Bay Car Wash on Corner
For Sale
$575,000
952 S Commercial St, Aransas Pass, TX 78336
3,496 SF 7-bay car wash on a 0.64-acre corner lot with automatic and self-serve bays.
Property Size3,496 SF
Lot Size0.64 Acres
Price / SF$164.47
Days on Market174
Property Features for 952 S Commercial St
General Information
Standard status
Active
Size
3,496 SF
Lot size
0.64 Acres
Property subtype
Car Wash
Zoning
GB
Additional Details
Traffic Count
9,030 vehicles/day
Service Bays
7
Building Details
Building Size
3,496 SF
Year Built
1997
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
David Heitzman · License #TX #806588
(312) 823-9626
Source:
Craveyrealestate
Added: Mar 17
Changed: Sep 2
Last Checked: Sep 5 at 6:36AM
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 Cravey Real Estate Services Inc
Investment Insights
Based on property information with market context.
This 3,496 SF, 7-bay car wash is located on a 0.64-acre corner lot with prominent frontage along S. Commercial. The facility was originally constructed in 1997 and includes one automatic bay, six self-serve bays, an equipment room, and a covered vacuum area. While the property is not currently operating, the core wash infrastructure is in place for a new owner to reactivate operations.
The site sits on a primary commercial corridor with approximately 9,030 vehicles per day, supporting consistent exposure for everyday wash demand. It is also roughly half a mile from the Aransas Pass public boat ramp, which may add to the customer base by capturing boat wash traffic.
The property is zoned General Business (GB) and there are no known easements or encroachments affecting the site, according to the provided information.
The site sits on a primary commercial corridor with approximately 9,030 vehicles per day, supporting consistent exposure for everyday wash demand. It is also roughly half a mile from the Aransas Pass public boat ramp, which may add to the customer base by capturing boat wash traffic.
The property is zoned General Business (GB) and there are no known easements or encroachments affecting the site, according to the provided information.
Key Highlights
- 3,496 SF 7‑bay bay car wash on a 0.64‑acre corner lot with prominent frontage on S. Commercial
- Built in 1997 and includes 1 automatic bay, six self‑serve bays, an equipment room, and a covered vacuum area
- Site is not currently operating, but core infrastructure is in place for reactivation and multiple revenue streams
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
$17,413
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
3.03%
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%
$348,260
$348.3K
Cap Rate 7%
$248,757
$248.8K
Cap Rate 9%
$193,478
$193.5K
Market Conditions
NOI Build-Up for 3,496 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
$28.1K $8.04/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$24.9K $7.12/SF
− OpEx
−$7.5K −$2.13/SF
NOI
$17.4K $4.98/SF
Area
San Patricio County, TX
Vacancy
11.50%
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%
$348,260
Cap Rate 7%
$248,757
Cap Rate 9%
$193,478
Alternative Uses
Best Use
Specialty Retail
$888.2K
$777.2K – $1.04M
NOI $62,173 @ 7.0% cap · market cap 10.81%
Second Best
Industrial
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 3.03%
Theoretical Best
Hotel Hospitality
$1.79M
$1.57M – $2.09M
NOI $125,541 @ 7.0% cap · market cap 21.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
9,030 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
1,307 visits/mo
0.4 miles
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - 3,496 SF 7-bay car wash on a 0.64-acre corner lot with automatic and self-serve bays.
Where is this car wash located?
The property is located at 952 S Commercial St Aransas Pass, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,496 SF 7‑bay bay car wash on a 0.64‑acre corner lot with prominent frontage on S. Commercial; Built in 1997 and includes 1 automatic bay, six self‑serve bays, an equipment room, and a covered vacuum area; Site is not currently operating, but core infrastructure is in place for reactivation and multiple revenue streams
