Listing Agency: Cohrs Realty Group Show Phone

Listed By: Jonathan W. Cohrs Show Phone

Source: Exprealty

Added: Dec 11, 2025 Changed: Oct 3 Last Checked: Oct 21 at 1:26AM

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Investment Insights

Based on property information with market context.

This for-sale car wash features six coin-operated bays and an enclosed equipment room. Behind the carwash, the property includes vacuum bays, providing additional cleaning services on site.

The offering is located at 923 W Business Highway 83 in Mission, TX. It’s positioned as a purpose-built automotive facility with on-site equipment enclosed for protection.

With a compact footprint and a straightforward bay-and-vacuum layout, the property supports a car wash operating configuration centered on customer-operated bays and vacuum service.

Key Highlights

• Enclosed 6‑bay coin‑operated car wash
• Dedicated enclosed equipment room for the car wash
• Vacuum bays located behind the wash bays

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,049

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,980 $421.0K

Cap Rate 7%

$300,700 $300.7K

Cap Rate 9%

$233,878 $233.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$32.2K $8.04/SF

− Vacancy

−$2.1K −$0.52/SF

EGI

$30.1K $7.52/SF

− OpEx

−$9.0K −$2.26/SF

NOI

$21.0K $5.26/SF

Area

Hidalgo County, TX

Vacancy

6.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,980

Cap Rate 7%

$300,700

Cap Rate 9%

$233,878

Alternative Uses

Best Use

Specialty Retail

$829.3K

$725.6K – $967.5K (±1% cap)

NOI $58,051 @ 7.0% cap · market cap 16.59%

Second Best

Retail

$771.6K

$675.1K – $900.2K (±1% cap)

NOI $54,009 @ 7.0% cap · market cap 15.43%

Theoretical Best

Hotel Hospitality

$3.01M

$2.64M – $3.52M (±1% cap)

NOI $210,900 @ 7.0% cap · market cap 60.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Self service car ...

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

479

Businesses Nearby

Explore this area Business Placement

Demographics for 78572, TX

78,280

Population

32,696

Households

2.4

Avg Household Size

36

Median Age

25%

College-Educated

75%

High-School Grad

53.7 sq mi

ZIP Area

1,458

Density / Sq Mi

$54,029

Median Household Income

$30,004

Median Earnings

$900

Median Rent

$121,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Car wash - Enclosed 6-bay coin-operated car wash with a dedicated equipment room and vacuum bays behind the wash bays.

Where is this car wash located?

The property is located at 923 W Business Highway 83 Mission, TX.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Enclosed 6‑bay coin‑operated car wash; Dedicated enclosed equipment room for the car wash; Vacuum bays located behind the wash bays