Property profile

4907 Avenue P Lubbock, TX 79412

OFF-MARKET
Specialty properties
2,961 SF 0.42 ac lot Built 1974
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Property summary

AI-generated overview

This fully operational car wash in Lubbock, Texas presents a unique owner-user opportunity. The 2,961 square foot facility, situated on a 0.42-acre lot (APN R67738), boasts eight wash bays and vacuum stations, operating 24/7 with a starting wash price of $1.50. Built in 1974 and extensively renovated in 2023, the property includes recent upgrades such as new hoses, wands, foam brushes, and troughs. Pumps and valves have been serviced, and four vacuums have been rebuilt. Customers can pay via cash or credit card, with a credit card system installed in 2023. Additional revenue streams are generated through a vending machine offering towels, air fresheners, tire shine, and Armor All. The property is zoned AC (Auto-Urban Commercial) and benefits from desirable tax advantages under IRS codes 179 & 168(K) – consult your tax advisor for details. This established business offers a steady income stream and significant potential for growth. The asking price is $449,000 ($151.64/sq ft). Located at 4907 Avenue P, Lubbock, TX 79412.

Property profile

Verified
Property type Specialty properties
Year built 1974
Total area 2,961 SF
Lot 0.42 ac (18,295 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

4907 Avenue P Lubbock, TX 79412
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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