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Property profile & analytics
OFF-MARKET Estimated value $575,000
Self service car washes

1855 Richey St 12 Pasadena, TX 77502-1710

6,481 SF 1.5 ac lot Built 2002
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2515737
Property summary
AI-generated overview

This exceptional 6,481-square-foot car wash, built in 2002 and renovated in 2022, sits on a 1.5-acre lot in Pasadena, Texas (77502). Located in Harris County, this single-story building presents a prime investment opportunity. Currently operational, the car wash generates immediate cash flow, offering a strong return on investment. However, the significant redevelopment potential is a key feature. The property's zoning allows for a variety of high-demand uses, including retail, RV parks, self-storage facilities, or multifamily developments. This makes it an attractive option for investors seeking diverse development possibilities in a rapidly growing area. The property benefits from its location within a federally designated Opportunity Zone, providing substantial tax advantages. Furthermore, owner financing is available, offering flexible terms to suit various investor needs. The property's APN is 0060010010001. This is a rare chance to acquire a cash-flowing asset with substantial upside potential in a desirable Texas location. The address is 1855 Richey St.

Property profile
Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 2002
Construction CONCRETE BLOCKS
Total area 6,481 SF
Lot 1.5 ac (65,196 SF)
APN 60010010001
UPID US82-2515737
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
Current use
Occupant on record · Public records
  • Monument Car Wash Car Wash
  • Monument Car Wash/Food Court Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$575k
Owner & transaction history
Richey Carwash INC · 12 yrs held
Richey Carwash INC
since 2013
7 recorded transactions
2014
Price N/A
2013
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $945,000 +50.1%
Restaurant $795,000 +26.4%
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