Operating Car Wash
For Sale
Contact for pricing
3820 Penbrook Street, Odessa, TX 79762
Conveyor tunnel car wash with vacuum and detailing areas, office, and covered parking for efficient daily operations.
Property Size5,280 SF
Price / SF$365.53
Days on Market59
Property Features for 3820 Penbrook Street
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Retail
Building Details
Year Built
1982
Listing Agency:
Moriah Real Estate Company, LLC
(432) 570-5100
Listed By:
Hunter Hickok · License #838958
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 4 at 12:03PM
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 Moriah Real Estate Company, LLC
Investment Insights
Based on property information with market context.
The property at 3820 Penbrook Street is an operating car wash facility designed for streamlined vehicle cleaning. The 5,280 SF building includes a conveyor tunnel wash system, an attached mechanical room, and open vacuum and detailing areas. There is also an office/waiting area to support attendant workflow and customer service. The site is set up with adequate parking and circulation, including covered parking spaces, along with the infrastructure necessary to support ongoing operations.
The facility is located along Penbrook Street in Odessa, Texas, with approximately 255 feet of frontage. Convenient access to major commercial corridors is described as being available throughout the city, supporting visibility for passing customers and practical routing for daily operation.
This setup can fit an owner-user looking to run a fully functioning wash site, or an investor seeking to acquire an established automotive amenity with on-site support spaces and a layout built around tunnel washing and self-serve style vacuum/detailing. Covered parking and a dedicated office/waiting area add operational comfort for staff and customers during peak periods.
The facility is located along Penbrook Street in Odessa, Texas, with approximately 255 feet of frontage. Convenient access to major commercial corridors is described as being available throughout the city, supporting visibility for passing customers and practical routing for daily operation.
This setup can fit an owner-user looking to run a fully functioning wash site, or an investor seeking to acquire an established automotive amenity with on-site support spaces and a layout built around tunnel washing and self-serve style vacuum/detailing. Covered parking and a dedicated office/waiting area add operational comfort for staff and customers during peak periods.
Key Highlights
- Operating car wash facility built in 1982 on approx. 0.94 acres in Odessa, TX
- 5,280 SF car wash building with conveyor tunnel wash system
- Includes open vacuum and detailing areas plus an office/waiting area
Financial Insights For Specialty Retail
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 | $101.4k | $19.20 |
| − Vacancy | −$7.1k | −$1.34 |
| EGI | $94.3k | $17.86 |
| − OpEx | −$23.6k | −$4.46 |
| NOI | $70.7k | $13.39 |
5,280 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Industrial
$4.48M
$3.92M – $5.22M
NOI $313,347 @ 7.0% cap · market cap 16.24%
Second Best
Specialty Retail
$1.01M
$883.9K – $1.18M
NOI $70,710 @ 7.0% cap · market cap 3.66%
Theoretical Best
Flex RnD
$7.68M
$6.72M – $8.96M
NOI $537,315 @ 7.0% cap · market cap 27.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
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 - Conveyor tunnel car wash with vacuum and detailing areas, office, and covered parking for efficient daily operations.
Where is this car wash located?
The property is located at 3820 Penbrook Street Odessa, TX.
What is the asking price?
The asking price for this property is $1,930,000.
What are key features of this property?
This property features: Operating car wash facility built in 1982 on approx. 0.94 acres in Odessa, TX; 5,280 SF car wash building with conveyor tunnel wash system; Includes open vacuum and detailing areas plus an office/waiting area
