1631 Barker Cypress RdHouston, TX 77084

Property Details for 1631 Barker Cypress Rd

Year built

1999

Construction

WOOD FRAME

Lot size

0.80 AC

Property size (Sq ft)

2,360 SF

Property type

Self service car washes

APN

1186840010006

APU

1186840010006

Description

This exceptional investment opportunity presents a vacant car wash facility located at 1631 Barker Cypress Rd, Houston, TX 77084, in Harris County. The property sits on a substantial 35,000 square foot lot and features a single-story, 2,360 square foot building. Constructed in 2016, the building underwent renovations that year. Currently vacant, this property offers significant potential for a savvy investor. The car wash is ready for a new owner to bring it back to its full potential. While requiring repairs, equipment upgrades, and updates, the existing infrastructure provides a solid foundation for a thriving business. The property's prime location in Houston offers excellent visibility and accessibility. The seller is offering owner financing, making this an attractive proposition for buyers seeking flexible payment options. This is a unique chance to acquire a well-situated car wash property with considerable upside. The property's size and location make it an ideal candidate for redevelopment or refurbishment into a fully operational car wash. Serious inquiries are encouraged to explore this promising investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $710,498

  6.5%

  $655,844

  7%

  $608,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $879,051

  Geo Method

  $1,780,532

• Alternative Use

  Use

  Valuation

  Residential

  $553,229

  Hospitality

  $506,755

  Educational

  $421,614

  Medical

  $436,114

  Retail

  $655,844

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7927

Longitude

-95.6892

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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