Established Car Wash for
317 W Princeton Drive Princeton, TX 75407
For Sale
$2,400,000
Car wash with self-service bays and automatic system.
Property Size2,890 SF
Price / SF$830.45
Days on Market99
Property Features for 317 W Princeton Drive
General Information
Standard status
Active
Size
2,890 SF
Property subtype
Commercial
Building Details
Year Built
2001
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Melissa Croll · License #9004811
(214) 929-3388
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 28 at 7:06PM
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 Attlee Realty, LLC
Investment Insights
Based on property information with market context.
This is a real estate asset sale for a car wash property. The car wash features 4 self-service bays and one 30 ft in-bay automatic system. The property also includes vending machines and an equipment room. The current tenant operates on a month-to-month lease and can vacate upon the sale of the property. The property size is 2,890 square feet.
Key Highlights
- Operating car wash with existing infrastructure including 4 self‑service bays and 1 in‑bay automatic.
- Real estate asset sale, offering full ownership.
- Tenant‑occupied, providing immediate income potential or vacant possession option.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $318.0k | $110.04 |
| − Vacancy | −$30.8k | −$10.67 |
| EGI | $287.2k | $99.37 |
| − OpEx | −$86.2k | −$29.81 |
| NOI | $201.0k | $69.56 |
2,890 SF · lease $110.04/SF/yr · vacancy 9.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.87M
$2.51M – $3.35M
NOI $201,018 @ 7.0% cap · market cap 8.38%
Second Best
Specialty Retail
$711.0K
$622.1K – $829.5K
NOI $49,771 @ 7.0% cap · market cap 2.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Car wash with self-service bays and automatic system.
Where is this car wash located?
The property is located at 317 W Princeton Drive Princeton, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Operating car wash with existing infrastructure including 4 self‑service bays and 1 in‑bay automatic.; Real estate asset sale, offering full ownership.; Tenant‑occupied, providing immediate income potential or vacant possession option.
