Whitewater Express Car
For Sale
Contact for pricing
701 Fort Worth Highway, Weatherford, TX 76086
Car wash facility completed in 2022.
Property Size7,745 SF
Price / SF$591.18
Days on Market132
Property Features for 701 Fort Worth Highway
General Information
Standard status
Active
Size
7,745 SF
Property subtype
Special Purpose
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$286,166
Additional Details
Business Included
Yes
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 9:27AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This Whitewater Express car wash property comprises 7,745 square feet and was completed in 2022. The asset is located at 701 Fort Worth Highway in Weatherford, Texas, within ZIP code 76086. Property information identifies the asset specifically as a car wash, with the Whitewater Express name associated with the listing. The available details support a straightforward profile of a recently built automotive property at an established highway address.
Key Highlights
- 7,745‑square‑foot car wash property
- Completed in 2022
- 701 Fort Worth Highway address
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
$133,382
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
2.91%
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%
$2,667,640
$2.7M
Cap Rate 7%
$1,905,457
$1.9M
Cap Rate 9%
$1,482,022
$1.5M
Market Conditions
NOI Build-Up for 7,745 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
$186.8K $24.12/SF
− Vacancy
−$9.0K −$1.16/SF
EGI
$177.8K $22.96/SF
− OpEx
−$44.5K −$5.74/SF
NOI
$133.4K $17.22/SF
Area
Parker County, TX
Vacancy
4.80%
Lease Rate
$24.12 /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%
$2,667,640
Cap Rate 7%
$1,905,457
Cap Rate 9%
$1,482,022
Alternative Uses
Best Use
Industrial
$7.70M
$6.73M – $8.98M
NOI $538,713 @ 7.0% cap · market cap 11.77%
Second Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,382 @ 7.0% cap · market cap 2.91%
Theoretical Best
—
—
same as Best Use
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
846
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 40%
Dining 11%
Albertsons
Groceries
40,668 visits/mo
0.5 miles
Murphy USA
Shops & Services
19,496 visits/mo
0.4 miles
Sunoco
Shops & Services
6,677 visits/mo
0.1 miles
Pantry
Shops & Services
6,421 visits/mo
0.4 miles
Chevron
Shops & Services
5,292 visits/mo
0.4 miles
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
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 - Car wash facility completed in 2022.
Where is this car wash located?
The property is located at 701 Fort Worth Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $4,578,659.
What are key features of this property?
This property features: 7,745‑square‑foot car wash property; Completed in 2022; 701 Fort Worth Highway address
