Self Service Car Wash
For Sale
$250,000
621 W Travis Street, La Grange, TX 78945
Existing car wash is sold as-is and no longer operating, offering renovation or redevelopment flexibility.
Property Size3,000 SF
Lot Size0.60 Acres
Price / SF$83.33
Days on Market97
Property Features for 621 W Travis Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.60 Acres
Property subtype
CommercialSale
Listing Agency:
Land Unlimited
(512) 729-7139
Listed By:
Taylor Greeves · License #0784801
(817) 657-2257
Source:
Cornerstone-properties
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 12 at 7:28PM
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 Land Unlimited
Investment Insights
Based on property information with market context.
This self-service car wash site is offered for sale with the existing car wash no longer in operation and being sold as-is. The property is situated on approximately 0.60 acres and is presented as a flexible commercial option for the next owner, whether that involves renovating the car wash to resume operations or redeveloping the site for a new commercial use.
The property is located in La Grange, Texas, in a high-visibility area near the Colorado River, with convenient access intended for commercial traffic.
Please note the property is located within a FEMA-designated floodplain. Buyers are encouraged to perform their own due diligence regarding floodplain regulations, insurance requirements, and any intended future use of the property.
The property is located in La Grange, Texas, in a high-visibility area near the Colorado River, with convenient access intended for commercial traffic.
Please note the property is located within a FEMA-designated floodplain. Buyers are encouraged to perform their own due diligence regarding floodplain regulations, insurance requirements, and any intended future use of the property.
Key Highlights
- 1998‑built commercial property in La Grange, Texas
- Approximately 0.60‑acre site with an existing car wash being sold as‑is and no longer operating
- Property is located within a FEMA‑designated floodplain; buyers should review floodplain regulations and insurance requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,348
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,960
$307.0K
Cap Rate 7%
$219,257
$219.3K
Cap Rate 9%
$170,533
$170.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$24.1K $8.04/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$21.9K $7.31/SF
− OpEx
−$6.6K −$2.19/SF
NOI
$15.3K $5.12/SF
Area
Fayette County, TX
Vacancy
9.10%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,960
Cap Rate 7%
$219,257
Cap Rate 9%
$170,533
Alternative Uses
Best Use
Specialty Retail
$619.6K
$542.2K – $722.9K
NOI $43,375 @ 7.0% cap · market cap 17.35%
Second Best
Retail
$580.5K
$508.0K – $677.3K
NOI $40,636 @ 7.0% cap · market cap 16.25%
Theoretical Best
Multifamily LT 5
$33.63M
$29.43M – $39.24M
NOI $2,354,411 @ 7.0% cap · market cap 941.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 78945, TX
10,483
Population
5,461
Households
1.9
Avg Household Size
46
Median Age
31%
College-Educated
91%
High-School Grad
248.2 sq mi
ZIP Area
42
Density / Sq Mi
$76,221
Median Household Income
$40,180
Median Earnings
$747
Median Rent
$299,500
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
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Frequently Asked Questions
What type of property is this?
Self service car wash - Existing car wash is sold as-is and no longer operating, offering renovation or redevelopment flexibility.
Where is this self service car wash located?
The property is located at 621 W Travis Street La Grange, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1998‑built commercial property in La Grange, Texas; Approximately 0.60‑acre site with an existing car wash being sold as‑is and no longer operating; Property is located within a FEMA‑designated floodplain; buyers should review floodplain regulations and insurance requirements
