Self-Service Car Wash with Covered
For Sale
$1,025,000
6821 Everhart, Corpus Christi, TX 78413
COMMERCIAL - Corpus Christi, TX
Property Size3,751 SF
Lot Size1.11 Acres
Price / SF$273.26
Days on Market543
Property Features for 6821 Everhart
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Landscaping
Subdivision
Foxwood Estates Ph I
Lot features
Landscaped
Standard status
Active
APN
260600020030
Size
3,751 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Description
FOXWOOD ESTATES PHASE I BLK 2 LOT 3
Legal Description
FOXWOOD ESTATES PHASE I BLK 2 LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
coin-operated vacuums
covered canopies area
Building Details
Year built
2008
Floors in Building
1
Listing Agency:
RE/MAX ELITE
(361) 777-7653
Listed By:
Johnny Enzo · License #0811903
(361) 910-4154
Added: Feb 19, 2025
Changed: Aug 4
Last Checked: Aug 16 at 7:06AM
MLS# 454684
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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.
This self-service car wash occupies a 3,751-square-foot property on 1.11 acres in Corpus Christi. The operation includes self-service wash bays, coin-operated vacuums, covered canopies, and an attendant service area where vehicles are hand washed and dried. Additional land is positioned behind the wash facility.
Constructed in 2008, the property has central air, natural gas heating, public water, and public sewer. Landscaping is also included among the exterior features. The combination of wash infrastructure, customer-service components, and rear land provides a clearly defined automotive-use property with multiple existing site elements.
Constructed in 2008, the property has central air, natural gas heating, public water, and public sewer. Landscaping is also included among the exterior features. The combination of wash infrastructure, customer-service components, and rear land provides a clearly defined automotive-use property with multiple existing site elements.
Key Highlights
- 3,751‑square‑foot self‑service car wash on 1.11 acres
- Self‑service wash bays with covered canopies
- Coin‑operated vacuums on site
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
$40,595
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
3.96%
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%
$811,900
$811.9K
Cap Rate 7%
$579,929
$579.9K
Cap Rate 9%
$451,056
$451.1K
Market Conditions
NOI Build-Up for 3,751 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
$58.5K $15.60/SF
− Vacancy
−$4.4K −$1.17/SF
EGI
$54.1K $14.43/SF
− OpEx
−$13.5K −$3.61/SF
NOI
$40.6K $10.82/SF
Area
ZIP 78413
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$811,900
Cap Rate 7%
$579,929
Cap Rate 9%
$451,056
Alternative Uses
Best Use
Specialty Retail
$579.9K
$507.4K – $676.6K
NOI $40,595 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$514.8K
$450.5K – $600.6K
NOI $36,038 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,650 @ 7.0% cap · market cap 9.72%
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
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
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 - Includes self-service bays, coin-operated vacuums, and an attendant wash station.
Where is this self service car wash located?
The property is located at 6821 Everhart Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 3,751‑square‑foot self‑service car wash on 1.11 acres; Self‑service wash bays with covered canopies; Coin‑operated vacuums on site
