Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12573 Richmond Ave Houston, TX 77082

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12573 Richmond Ave Houston, TX 77082

    View on Map
    • Car washes
    • 8,930 SF
    • 1.02 lot acres
    For Sale
    $1,300,000
    View Listing →
    Houston Car Wash Business Opportunity For Sale
    $1,300,000
    1.02 Acres

    Houston Car Wash Business Opportunity

    Full-service car wash in a high-traffic Houston location.

    12573 Richmond Avenue, Houston, TX 77082
    View Listing
    Property ID
    US83-3531768
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yo! Hip Hop Pop Up Shop / (Bike/Boat/Book/etc) Store
    • A.J. Mister Clean / Car Wash

    Property Details for 12573 Richmond Ave

    Year built
    2004
    Construction
    CONCRETE BLOCKS
    Lot size
    1.02 lot acres
    Property size
    8,930 SF
    Property type
    Car washes
    APN
    1235130010001
    APU
    1235130010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $693,000
      Market price range: $379k - $773k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $675,000
      Current use
      OFFICE BUILDING
      $620,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $570,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.604
    Latitude
    29.7293
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    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
    $14,137
    $356,008
    $855,678
    $1,211,686
    -
    $356,008
    $855,678
    $1,211,686

    Comparable in this City

    • Value Estimation by Request
      3,625 SF

      3146 Dairy Ashford Rd, Unit 8

      CAR WASH - SELF-SERVE • 3,625 SF
      3146 Dairy Ashford Rd, Houston, TX 77082-2302
      View Details
    • Value Estimation by Request
      2,040 SF

      13851 Richmond Ave

      CAR WASH - SELF-SERVE • 2,040 SF
      13851 Richmond Ave, Houston, TX 77082-1712
      View Details
    • Value Estimation by Request
      1,860 SF

      12771 Medfield Dr, Unit 5

      CAR WASH - SELF-SERVE • 1,860 SF
      12771 Medfield Dr, Houston, TX 77082-5906
      View Details
    • Value Estimation by Request
      1,872 SF

      12137 Alief Clodine Rd

      AUTO REPAIR, GARAGE • 1,872 SF
      12137 Alief Clodine Rd, Houston, TX 77082-5811
      View Details
    • Value Estimation
      $590,000
      15,232 SF

      12091 Westpark Dr

      GAS STATION • 15,232 SF
      12091 Westpark Dr, Houston, TX 77082-5552
      View Details
    • Value Estimation by Request
      6,210 SF

      11110 Meadowglen Ln

      AUTO REPAIR, GARAGE • 6,210 SF
      11110 Meadowglen Ln, Houston, TX 77082-2627
      View Details

    Similar Nearby for Sale

    • $6,500,000
      1.39 Acres

      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 State Highway 6 S, Houston, TX 77082
      View Details
    • $1,300,000
      1.02 Acres

      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing
      5,500 SF

      New Express Car Wash Opportunity

      Newly built car wash on high-traffic Houston corridor for sale.
      3703 State Highway 6 S, Houston, TX 77082
      View Details
    • Contact for pricing
      7,939 SF

      Full Service Car Wash Houston

      Full service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing
      5,658 SF

      Turnkey Automotive Wheel Alignment Shop

      Freestanding 5,658 SF automotive shop on 39,499 SF lot.
      4004 S Texas 6, Houston, TX 77082
      View Details
    • Contact for pricing
      9,600 SF

      West Oaks Retail Center

      9,600 SF multi-tenant retail center at Highway 6.
      2808 State Highway 6 S, Houston, TX 77082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westpark Crossing Retail Space

      High-visibility retail space available in Westpark Crossing strip center.
      3711-3715 State Highway 6 South, Houston, TX 77082
      View Details
    • Contact for pricing

      Westheimer Retail Center Opportunity

      Retail spaces available in high-traffic Houston location.
      15015 Westheimer Pkwy, Houston, TX 77082
      View Details
    • Contact for pricing

      Prime Retail Space in Houston

      Anchored power center with established restaurant tenancy and pad site.
      2660 Eldridge Pkwy S, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Plaza on Westheimer Road

      Retail plaza for lease in West Houston near Hwy 6.
      15300 Westheimer Rd, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Space in Royal Oaks

      Retail space available in Houston's Royal Oaks neighborhood.
      12002 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Space Near West Oaks

      Retail space with high visibility and ample parking available for lease.
      16205 Westheimer Ave, Houston, TX 77082
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12573 Richmond Ave
    Houston, TX 77082
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12573 Richmond Ave, Houston, TX, 77082
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!