Four-Bay Self-Service Car
For Sale
$365,000
3937 Lee Street, Greenville, TX 75401
Each wash bay has electronic payment terminals and equipment for multiple wash, wax, and rinse options.
Property Size1,900 SF
Price / SF$192.11
Days on Market9
Property Features for 3937 Lee Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Zoning
Commercial, city limits
Automotive
Car Wash Bays
4
Automotive Uses
car wash
Additional Details
Business Included
Yes
Building Details
Building Size
1,900 SF
Year Built
2004
Stories
1
Units
4
Construction
metal, brick and concrete
Listing Agency:
RE/MAX Landmark Rose
(903) 567-3100
Listed By:
Elaine Fabbri · License #0665897
(214) 457-3676
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 8:19PM
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 RE/MAX Landmark Rose
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Investment Insights
Based on property information with market context.
This four-bay self-service car wash was built in 2004 and uses metal, brick, and concrete construction. Each bay is equipped with high-pressure hoses and foam brushes, while electronic terminals accept credit card payments and offer wash, wax, and rinse selections. The property also has vacuums, air fresheners, a change machine, posted operating instructions, and security cameras. Zoning is commercial within city limits.
The car wash is located on Lee Street, less than a half mile from downtown Greenville. Residential neighborhoods and businesses are in the surrounding area.
The car wash is located on Lee Street, less than a half mile from downtown Greenville. Residential neighborhoods and businesses are in the surrounding area.
Key Highlights
- Four self‑service bays; constructed in 2004
- High‑pressure hoses and foam brushes in every bay
- Electronic terminals accept credit cards and offer wash, wax, and rinse selections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,721
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,420
$654.4K
Cap Rate 7%
$467,443
$467.4K
Cap Rate 9%
$363,567
$363.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$45.8K $24.12/SF
− Vacancy
−$2.2K −$1.16/SF
EGI
$43.6K $22.96/SF
− OpEx
−$10.9K −$5.74/SF
NOI
$32.7K $17.22/SF
Area
Hunt County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,420
Cap Rate 7%
$467,443
Cap Rate 9%
$363,567
Alternative Uses
Best Use
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,157 @ 7.0% cap · market cap 36.21%
Second Best
Specialty Retail
$467.4K
$409.0K – $545.4K
NOI $32,721 @ 7.0% cap · market cap 8.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,126 visits/mo
0.1 miles
Valero Energy
Shops & Services
1,569 visits/mo
0.1 miles
Demographics for 75401, TX
19,550
Population
9,067
Households
2.2
Avg Household Size
34
Median Age
14%
College-Educated
82%
High-School Grad
108.1 sq mi
ZIP Area
181
Density / Sq Mi
$57,335
Median Household Income
$33,244
Median Earnings
$1,157
Median Rent
$163,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Self service car wash - Each wash bay has electronic payment terminals and equipment for multiple wash, wax, and rinse options.
Where is this self service car wash located?
The property is located at 3937 Lee Street Greenville, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four self‑service bays; constructed in 2004; High‑pressure hoses and foam brushes in every bay; Electronic terminals accept credit cards and offer wash, wax, and rinse selections
