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Property profile & analytics
OFF-MARKET
Self service car washes

3155 Riv Rd Amarillo, TX 79107

1,898 SF 0.19 ac lot Built 2005
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-6710745
Property summary
AI-generated overview

This exceptional investment opportunity features a portfolio of three buildings comprising a thriving Amarillo, TX car wash business. The property boasts seven car wash bays across two strategically located sites (3155 River Rd, 79107 and NE 24th Ave, 79101) in Potter County, generating a substantial net operating income (NOI) of $118,500, representing a compelling 28.21% cap rate. Recently renovated in 2024, this turnkey operation offers immediate income potential with a well-established customer base and significant growth opportunities. The total square footage ranges from 2,000 to 8,000 square feet, situated on commercially zoned land. This 100% ownership opportunity is priced at $420,000 and is structured for a 1031 exchange, making it an attractive option for investors seeking a profitable and easily managed business. The consistent six-figure annual revenue stream, combined with the established customer base and prime locations, presents a rare chance to acquire a highly profitable asset in a growing industry. This is an ideal investment for both experienced operators and first-time investors seeking a solid foundation for future expansion.

Property profile
Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 2005
Total area 1,898 SF
Lot 0.19 ac (8,276 SF)
Zoning code R2
APN R-035-3480-0170
UPID US82-6710745
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
24th Ave Car Wash LLC · 5 yrs held
24th Ave Car Wash LLC
since 2021
5 recorded transactions
2021
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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