115 E Gibson St Jasper, TX 75951
Property profile & analytics
115 E Gibson St Jasper, TX 75951
- Commercial real estate
- 360 SF
- 0.27 lot acres
Property ID
US83-0717207
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 115 E Gibson St
- Year built
- 1996
- Lot size
- 0.27 lot acres
- Property size
- 360 SF
- Property type
- Commercial real estate
- APN
- 2192200
- APU
- 2192200
Description
This exceptional investment opportunity presents a 5,396 square foot Grease Monkey and Excel Car Wash located at 115 & 119 E Gibson Street, Jasper, TX 75951. The property sits on a 0.732-acre lot and boasts a strong location along Highway 190 (18,464 vehicles per day) and Highway 96 (14,267 vehicles per day), surrounded by major retailers including Walmart, Lowe's, Ashley Furniture, Dollar Tree, McDonald's, Walgreens, and O'Reilly Auto Parts. The property features a two-bay oil change building and car wash, operating under a corporate Triple Net lease with Grease Monkey International, LLC, a leading automotive oil change franchisor. The current lease, commencing October 5, 2018, and expiring October 31, 2033, has a remaining term of 8.9 years, with four 5-year renewal options and a 10% rent increase every five years. The property's Net Operating Income (NOI) is $152,345, yielding a 6.50% cap rate. Built in 2019, this asset benefits from a strong demographic profile, with a 5-mile population of 10,245 and an average household income of $70,864. Jasper, Texas, known as the "Jewel of the Forest," offers a desirable location near Sam Rayburn Lake, one of the nation's top fishing lakes. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving market with significant upside potential. The asking price is $2,343,774.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Jasper
- State
- Texas
- Longitude
- -93.9991
- Latitude
- 30.909
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,410
$46,871
$142,955
$189,826
-
$46,871
$142,955
$189,826
