Freestanding Car Wash with
For Sale
$1,000,000
4640 Bell Street, Amarillo, TX 79109
COMMERCIAL - Amarillo, TX
Property Size4,480 SF
Lot Size1.00 Acre
Price / SF$223.21
Days on Market496
Property Features for 4640 Bell Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
218270
Lot size
1.00 Acre
Building Details
Year built
2005
Listing Agency:
Williams & Williams Real Estate Auctions
(800) 801-8003
Listed By:
Christopher Beary
(800) 801-8003
Added: Apr 15, 2025
Changed: Aug 4
Last Checked: Aug 23 at 7:06PM
MLS# 11493885
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale car wash was built in 2005 and offers approximately 4,480+/- square feet on about 1+/- acre. The site includes roughly 200 feet of frontage on Bell Street with signage. The sale also includes a substantial equipment package, such as a 130' long chain conveyor, side washers, a Big Man Spyder wrap, multiple brush systems, an Omnis top and side setup, finishing mittter equipment, and multiple arches including Simoniz Ceramin and Rain-X. Additional included items include hot wax bubbling, a tire seal, blowers, and water treatment support such as a water softener and RO system, along with POS stations and related electrical/relay equipment.
The property is located close to Amarillo High School and John Stiff Memorial Park. Seller financing is available for qualified offers, and additional financial information is available under completion of CNRA.
This offering is positioned as a turnkey car wash facility with both wash infrastructure and operational equipment included.
The property is located close to Amarillo High School and John Stiff Memorial Park. Seller financing is available for qualified offers, and additional financial information is available under completion of CNRA.
This offering is positioned as a turnkey car wash facility with both wash infrastructure and operational equipment included.
Key Highlights
- 4,480+/- sf carwash built in 2005 on 1+/- acres
- 200 ft frontage on Bell Street with signage
- Includes 130' long chain conveyor and 10 blowers
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
$53,061
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
5.31%
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%
$1,061,220
$1.1M
Cap Rate 7%
$758,014
$758.0K
Cap Rate 9%
$589,567
$589.6K
Market Conditions
NOI Build-Up for 4,480 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
$75.3K $16.80/SF
− Vacancy
−$4.5K −$1.01/SF
EGI
$70.7K $15.79/SF
− OpEx
−$17.7K −$3.95/SF
NOI
$53.1K $11.84/SF
Area
Amarillo, TX
Vacancy
6.00%
Lease Rate
$16.80 /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%
$1,061,220
Cap Rate 7%
$758,014
Cap Rate 9%
$589,567
Alternative Uses
Best Use
Specialty Retail
$758.0K
$663.3K – $884.4K
NOI $53,061 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$618.2K
$541.0K – $721.3K
NOI $43,277 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.00M
$875.2K – $1.17M
NOI $70,017 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Car wash built in 2005 with about 200 feet of frontage on Bell Street and extensive included wash equipment.
Where is this car wash located?
The property is located at 4640 Bell Street Amarillo, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,480+/- sf carwash built in 2005 on 1+/- acres; 200 ft frontage on Bell Street with signage; Includes 130' long chain conveyor and 10 blowers
