Express Carwash on Texoma
5010 Texoma Parkway Sherman, TX 75090
For Sale
$1,100,000
Carwash with upgraded LED lighting on a .05733 acre lot.
Property Size2,700 SF
Lot Size0.06 Acres
Price / SF$407.41
Days on Market100
Property Features for 5010 Texoma Parkway
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
Attlee Realty, LLC
(972) 886-8357
Listed By:
Teresa Baudino · License #519899
(903) 209-5557
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:19AM
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 Attlee Realty, LLC
Investment Insights
Based on property information with market context.
This property features an express carwash on a 0.05733 acre lot. The 2,700 sqft building benefits from a daily traffic count of 15,195. All site lighting was upgraded to LED in 2022. The carwash system is an ICS Carwash System. The property is priced for asset value only and is available for individual sale or as part of a two-property portfolio with a New Braunfels, TX site. The business is not currently operating.
Key Highlights
- High daily traffic count of 15,195
- 2,700 sqft building on .05733 acre
- ICS Carwash System included
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 - Carwash with upgraded LED lighting on a .05733 acre lot.
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: High daily traffic count of 15,195; 2,700 sqft building on .05733 acre; ICS Carwash System included
