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    5010 Texoma Pkwy Sherman, TX 75090

    For Sale
    $1,100,000

    Profitable Car Wash, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional car wash opportunity in Sherman, Texas, presents a compelling investment prospect. The property encompasses a 2,700 square foot building situated on a 0.05733-acre lot at 5010 Texoma Parkway. Benefitting from a daily traffic count of 15,195 vehicles, this location enjoys high visibility and accessibility. The car wash utilizes an ICS Carwash System, and all site lighting was upgraded to energy-efficient LED in 2022. This asset-only sale presents a turnkey operation ready for immediate revenue generation. Sherman, Texas, is experiencing significant population and economic growth, with projections suggesting a potential doubling of the population within the next five to ten years. The city's average household income within a one-mile radius is $97,372, indicating a strong consumer base. Furthermore, Sherman's burgeoning semiconductor industry, fueled by investments from companies like GlobiTech and Texas Instruments, is creating numerous high-paying jobs. The city's proximity to entertainment venues, including a planned Margaritaville Resort and Hard Rock Hotel at Lake Texoma, further enhances its appeal and potential for future growth. This property is available for sale individually or as part of a three-property portfolio that also includes locations in Edmond, Oklahoma, and New Braunfels, Texas. The asking price is $1,100,000.

    Property Features for 5010 Texoma Pkwy

    General Information

    Property type
    Automotive properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Speedy Shine Car Wash Finish Line Express ... Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.580544575317
    Latitude
    33.688944257515

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    FAQs

    What type of property is this?
    Automotive property - Profitable Car Wash, High Traffic Area
    Where is this automotive property located?
    The property is located at 5010 Texoma Pkwy Sherman, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
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    5010 Texoma Pkwy Sherman, TX 75090
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    Realmo Value Estimation

    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.

    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.

    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
    5010 Texoma Pkwy Sherman, TX 75090
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