Car Wash with Paved
New
For Sale
$330,000
311 Us-175, Eustace, TX 75124
Commercial zoning and central air serve the property on US-175 in Eustace.
Property Size2,698 SF
Days on Market2
Property Features for 311 Us-175
General Information
Standard status
Active
Size
2,698 SF
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,434
Amenities
Central Air
Central
Concrete, Open, Parking Lot, Paved
Building Details
Building Size
2,698 SF
Year Built
2001
Stories
1
Listing Agency:
Keller Williams Realty - Waxahachie
Listed By:
Lynsey Grissom · License #0654430
(903) 802-4438
Source:
Evrealestate
Added: Sep 28
Last Checked: Sep 28 at 2:35PM
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 Keller Williams Realty - Waxahachie
Investment Insights
Based on property information with market context.
This car wash property was built in 2001 and includes central air. The site has concrete and paved areas, an open layout, and a parking lot.
Located at 311 US-175 in Eustace, the property is on the highway route toward Athens. Its zoning is Commercial.
Located at 311 US-175 in Eustace, the property is on the highway route toward Athens. Its zoning is Commercial.
Key Highlights
- Car wash property built in 2001
- Commercial zoning
- Central air
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
$14,009
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
4.25%
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%
$280,180
$280.2K
Cap Rate 7%
$200,129
$200.1K
Cap Rate 9%
$155,656
$155.7K
Market Conditions
NOI Build-Up for 2,698 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
$22.0K $8.16/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$20.0K $7.42/SF
− OpEx
−$6.0K −$2.23/SF
NOI
$14.0K $5.19/SF
Area
Henderson County, TX
Vacancy
9.10%
Lease Rate
$8.16 /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%
$280,180
Cap Rate 7%
$200,129
Cap Rate 9%
$155,656
Alternative Uses
Best Use
Specialty Retail
$685.4K
$599.8K – $799.7K
NOI $47,981 @ 7.0% cap · market cap 14.54%
Second Best
Retail
$528.8K
$462.7K – $616.9K
NOI $37,015 @ 7.0% cap · market cap 11.22%
Theoretical Best
Office A
$949.1K
$830.5K – $1.11M
NOI $66,436 @ 7.0% cap · market cap 20.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
Exxon
Shops & Services
17,231 visits/mo
0.1 miles
Shell
Shops & Services
11,027 visits/mo
0.2 miles
Dollar General
Shops & Services
8,988 visits/mo
0.1 miles
SUBWAY
Dining
1,040 visits/mo
0.2 miles
Demographics for 75124, TX
5,093
Population
2,371
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
89.2 sq mi
ZIP Area
57
Density / Sq Mi
$79,162
Median Household Income
$45,994
Median Earnings
$932
Median Rent
$195,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Commercial zoning and central air serve the property on US-175 in Eustace.
Where is this car wash located?
The property is located at 311 Us-175 Eustace, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Car wash property built in 2001; Commercial zoning; Central air
