Self-Service Car
For Sale
$1,100,000
6821 Everhart Road Corpus, Corpus Christi, TX 78413
Operational wash facility with both self-service and automatic vehicle-cleaning functions.
Property Size3,751 SF
Lot Size1.10 Acres
Price / SF$293.26
Days on Market194
Property Features for 6821 Everhart Road Corpus
General Information
Standard status
Active
Size
3,751 SF
Lot size
1.10 Acres
Property subtype
Big Box Retail
Additional Details
Business Included
Yes
Road Access
Yes
Car Wash Bays
6
Building Details
Building Size
3,751 SF
Year Built
2008
Buildings
1
Listing Agency:
KW Commercial | Tom Verducci
(361) 774-1685
Listed By:
Tom A Verducci · License #537279,TX
(361) 774-1685
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 11:40AM
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 KW Commercial | Tom Verducci
Investment Insights
Based on property information with market context.
This car wash property includes a +/- 3,751 square foot building constructed in 2008 on approximately +/- 1.1 acres. The facility is configured with four self-serve bays and two automatic wash bays, combining customer-operated and in-bay automatic service formats.
The property is located at 6821 Everhart Road in Corpus Christi, Texas, along a major arterial route on the city’s south side. The site’s position provides direct exposure to passing roadway traffic and places the operation within an area described as experiencing ongoing growth and development.
The property is located at 6821 Everhart Road in Corpus Christi, Texas, along a major arterial route on the city’s south side. The site’s position provides direct exposure to passing roadway traffic and places the operation within an area described as experiencing ongoing growth and development.
Key Highlights
- Four self‑serve wash bays
- Two automatic wash bays
- Approximately +/- 3,751 square foot building
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
3.69%
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 3.69%
Second Best
Retail
$514.8K
$450.5K – $600.6K
NOI $36,038 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,650 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
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?
Car wash - Operational wash facility with both self-service and automatic vehicle-cleaning functions.
Where is this car wash located?
The property is located at 6821 Everhart Road Corpus Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four self‑serve wash bays; Two automatic wash bays; Approximately +/- 3,751 square foot building
