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Property profile & analytics
OFF-MARKET Estimated value $650,000
Car washes

3124 Collinsworth St Fort Worth, TX 76107-6537

8,509 SF 0.9 ac lot Built 1989
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US83-3863721
Property summary
AI-generated overview

Exceptional opportunity to acquire a highly profitable car wash business located at 3124 Collinsworth St, Fort Worth, TX 76107. This 8,509 square foot facility, built in 1989, boasts a prime location on University in Fort Worth, with no nearby competition. The property features a 140-foot long, 18-foot wide tunnel, updated equipment including a dual-sided machine (the only one in DFW), and a Mobil 1 lube shop – the only one in Fort Worth. The facility includes prefabricated concrete buildings with an iconic tower, a gift shop/lobby with high-end finishes, and four 24-foot curb cuts for efficient traffic flow. The business benefits from a strong online presence, including a high number of authentic local Facebook likes and top Google reviews in Fort Worth. The current operation is hands-off, focusing on reputation and revenue, with significant potential for increased profitability through improved cost management and operational strategies, such as implementing VIP membership plans or a flex-serve model. The property is zoned for a car wash, ensuring long-term viability. The asking price is $9,495,000, representing $1,115.88 per square foot and $4,747,500 per unit. This is a unique opportunity to acquire a well-established, high-performing car wash in a rapidly developing area. The sale includes all equipment except for a specified rectangular wood pedestal and display table.

Property profile
Verified
Property type Car washes
Use group CAR WASH - AUTOMATED
Year built 1989
Total area 8,509 SF
Lot 0.9 ac (39,073 SF)
APN 6390-1-2
UPID US83-3863721
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
  • University Car Wash & Oil Service Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
$910k
Blend (final) Blend
$650k
Owner & transaction history
Washology LLC · 11 yrs held
Washology LLC
since 2015
2 recorded transactions
2015
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.0M +71.7%
Restaurant $970,000 +63.5%
Retail stores $950,000 +60.4%
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