on property information with market context.
This well-appointed 4-bay self-service car wash offers a versatile setup with one oversized bay designed to accommodate larger vehicles such as tractors and heavy equipment. The site also includes two vacuum stations equipped with four vacuums, along with garbage cans for customer convenience.
The property is located at 309 Main St. in downtown Santa Rosa, providing a dedicated retail-style car wash facility configured for self-serve operation.
The improvements and amenities are laid out to support both drive-in washing and vacuum cleaning on-site, with multiple customer touchpoints through the bays and vacuum stations.
The property is located at 309 Main St. in downtown Santa Rosa, providing a dedicated retail-style car wash facility configured for self-serve operation.
The improvements and amenities are laid out to support both drive-in washing and vacuum cleaning on-site, with multiple customer touchpoints through the bays and vacuum stations.
Key Highlights
- 4‑bay self‑service car wash with one oversized bay for large vehicles like tractors and heavy equipment
- Two vacuum stations with four powered vacuums for on‑site detailing and cleaning
- Year built 2004
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,840
$288.8K
Cap Rate 7%
$206,314
$206.3K
Cap Rate 9%
$160,467
$160.5K
Market Conditions
NOI Build-Up for 3,087 SF
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.
Gross rent
$21.9K $7.08/SF
− Vacancy
−$1.2K −$0.40/SF
EGI
$20.6K $6.68/SF
− OpEx
−$6.2K −$2.01/SF
NOI
$14.4K $4.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,840
Cap Rate 7%
$206,314
Cap Rate 9%
$160,467
Alternative Uses
Best Use
Specialty Retail
$449.6K
$393.4K – $524.6K
NOI $31,473 @ 7.0% cap · market cap 12.59%
Second Best
Retail
$419.6K
$367.2K – $489.6K
NOI $29,374 @ 7.0% cap · market cap 11.75%
Theoretical Best
Healthcare Medical
$531.5K
$465.1K – $620.1K
NOI $37,207 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
7,395 visits/mo
0.4 miles
Demographics for 78593, TX
5,541
Population
1,755
Households
3.2
Avg Household Size
34
Median Age
12%
College-Educated
69%
High-School Grad
38.4 sq mi
ZIP Area
144
Density / Sq Mi
$40,194
Median Household Income
$27,014
Median Earnings
$876
Median Rent
$66,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Four self-service bays include one oversized bay for large vehicles plus two vacuum stations with four vacuums.
Where is this self service car wash located?
The property is located at 309 309 MAIN ST. Santa Rosa, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 4‑bay self‑service car wash with one oversized bay for large vehicles like tractors and heavy equipment; Two vacuum stations with four powered vacuums for on‑site detailing and cleaning; Year built 2004
