Operating Car Wash
New
For Sale
$429,000
5524 E Lancaster Ave, Fort Worth, TX 76102
The existing lease runs through the end of July 2027, with the property currently fully occupied.
Property Size2,835 SF
Price / SF$151.32
Days on Market7
Property Features for 5524 E Lancaster Ave
General Information
Standard status
Active
Size
2,835 SF
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
car wash
Taxes and HOA fees
Annual Taxes
$4,255
Building Details
Tenancy
Single
Listing Agency:
Competitive Edge Realty LLC
Listed By:
Hayman Shwan · License #0779215
(972) 200-3685
Source:
Exprealty
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 3:58PM
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 Competitive Edge Realty LLC
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Investment Insights
Based on property information with market context.
An operating car wash occupies the commercial property at 5524 E Lancaster Ave in Fort Worth. The site is fully leased, with the current lease scheduled to expire at the end of July 2027.
Continued car wash use is one option. Retail shops, a gas station, or a mechanic shop are also identified as potential alternatives, subject to City of Fort Worth approval and applicable zoning requirements; a Specific Use Permit may be required.
Continued car wash use is one option. Retail shops, a gas station, or a mechanic shop are also identified as potential alternatives, subject to City of Fort Worth approval and applicable zoning requirements; a Specific Use Permit may be required.
Key Highlights
- Operating car wash with 100% occupancy
- Current lease expires at the end of July 2027
- Potential alternative uses include retail shops, a gas station, or a mechanic shop, subject to city approval and zoning requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,888
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,760
$357.8K
Cap Rate 7%
$255,543
$255.5K
Cap Rate 9%
$198,756
$198.8K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$28.2K $9.96/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$25.6K $9.01/SF
− OpEx
−$7.7K −$2.70/SF
NOI
$17.9K $6.31/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,760
Cap Rate 7%
$255,543
Cap Rate 9%
$198,756
Alternative Uses
Best Use
Specialty Retail
$697.5K
$610.3K – $813.7K
NOI $48,823 @ 7.0% cap · market cap 11.38%
Second Best
Retail
$651.0K
$569.6K – $759.5K
NOI $45,569 @ 7.0% cap · market cap 10.62%
Theoretical Best
Office A
$1.03M
$901.1K – $1.20M
NOI $72,088 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
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Business Placement
Demographics for 76102, TX
13,236
Population
5,629
Households
2.4
Avg Household Size
36
Median Age
37%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
2,941
Density / Sq Mi
$74,293
Median Household Income
$49,295
Median Earnings
$1,661
Median Rent
$338,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - The existing lease runs through the end of July 2027, with the property currently fully occupied.
Where is this car wash located?
The property is located at 5524 E Lancaster Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Operating car wash with 100% occupancy; Current lease expires at the end of July 2027; Potential alternative uses include retail shops, a gas station, or a mechanic shop, subject to city approval and zoning requirements
