This exceptional 7,462 square foot car wash, built in 2005, is situated on a substantial 47,999 square foot lot in Katy, Texas, within Harris County (zip code 77449). The property, currently offered for sale by owner at $2,850,000 ($381.94 per square foot), presents a compelling investment opportunity. The single-story building boasts a successful operational history, offering auto detailing and a range of additional services. Its prime location benefits from high traffic volume and proximity to numerous retail establishments, creating a strong customer base. The business enjoys a special tax advantage, further enhancing its financial appeal. This turnkey operation is ready for a new owner to capitalize on its established success and strong market position. The property's location at 5438 N Fry Rd, Katy, TX offers excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business in a thriving retail area. The property's size and location make it ideal for continued growth and expansion.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,055,038
6.5%
$3,743,112
7%
$3,475,746
Comparable approach
Method
Valuation
Relative Method
$4,428,420
Geo Method
$8,451,492
Alternative Use
Use
Valuation
Residential
$3,157,455
Hospitality
$2,892,212
Educational
$2,406,286
Medical
$2,489,042
Retail
$3,743,112
Location Insight
City
Katy
County
Harris
State
Texas
Latitude
29.849
Longitude
-95.7183
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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