Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    611 Tenaha St Center, TX 75935

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Profitable Car Wash, High Cash Flow

    Property size:
    3,490 SF

    Property Features for 611 Tenaha St

    General Information

    Property type
    Automotive properties
    Square Feet
    3,490 SF

    Building Details

    Year Built
    2000
    Stories
    1

    We can help!

    Listing Contact
    Matthew Marshall, Ccim
    Matthew Marshall, Ccim

    Listing Agency: Drake Real Estate & Investment Listing Agent: Matthew Marshall, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a thriving, turn-key car wash located at 611 Tenaha St, Center, TX 75935. Boasting 3,490 square feet on a single story building constructed in 2000 and zoned C-1, this established business offers immediate cash flow. The property features four coin-operated self-serve wash bays and eight coin-operated vacuum bays, ensuring diverse revenue streams. A recently updated tunnel wash with modern electrical and computer components guarantees efficient operation. An on-site office provides convenient space for staff and management. Strategically positioned in Center's heart, between the downtown area and major retail establishments, this car wash benefits from high visibility and convenient access. Two grit traps with cleanout equipment are included. Year-over-year sales growth demonstrates consistent profitability. Detailed financial records are available upon request. This is a rare opportunity to acquire a well-established, high-performing car wash in a desirable location. The asking price is $1,790,000, representing a price per square foot of $512.89.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Auto Parts Store Veterinary Clinic Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Center
    County
    Shelby
    State
    Texas
    Longitude
    -94.1867576
    Latitude
    31.8038127

    Nearby Similar for Sale

    • $285,000
      1,344 SF

      Retail Store with Drive-Thru

      Retail store with drive-thru in high-traffic area.
      831 Shelbyville St, Center, TX 75935
      View Details
    • $199,000
      11,000 SF

      Versatile Commercial Space in Center, TX

      11,000 SF commercial building with multiple rental opportunities.
      1010 Nacogdoches St, Center, TX 75935
      View Details
    • $167,000
      2,488 SF

      Two Buildings Near Historic Downtown

      Two buildings on almost one acre near historic downtown.
      516 &518 Shelbyville St, Center, TX 75935
      View Details
    • $199,000
      0.52 Acres

      Venue with Vintage Decor

      Unique venue with vintage decor and open floor plan.
      1752 E State Highway 7, Center, TX 75935
      View Details
    • $149,000
      2,250 SF

      Storage Facility Investment Opportunity

      Established storage unit facility with income potential in Center, Texas.
      520 Shelbyville St, Center, TX 75935
      View Details
    • $110,000
      1,216 SF

      Tenaha Street Commercial Investment Opportunity

      Commercial building with multiple income opportunities and high visibility.
      309 Tenaha St, Center, TX 75935
      View Details
    • $199,000
      8,400 SF

      Center, TX Retail Opportunity

      Retail building with high traffic location in Center, Texas.
      826 Shelbyville St, Center, TX 75935
      View Details
    • $1,350,000
      40.00 Acres

      Profitable Poultry Farm on 40 Acres

      Active poultry farm with six broiler houses in Shelby County.
      2550 County Road 4293, Center, TX 75935
      View Details
    • $1,750,000
      42.00 Acres

      6-House Broiler Farm on 42 Acres

      Income-producing broiler farm with modern facilities in Shelby County, TX.
      Tbd Cr 3085, Center, TX 75935
      View Details
    • $1,500,000
      0.49 Acres

      Turn-Key Car Wash Investment

      Profitable car wash with tunnel and self-serve bays in Center, TX.
      611 Tenaha St, Center, TX 75935
      View Details
    • Contact for pricing

      Retail Center Anchored by Tractor Supply

      Dominant retail center with strong tenants in Center, Texas.
      1155 Tenaha St, Center, TX 75935
      View Details
    • $139,900
      2,486 SF

      Center, TX Retail Opportunity

      Retail space with warehouse, canopy, and vacant lot.
      1455 Southview Cir, Center, TX 75935
      View Details

    FAQs

    What type of property is this?
    Automotive property - Profitable Car Wash, High Cash Flow
    Where is this automotive property located?
    The property is located at 611 Tenaha St Center, TX.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: Four self-serve wash bays and eight self-serve vacuum bays with coin-operated systems.; Tunnel car wash with recently upgraded electrical and computer systems.; On-site office space.
    (903) 443-5894 Call to check price and availability
    Request Owner's contact information
    611 Tenaha St Center, TX 75935
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    611 Tenaha St
    Center, TX 75935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    611 Tenaha St Center, TX 75935
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Marshall, Ccim
    Matthew Marshall, Ccim
    Real Estate License ID: #0544812
    (903) 443-5894 (903) 581-3737
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!