Financial
Distress signals
Property profile

516 Friendship Ln Fredericksburg, TX 78624

FOR SALE
Commercial real estate
Property ID
US82-6061982
3,649 SF 1.82 ac lot Built 2013
Last sale Mar 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 3,649 square-foot express car wash, built in 2015, is situated on a 0.89-acre lot at 516 Friendship Ln, Fredericksburg, TX 78624 (APN 85341). The property features a 76-foot Sonny's Express Tunnel system, two Hamilton point-of-sale systems, and ten JE Adams vacuums. A new license plate reader was installed in 2024. The business currently offers membership plans and benefits from a prime location. High-traffic visibility is ensured by its proximity to established businesses

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$1.45M
Assessed land$866k
Assessed improvement$582k
Effective rate1.23%

Value estimate

· Sep 2026
$610k
$549k – $671k
AI approach$565k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$3k
Operating expenses−$22k
NOI · 3.30% cap applied$66k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.30%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGILLESPIE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.4
Parking Facility10.4
Nail Salon10.2

Location

516 Friendship Ln Fredericksburg, TX 78624
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Armory, Fredericksburg, TX 78624 $174,500 Mar 2019 17,450 SF
306 Acorn, Fredericksburg, TX 78624-3106 $100,000 Oct 2018 4,187 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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