Self-Service Car Wash with Automatic
For Sale
$2,400,000
317 W Princeton Dr, Princeton, TX 75407
Operating wash facility with self-service bays, an automatic wash bay, vending, and dedicated equipment space.
Property Size2,890 SF
Price / SF$830.45
Days on Market81
Property Features for 317 W Princeton Dr
General Information
Standard status
Active
Size
2,890 SF
Additional Details
Car Wash Bays
5
Building Details
Year Built
2001
Listing Agency:
Attlee Realty, LLC
Listed By:
Melissa Croll · License #9004811
(972) 886-8357
Source:
Aboveandbeyondrealty
Added: Jul 25
Changed: Oct 5
Last Checked: Oct 12 at 10:02PM
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 Princeton car wash property was built in 2001 and contains 2,890 square feet of improvements. The facility includes four self-service washing bays, a 30-foot in-bay automatic wash, vending equipment, and a separate equipment room.
The property is located at 317 W Princeton Dr in Princeton, Texas. A month-to-month tenant currently operates the wash business, with the ability to leave upon sale. The existing configuration combines self-service washing capacity with an automatic wash component and supporting vending and equipment areas.
The property is located at 317 W Princeton Dr in Princeton, Texas. A month-to-month tenant currently operates the wash business, with the ability to leave upon sale. The existing configuration combines self-service washing capacity with an automatic wash component and supporting vending and equipment areas.
Key Highlights
- Four self‑service wash bays
- 30‑foot in‑bay automatic wash
- Vending equipment and dedicated equipment room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,018
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,020,360
$4.0M
Cap Rate 7%
$2,871,686
$2.9M
Cap Rate 9%
$2,233,533
$2.2M
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$318.0K $110.04/SF
− Vacancy
−$30.8K −$10.67/SF
EGI
$287.2K $99.37/SF
− OpEx
−$86.2K −$29.81/SF
NOI
$201.0K $69.56/SF
Area
Collin County, TX
Vacancy
9.70%
Lease Rate
$110.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,020,360
Cap Rate 7%
$2,871,686
Cap Rate 9%
$2,233,533
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
210k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Superstores 33%
Shops & Services 19%
Electronics 3%
Walmart
Superstores
68,532 visits/mo
0.4 miles
McDonald's
Dining
24,699 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,361 visits/mo
0.1 miles
Jack in the Box
Dining
11,935 visits/mo
0.4 miles
Starbucks
Dining
11,328 visits/mo
0.4 miles
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Operating wash facility with self-service bays, an automatic wash bay, vending, and dedicated equipment space.
Where is this self service car wash located?
The property is located at 317 W Princeton Dr 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: Four self‑service wash bays; 30‑foot in‑bay automatic wash; Vending equipment and dedicated equipment room
