8640 Jones RdJersey Village, TX 77064
- Retail properties
- 3,016 SF
Property Details for 8640 Jones Rd
- Year built
- 2014
- Construction
- BRICK
- Lot size
- 1.83 AC
- Property size (Sq ft)
- 3,016 SF
- Property type
- Retail properties
- Property subtype
- Other car washes
- APN
- 1359280010001
- APU
- 1359280010001
Description
This exceptional investment opportunity presents a thriving express car wash in Jersey Village, Texas, a suburb of Houston. Built in 2017, the facility boasts a state-of-the-art double tunnel wash system, maximizing efficiency and minimizing downtime. Even with simultaneous maintenance on one tunnel, the other remains operational, ensuring continuous service and revenue generation. Strategically located at 8640 Jones Rd, 77064, in Harris County, this car wash benefits from high visibility and consistent customer traffic. The well-maintained facility operates under the established iShine Express brand, known for its quality and customer satisfaction. The asking price is $4,900,000. This presents a strong return on investment for experienced operators seeking portfolio expansion or new investors looking to enter the lucrative Houston market. The dual tunnel design offers significant operational advantages, while the existing brand recognition provides a solid foundation for future growth. With strategic marketing and operational enhancements, this car wash possesses substantial untapped potential for increased revenue and profitability. This is a turnkey operation ready for immediate income generation.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $907,992
- 6.5%
- $838,147
- 7%
- $778,279
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,123,398
- Geo Method
- $2,275,460
-
Alternative Use
- Use
- Valuation
- Residential
- $707,008
- Hospitality
- $647,616
- Educational
- $538,809
- Medical
- $557,339
- Retail
- $838,147
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.8998
- Longitude
- -95.5837
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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