6-Bay Coin-Operated Car
For Sale
$350,000
923 W Business Highway 83, Mission, TX 78572
Enclosed 6-bay coin-operated car wash with a dedicated equipment room and vacuum bays behind the wash bays.
Property Size4,000 SF
Price / SF$87.50
Days on Market267
Property Features for 923 W Business Highway 83
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,781
Listing Agency:
Cohrs Realty Group
(956) 464-7355
Listed By:
Jonathan W. Cohrs
(956) 330-1878
Source:
Exprealty
Added: Dec 11, 2025
Changed: Aug 20
Last Checked: Sep 2 at 1:41AM
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 Cohrs Realty Group
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.
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 = 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
$21,049
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
6.01%
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%
$420,980
$421.0K
Cap Rate 7%
$300,700
$300.7K
Cap Rate 9%
$233,878
$233.9K
Market Conditions
NOI Build-Up for 4,000 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
$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 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%
$420,980
Cap Rate 7%
$300,700
Cap Rate 9%
$233,878
Alternative Uses
Best Use
Specialty Retail
$829.3K
$725.6K – $967.5K
NOI $58,051 @ 7.0% cap · market cap 16.59%
Second Best
Retail
$771.6K
$675.1K – $900.2K
NOI $54,009 @ 7.0% cap · market cap 15.43%
Theoretical Best
Hotel Hospitality
$3.01M
$2.64M – $3.52M
NOI $210,900 @ 7.0% cap · market cap 60.26%
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
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
Questions? Ask Rey
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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
