Express Car Wash
5010 Texoma Parkway Sherman, TX 75090
For Sale
$1,100,000
COMMERCIAL - Sherman, TX
Property Size2,700 SF
Lot Size0.57 Acres
Price / SF$407.41
Days on Market166
Property Features for 5010 Texoma Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
154341
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
G-1097 SHELP D C A-G1097, ACRES .5733
Tax Annual Amount
12220
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Flooring type
Combination
Building materials
Brick
Roof type
Composition
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Teresa Baudino · License #519899
(972) 886-8357
Added: Feb 11
Changed: Jun 3
Last Checked: Jul 27 at 5:06PM
MLS# 21142331
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 express car wash facility includes a 2,700 SF building situated on approximately 0.57 acres. The property is equipped with an ICS Carwash system and features site lighting that was upgraded to LED in 2022. Please note the business is not currently operating, and the offering is priced for the asset only; no business financials are available.
Located at 5010 Texoma Parkway in Sherman, Texas, the site is positioned for visibility with an identified daily traffic count of 15,195. Additional details such as exact frontage, counts, or specific ingress/egress configuration are not provided.
For investors and operators looking to acquire a turn-key-ready car wash asset, this property offers a focused footprint with installed wash technology and relatively recent exterior lighting improvements. It may also appeal to buyers assembling a small portfolio, as the Sherman location is available for sale individually or packaged as part of a two-site offering that includes a separate New Braunfels, Texas location.
Located at 5010 Texoma Parkway in Sherman, Texas, the site is positioned for visibility with an identified daily traffic count of 15,195. Additional details such as exact frontage, counts, or specific ingress/egress configuration are not provided.
For investors and operators looking to acquire a turn-key-ready car wash asset, this property offers a focused footprint with installed wash technology and relatively recent exterior lighting improvements. It may also appeal to buyers assembling a small portfolio, as the Sherman location is available for sale individually or packaged as part of a two-site offering that includes a separate New Braunfels, Texas location.
Key Highlights
- 0.05733‑acre car wash site with a 2,700 SF building
- Express car wash includes an ICS car wash system
- 15,195 daily traffic count (as stated in remarks)
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 | $67.4k | $24.96 |
| − Vacancy | −$3.4k | −$1.25 |
| EGI | $64.0k | $23.71 |
| − OpEx | −$16.0k | −$5.93 |
| NOI | $48.0k | $17.78 |
2,700 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$686.0K
$600.2K – $800.3K
NOI $48,017 @ 7.0% cap · market cap 4.37%
Second Best
Retail
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 4.07%
Theoretical Best
Hotel Hospitality
$1.39M
$1.21M – $1.62M
NOI $96,957 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Asset-only express car wash site with a 2,700 SF building and upgraded LED lighting, offered with no operating business.
Where is this car wash located?
The property is located at 5010 Texoma Parkway Sherman, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 0.05733‑acre car wash site with a 2,700 SF building; Express car wash includes an ICS car wash system; 15,195 daily traffic count (as stated in remarks)
