Corner Car Wash
For Sale
$250,000
3146 S Dairy Ashford Rd, Houston, TX 77082
Car wash property for sale on a highly visible corner lot with strong street-facing presence.
Property Size3,785 SF
Price / SF$66.05
Days on Market53
Property Features for 3146 S Dairy Ashford Rd
General Information
Standard status
Active
Size
3,785 SF
Property subtype
Vacant-User
Amenities
Auction - September 22-24 | Starting Bid: $250,000
Katy Freeway West Submarket Address: Positioned near Westheimer Road and I-10, minutes from the Energy Corridor's employment base.
Purpose-Built 3,785 SF Car Wash Facility: Single-story masonry facility built in 1996 with covered wash bays and full road frontage.
0.72-Acre Site With Surplus Building FAR: A 0.12 building FAR leaves ample land on the 31,250 SF parcel for expansion or reuse.
Heavy Traffic Counts on Two Corridors: S Dairy Ashford Road carries up to 33,739 VPD; Westheimer Road logs 62,465 VPD nearby.
196,478 Residents Within Three Miles: Household growth in the trade area is projected at 6.55 percent from 2025 through 2030.
Multiple Paths to Future Value Creation: Continue car wash use, convert to another automotive service, or reposition the land.
Building Details
Building Size
3,785 SF
Year Built
1996
Listing Agency:
THE SEARS GROUP
(713) 452-4317
Listed By:
Sebastian Davis · License #License(s): TX: 806053
(713) 452-4317
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 24 at 3:21AM
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 THE SEARS GROUP
Investment Insights
Based on property information with market context.
For sale, a car wash property located at 3146 South Dairy Ashford Road in Houston, Texas. The site is positioned on a corner lot with storefront-style visibility and street-facing exposure for drivers approaching from multiple directions.
This well-located car wash is set within an established commercial corridor, offering convenient access for daily customers. The property can support an owner-operator seeking to run and maintain the facility, or a buyer looking to enhance the site through operational improvements or modernization.
The offering includes a property size of approximately 3,785 square feet, providing a dedicated footprint for car wash operations on the corner parcel.
This well-located car wash is set within an established commercial corridor, offering convenient access for daily customers. The property can support an owner-operator seeking to run and maintain the facility, or a buyer looking to enhance the site through operational improvements or modernization.
The offering includes a property size of approximately 3,785 square feet, providing a dedicated footprint for car wash operations on the corner parcel.
Key Highlights
- Car wash property built in 1996
- Located on a highly visible corner lot
- Strong street‑facing presence with accessibility and exposure to local and commuter traffic
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
$21,342
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
8.54%
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%
$426,840
$426.8K
Cap Rate 7%
$304,886
$304.9K
Cap Rate 9%
$237,133
$237.1K
Market Conditions
NOI Build-Up for 3,785 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
$34.1K $9.00/SF
− Vacancy
−$3.6K −$0.95/SF
EGI
$30.5K $8.06/SF
− OpEx
−$9.1K −$2.42/SF
NOI
$21.3K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /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%
$426,840
Cap Rate 7%
$304,886
Cap Rate 9%
$237,133
Alternative Uses
Best Use
Specialty Retail
$832.2K
$728.1K – $970.9K
NOI $58,251 @ 7.0% cap · market cap 23.30%
Second Best
Retail
$733.2K
$641.5K – $855.4K
NOI $51,323 @ 7.0% cap · market cap 20.53%
Theoretical Best
Office A
$973.3K
$851.6K – $1.14M
NOI $68,130 @ 7.0% cap · market cap 27.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 77082, TX
57,493
Population
24,994
Households
2.3
Avg Household Size
35
Median Age
36%
College-Educated
88%
High-School Grad
12.6 sq mi
ZIP Area
4,563
Density / Sq Mi
$60,510
Median Household Income
$35,789
Median Earnings
$1,361
Median Rent
$225,600
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash property for sale on a highly visible corner lot with strong street-facing presence.
Where is this car wash located?
The property is located at 3146 S Dairy Ashford Rd Houston, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Car wash property built in 1996; Located on a highly visible corner lot; Strong street‑facing presence with accessibility and exposure to local and commuter traffic
