Truck Wash and Service
For Sale
Contact for pricing
3851 Osage St, Houston, TX 77063
A 2019-built automotive service and truck wash building with multiple overhead doors and office space.
Property Size9,200 SF
Price / SF$423.91
Days on Market96
Property Features for 3851 Osage St
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Industrial
Zoning
Unrestricted
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
10
Service Bays
8
Building Details
Year Built
2019
Stories
2
Tenancy
Single
Listing Agency:
United Real Estate
Listed By:
Maria Saldana · License #641301
(713) 965-7165
Source:
Crexi
Added: Jun 4
Changed: Aug 13
Last Checked: Sep 6 at 1:38PM
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 United Real Estate
Investment Insights
Based on property information with market context.
The property is an automotive service facility with a dedicated truck wash, housed in a 9,200 SF metal building constructed in 2019. The building includes 850 SF of office space and a mezzanine level on the second floor. Operational access is supported by ten overhead doors sized 16x12, including two doors specifically for the truck wash, along with eight additional bay doors for service and vehicle movement.
Ingress and egress are available from both Osage St and Jeanetta St, providing two points of access for vehicles and deliveries. The site also offers easy access to major regional routes including the Westpark Tollway, Beltway 8, and Hwy 59.
For buyers or operators, the combination of service bays and truck wash doors supports an integrated automotive workflow on one site. The inclusion of on-site office space and a mezzanine can accommodate administrative functions associated with day-to-day operations, while multiple overhead doors facilitate efficient vehicle throughput for service activity.
Ingress and egress are available from both Osage St and Jeanetta St, providing two points of access for vehicles and deliveries. The site also offers easy access to major regional routes including the Westpark Tollway, Beltway 8, and Hwy 59.
For buyers or operators, the combination of service bays and truck wash doors supports an integrated automotive workflow on one site. The inclusion of on-site office space and a mezzanine can accommodate administrative functions associated with day-to-day operations, while multiple overhead doors facilitate efficient vehicle throughput for service activity.
Key Highlights
- 2019‑built 9,200 SF metal automotive service facility with truck wash
- 850 SF office space plus a mezzanine 2nd floor
- Ten overhead doors (16x12), including two dedicated to the truck wash
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
$141,588
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
3.63%
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%
$2,831,760
$2.8M
Cap Rate 7%
$2,022,686
$2.0M
Cap Rate 9%
$1,573,200
$1.6M
Market Conditions
NOI Build-Up for 9,200 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
$198.7K $21.60/SF
− Vacancy
−$9.9K −$1.08/SF
EGI
$188.8K $20.52/SF
− OpEx
−$47.2K −$5.13/SF
NOI
$141.6K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,831,760
Cap Rate 7%
$2,022,686
Cap Rate 9%
$1,573,200
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,588 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,748 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,600 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Drive-in doors
8
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,863
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
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?
Auto shop - A 2019-built automotive service and truck wash building with multiple overhead doors and office space.
Where is this auto shop located?
The property is located at 3851 Osage St Houston, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 2019‑built 9,200 SF metal automotive service facility with truck wash; 850 SF office space plus a mezzanine 2nd floor; Ten overhead doors (16x12), including two dedicated to the truck wash
