Car Wash with Truck
New
For Sale
$500,000
618 W Pierce Avenue, Harlingen, TX 78550
An on-site office and separate service bay support operations for semi-trucks and boats.
Property Size2,379 SF
Price / SF$210.17
Days on Market2
Property Features for 618 W Pierce Avenue
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Commercial
Automotive
Car Wash Bays
6
Automotive Uses
car wash
Additional Details
Highway Access
Yes
Real Estate Included
Yes
Amenities
office
Building Details
Year Built
1979
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:25PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 2,379-square-foot car wash in Harlingen includes an office, five bays for car washing and vacuum use, and a separate bay for semi-trucks and boats. Built in 1979, the property is located at 618 W Pierce Avenue.
Expressway 69E Interstate is a short drive away. The property is described as income-producing.
Expressway 69E Interstate is a short drive away. The property is described as income-producing.
Key Highlights
- 2,379‑square‑foot car wash with an office
- Five bays for car washing and vacuum use
- Separate bay for semi‑trucks and boats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,254
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,080
$485.1K
Cap Rate 7%
$346,486
$346.5K
Cap Rate 9%
$269,489
$269.5K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$34.3K $14.40/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$32.3K $13.59/SF
− OpEx
−$8.1K −$3.40/SF
NOI
$24.3K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,080
Cap Rate 7%
$346,486
Cap Rate 9%
$269,489
Alternative Uses
Best Use
Specialty Retail
$346.5K
$303.2K – $404.2K
NOI $24,254 @ 7.0% cap · market cap 4.85%
Second Best
Retail
$323.4K
$283.0K – $377.3K
NOI $22,637 @ 7.0% cap · market cap 4.53%
Theoretical Best
Healthcare Medical
$409.6K
$358.4K – $477.9K
NOI $28,674 @ 7.0% cap · market cap 5.73%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 23%
Beauty & Spa 2%
Home Improvements & Furnishings 2%
H-E-B
Groceries
64,347 visits/mo
0.5 miles
H-E-B Fuel
Shops & Services
11,596 visits/mo
0.5 miles
Stripes
Shops & Services
4,110 visits/mo
0.2 miles
Ace Cash Express
Shops & Services
1,789 visits/mo
0.5 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,692 visits/mo
0.5 miles
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
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 - An on-site office and separate service bay support operations for semi-trucks and boats.
Where is this car wash located?
The property is located at 618 W Pierce Avenue Harlingen, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,379‑square‑foot car wash with an office; Five bays for car washing and vacuum use; Separate bay for semi‑trucks and boats
