Self-Service Car Wash
For Sale
$799,900
550 N Judge Ely Boulevard, Abilene, TX 79601
Existing car wash improvements along a major thoroughfare near universities, medical facilities, and expanding commercial development.
Property Size3,036 SF
Price / SF$263.47
Days on Market64
Property Features for 550 N Judge Ely Boulevard
General Information
Standard status
Active
Size
3,036 SF
Building Details
Year Built
1982
Listing Agency:
Tommy Simons (office)
Listed By:
Tommy Simons · License #0583499
(325) 695-3730
Source:
Minteerteam
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 15 at 3:13AM
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 Tommy Simons (office)
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.
This self-service car wash property includes 3,036 square feet of improvements constructed in 1982. The site offers an existing automotive-oriented configuration with the possibility of returning to car wash operations or pursuing a different commercial redevelopment concept, subject to applicable approvals.
The property is located at 550 N Judge Ely Boulevard in Abilene, along a major thoroughfare and within minutes of two universities and the Hendrick Medical complex. It is also near the growing 351 Commercial corridor, where new businesses, residential rooftops, and infrastructure are under development. A Bass Pro shop and two major data centers are also identified as nearby or area development projects.
The property is located at 550 N Judge Ely Boulevard in Abilene, along a major thoroughfare and within minutes of two universities and the Hendrick Medical complex. It is also near the growing 351 Commercial corridor, where new businesses, residential rooftops, and infrastructure are under development. A Bass Pro shop and two major data centers are also identified as nearby or area development projects.
Key Highlights
- 3,036‑square‑foot self‑service car wash property
- Improvements constructed in 1982
- Located at 550 N Judge Ely Boulevard, Abilene, TX 79601
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,330
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,600
$606.6K
Cap Rate 7%
$433,286
$433.3K
Cap Rate 9%
$337,000
$337.0K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$43.7K $14.40/SF
− Vacancy
−$3.3K −$1.08/SF
EGI
$40.4K $13.32/SF
− OpEx
−$10.1K −$3.33/SF
NOI
$30.3K $9.99/SF
Area
Abilene, TX
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,600
Cap Rate 7%
$433,286
Cap Rate 9%
$337,000
Alternative Uses
Best Use
Specialty Retail
$433.3K
$379.1K – $505.5K
NOI $30,330 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$368.7K
$322.6K – $430.1K
NOI $25,808 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$677.8K
$593.1K – $790.8K
NOI $47,449 @ 7.0% cap · market cap 5.93%
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
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
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 - Existing car wash improvements along a major thoroughfare near universities, medical facilities, and expanding commercial development.
Where is this self service car wash located?
The property is located at 550 N Judge Ely Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3,036‑square‑foot self‑service car wash property; Improvements constructed in 1982; Located at 550 N Judge Ely Boulevard, Abilene, TX 79601
