Self-Service Car Wash with Automatic
For Sale
$825,000
620 University Drive, Edinburg, TX 78539
Established wash facility near downtown with a paved driveway, parking, and convenient expressway access.
Property Size11,989 SF
Price / SF$68.81
Days on Market8
Property Features for 620 University Drive
General Information
Standard status
Active
Size
11,989 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,771
Amenities
16 Parking Spaces. Paved Driveway.
Downtown, City Road.
Building Details
Year Built
1992
Listing Agency:
Rightkeys Realty Llc
(956) 961-6588
Listed By:
Natalli Rodriguez
(956) 961-6588
Source:
Xome
Added: Aug 16
Changed: Aug 22
Last Checked: Aug 22 at 7:09AM
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 Rightkeys Realty Llc
Investment Insights
Based on property information with market context.
This established car wash property combines self-service operations with an in-bay automatic wash and express exterior service. The facility is fully operational, well-maintained, and includes a paved driveway supporting customer circulation. Built in 1992, the property also provides 16 parking spaces.
The site is positioned near downtown Edinburg along University Drive, with access to the expressway and a city road setting. Its operating configuration serves multiple wash formats within one automotive-oriented property.
The site is positioned near downtown Edinburg along University Drive, with access to the expressway and a city road setting. Its operating configuration serves multiple wash formats within one automotive-oriented property.
Key Highlights
- Self‑service car wash with in‑bay automatic and express exterior wash formats
- Fully operational and well‑maintained facility
- 16 parking spaces with paved driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,000
$1.4M
Cap Rate 7%
$992,857
$992.9K
Cap Rate 9%
$772,222
$772.2K
Market Conditions
NOI Build-Up for 11,989 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.1K $8.52/SF
− Vacancy
−$2.9K −$0.24/SF
EGI
$99.3K $8.28/SF
− OpEx
−$29.8K −$2.48/SF
NOI
$69.5K $5.80/SF
Area
Edinburg, TX
Vacancy
2.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,000
Cap Rate 7%
$992,857
Cap Rate 9%
$772,222
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,703 @ 7.0% cap · market cap 18.75%
Second Best
Retail
$1.91M
$1.67M – $2.23M
NOI $133,614 @ 7.0% cap · market cap 16.20%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,759 @ 7.0% cap · market cap 26.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Established wash facility near downtown with a paved driveway, parking, and convenient expressway access.
Where is this self service car wash located?
The property is located at 620 University Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Self‑service car wash with in‑bay automatic and express exterior wash formats; Fully operational and well‑maintained facility; 16 parking spaces with paved driveway
