3155 Riv Rd Amarillo, TX 79107
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R2 · Amarillo, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.