8640 Jones RdJersey Village, TX 77064

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $730,736

  6.5%

  $674,525

  7%

  $626,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $463,625

  Geo Method

  $939,079

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,342,060

  Mixed-Use / Specialty

  $661,344

  Hospitality / Lodging

  $471,176

  Office

  $646,190

  Institutional / Educational

  $683,679

  Residential Income

  $799,905

  Multifamily

  $1,019,110

  Automotive / Energy

  $586,011

  Parking / Income-Based Land

  $212,872

  Restaurant / Food Service

  $320,970

  Healthcare / Senior Housing

  $689,247

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

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