Existing Car Wash
For Sale
$250,000
621 W Travis Street, La Grange, TX 78945
CommercialSale, La Grange, TX
Property Size3,000 SF
Lot Size0.60 Acres
Price / SF$83.33
Days on Market49
Property Features for 621 W Travis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, Flood Zone, Half To One Acre Lot
Directions
From the intersection of Highway 71 and Highway 77 in La Grange, take the TX-71 Business (W. Travis St.) exit and head west. Continue approximately 2 miles. The property will be on the right-hand side at 621 W. Travis St., just before the bridge over the Colorado River.
Standard status
Active
APN
54201
Size
3,000 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOORE FARM BLOCKS (446) BLK FRC 17 & 18.6458 COMM - CAR WASH
Legal Description
MOORE FARM BLOCKS (446) BLK FRC 17 & 18.6458 COMM - CAR WASH
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Land Unlimited
(512) 729-7139
Listed By:
Taylor Greeves · License #0784801
(817) 657-2257
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 23 at 3:06AM
MLS# 618922
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 621 W Travis Street in La Grange, Texas, this commercial property includes an existing car wash building on approximately 0.6 acres. The 3000-square-foot facility was built in 1998 and is constructed with brick, with concrete flooring throughout.
The car wash is not currently operating and is offered as-is. Public water and public sewer serve the property. The site lies within a FEMA-designated floodplain, making review of applicable regulations, insurance requirements, and proposed future use an important part of buyer due diligence.
The car wash is not currently operating and is offered as-is. Public water and public sewer serve the property. The site lies within a FEMA-designated floodplain, making review of applicable regulations, insurance requirements, and proposed future use an important part of buyer due diligence.
Key Highlights
- Existing car wash facility on approximately 0.6 acres
- 3000 square feet of building area
- Built in 1998 with brick construction and concrete flooring
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
$15,348
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
6.14%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Inactive car wash facility with public water and public sewer service on a commercial site in La Grange.
Where is this 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: Existing car wash facility on approximately 0.6 acres; 3000 square feet of building area; Built in 1998 with brick construction and concrete flooring
