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Property profile & analytics
OFF-MARKET
Specialty properties

5907 Broadway Ave Galveston, TX 77551

Built 2023
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two newly constructed express car washes in Galveston, Texas, built in 2023 and 2024. The portfolio includes both the businesses and the real estate, offering a unique owner-user opportunity. Located on major thoroughfares, these strategically positioned car washes benefit from high visibility and excellent access. The 5907 Broadway Avenue J location boasts over 42,500 vehicles passing daily and features a 140-foot tunnel with state-of-the-art Sonny's equipment, a DRB POS system, and 27 vacuum stations. Surrounding retail includes Big Lots, Anytime Fitness, and numerous other national chains. The 2712 61st Street location, fully renovated in 2023, benefits from consistent sales and a substantial membership base of over 2,000, providing a stable foundation for growth. Nearby retailers include Randalls, Walgreens, and other popular businesses. This portfolio offers a dominant market share in a low-competition market within the thriving Galveston area, home to numerous attractions and situated conveniently near major Texas cities via Interstate 45. The properties are currently vacant, presenting a blank canvas for a new owner to capitalize on the existing infrastructure and strong market position. The asking price for this exceptional portfolio is $11,695,000.

Property profile
Verified
Property type Specialty properties
Year built 2023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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