Lufkin Car Wash and
For Sale
Contact for pricing
311 S Timberland Dr, Lufkin, TX 75901
Car wash business and real estate for sale in Lufkin.
Property Size7,409 SF
Lot Size1.26 Acres
Price / SF$283.44
Days on Market196
Property Features for 311 S Timberland Dr
General Information
Standard status
Active
Size
7,409 SF
Class
A
Lot size
1.26 Acres
Property subtype
Business for Sale, Retail, Special Purpose
Zoning
Commercial
Investment Type
Value Add
Net Operating Income
$144,000
Building Details
Year Built
2000
Buildings
2
Stories
1
Units
2
Listing Agency:
InvestCore Commercial, Inc.
Listed By:
Ed Colson Jr., CCIM · License #CA 01382996
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 11 at 12:31PM
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 InvestCore Commercial, Inc.
Investment Insights
Based on property information with market context.
An opportunity exists to acquire a car wash business and real estate, including the land, building, and FF&E. This allows an owner/user to control their own destiny with ownership of the real estate. The car wash industry was one of the few Essential Services that were allowed to remain open for business throughout the pandemic. The property is located in downtown Lufkin with multiple access points to State Highway Loop 287. It is situated along a main retail thoroughfare surrounded by national tenants including Burger King, KFC, Starbucks, Firestone, Pizza Hut, Brookshire Grocery Store, and Big Lots. The property includes a large parcel over 1 acre (1.26 acres) with traffic counts of 17,862 cars per day. The building has 7,409 square feet of space.
Key Highlights
- Opportunity to acquire both the business and the underlying real estate (land, building, and FF&E).
- Potential for significant tax advantages through accelerated depreciation under IRS Code Sections 179 & 168(k).
- COVID‑19 and E‑commerce resistant business (car wash).
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
$106,155
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
5.06%
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%
$2,123,100
$2.1M
Cap Rate 7%
$1,516,500
$1.5M
Cap Rate 9%
$1,179,500
$1.2M
Market Conditions
NOI Build-Up for 7,409 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
$150.3K $20.28/SF
− Vacancy
−$8.7K −$1.18/SF
EGI
$141.5K $19.10/SF
− OpEx
−$35.4K −$4.78/SF
NOI
$106.2K $14.33/SF
Area
Angelina County, TX
Vacancy
5.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$2,123,100
Cap Rate 7%
$1,516,500
Cap Rate 9%
$1,179,500
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,155 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $100,357 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,168 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
231k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 28%
Dining 24%
Superstores 8%
H-E-B
Groceries
64,121 visits/mo
0.4 miles
Murphy USA
Shops & Services
27,706 visits/mo
0.2 miles
Brookshire Brothers
Groceries
21,397 visits/mo
0.3 miles
Big Lots
Superstores
18,706 visits/mo
0.2 miles
Starbucks
Dining
15,704 visits/mo
0.1 miles
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
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?
Car wash - Car wash business and real estate for sale in Lufkin.
Where is this car wash located?
The property is located at 311 S Timberland Dr Lufkin, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Opportunity to acquire both the business and the underlying real estate (land, building, and FF&E).; Potential for significant tax advantages through accelerated depreciation under IRS Code Sections 179 & 168(k).; COVID‑19 and E‑commerce resistant business (car wash).
