Building Details

Year built 2005

Listing Agency: Williams & Williams Real Estate Auctions

Listed By: Christopher Beary Show Phone

Added: Apr 15, 2025 Changed: Oct 21 Last Checked: Oct 23 at 10:06PM

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MLS# 11493885

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Investment Insights

Based on property information with market context.

This car wash facility contains 4,480+/- square feet within a 1+/- acre site and was built in 2005. The property includes a 130-foot chain conveyor, side washers, wrap and rocker brushes, top and side Omnis, finishing equipment, wax and treatment systems, blowers, vacuums, water-softening equipment, reverse-osmosis equipment, and POS stations.

Frontage extends 200 feet along Bell Street, with signage serving the property. The site is near Amarillo High School and John Stiff Memorial Park in Amarillo, Texas. The equipment package includes dual Unimac units, 20 vacuum drops, relay cabinets, a Simoniz Ceramin Arch, a Rain-X Arch, and related wash-system components.

Key Highlights

• 4,480+/-sf car wash built in 2005
• 1+/-ac site with 200 feet of frontage on Bell Street
• 130' long chain conveyor with side washers and multiple brush systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,061

Cap Rate

5.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,061,220 $1.1M

Cap Rate 7%

$758,014 $758.0K

Cap Rate 9%

$589,567 $589.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,480 SF

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 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 (±1% cap)

NOI $53,061 @ 7.0% cap · market cap 5.31%

Second Best

Retail

$618.2K

$541.0K – $721.3K (±1% cap)

NOI $43,277 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$1.00M

$875.2K – $1.17M (±1% cap)

NOI $70,017 @ 7.0% cap · market cap 7.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Car washes

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Car wash - Car wash facility with conveyor equipment and dedicated signage.

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 car wash built in 2005; 1+/-ac site with 200 feet of frontage on Bell Street; 130' long chain conveyor with side washers and multiple brush systems