Car Wash Facility with
For Sale
$249,900
602 N 1st St N, Copperas Cove, TX 76522
Car wash facility located directly on N 1st St, with some new equipment installed since ownership.
Property Size3,020 SF
Price / SF$82.75
Days on Market202
Property Features for 602 N 1st St N
General Information
Standard status
Active
Size
3,020 SF
Building Details
Year Built
2009
Listing Agency:
Keller Williams Realty Lone St
Listed By:
Steve Simmons · License #0511573
(254) 654-0323
Source:
Olverabolton
Added: Apr 11
Changed: Oct 26
Last Checked: Oct 7 at 4:16PM
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 Keller Williams Realty Lone St
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 car wash facility is located directly on N 1st St. The property includes an automatic tunnel, but it is not operative at this time. Public remarks also indicate that some new equipment has been installed since ownership.
The site is described as being in an area with a heavy residential presence.
The available information focuses on the existing car wash equipment condition, including the non-operational automatic tunnel and recent equipment updates.
The site is described as being in an area with a heavy residential presence.
The available information focuses on the existing car wash equipment condition, including the non-operational automatic tunnel and recent equipment updates.
Key Highlights
- Car wash facility located directly on N 1st St.
- Some new equipment has been installed since ownership.
- Automatic tunnel is not operative at this time.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,077
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
$381.5K
Cap Rate 7%
$272,529
$272.5K
Cap Rate 9%
$211,967
$212.0K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$29.0K $9.60/SF
− Vacancy
−$1.7K −$0.58/SF
EGI
$27.3K $9.02/SF
− OpEx
−$8.2K −$2.71/SF
NOI
$19.1K $6.32/SF
Area
Coryell County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
Cap Rate 7%
$272,529
Cap Rate 9%
$211,967
Alternative Uses
Best Use
Specialty Retail
$627.1K
$548.7K – $731.6K
NOI $43,896 @ 7.0% cap · market cap 17.57%
Second Best
Retail
$513.2K
$449.0K – $598.7K
NOI $35,921 @ 7.0% cap · market cap 14.37%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,777 @ 7.0% cap · market cap 20.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 76522, TX
41,123
Population
17,370
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
94%
High-School Grad
115.0 sq mi
ZIP Area
358
Density / Sq Mi
$70,629
Median Household Income
$39,126
Median Earnings
$1,029
Median Rent
$174,000
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?
Car wash - Car wash facility located directly on N 1st St, with some new equipment installed since ownership.
Where is this car wash located?
The property is located at 602 N 1st St N Copperas Cove, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Car wash facility located directly on N 1st St.; Some new equipment has been installed since ownership.; Automatic tunnel is not operative at this time.
