Express Self-Serve Car
For Sale
$2,000,000
516 Friendship Ln, Fredericksburg, TX 78624
Owner-user express car wash for sale in Fredericksburg, TX, near new Chick-fil-A and Discount Tire.
Property Size3,649 SF
Days on Market141
Property Features for 516 Friendship Ln
General Information
Standard status
Active
Size
3,649 SF
Property subtype
Commercial
Building Details
Building Size
3,649 SF
Year Built
2015
Listed By:
Landon Carter · License #365272 (TN)
(615) 212-2547
Source:
Matthews
Added: Jun 3
Changed: Oct 15
Last Checked: Oct 20 at 5:05PM
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 Landon Carter
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Wet-N-Jet Car Wash presents an owner-user opportunity to acquire an express wash facility. The property is listed for sale at approximately 3,649 square feet and is positioned as a self-service, automotive-focused operation.
Public remarks note the site is in a growing area, with a brand new Chick-fil-A and Discount Tire across the street. The same remarks also describe a new bank planned for development next door, alongside additional commercial and residential development in the vicinity.
Public remarks note the site is in a growing area, with a brand new Chick-fil-A and Discount Tire across the street. The same remarks also describe a new bank planned for development next door, alongside additional commercial and residential development in the vicinity.
Key Highlights
- Wet‑N‑Jet express car wash (owner‑user opportunity) built in 2015
- Growing‑area setting with a brand new Chick‑fil‑A and Discount Tire across the street
- New bank planned next door, with multiple other commercial and residential developments in the area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,024
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,480
$1.3M
Cap Rate 7%
$943,200
$943.2K
Cap Rate 9%
$733,600
$733.6K
Market Conditions
NOI Build-Up for 3,649 SF
Gross rent
$91.2K $25.00/SF
− Vacancy
−$3.2K −$0.88/SF
EGI
$88.0K $24.13/SF
− OpEx
−$22.0K −$6.03/SF
NOI
$66.0K $18.09/SF
Area
Gillespie County, TX
Vacancy
3.50%
Lease Rate
$25.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,480
Cap Rate 7%
$943,200
Cap Rate 9%
$733,600
Alternative Uses
Best Use
Specialty Retail
$943.2K
$825.3K – $1.10M
NOI $66,024 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$773.8K
$677.1K – $902.8K
NOI $54,168 @ 7.0% cap · market cap 2.71%
Theoretical Best
Hotel Hospitality
$2.76M
$2.42M – $3.22M
NOI $193,433 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
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 - Owner-user express car wash for sale in Fredericksburg, TX, near new Chick-fil-A and Discount Tire.
Where is this self service car wash located?
The property is located at 516 Friendship Ln Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Wet‑N‑Jet express car wash (owner‑user opportunity) built in 2015; Growing‑area setting with a brand new Chick‑fil‑A and Discount Tire across the street; New bank planned next door, with multiple other commercial and residential developments in the area
