5438 Fry RdKaty, TX 77449

Property Details for 5438 Fry Rd

Year built

2005

Construction

CONCRETE BLOCKS

Lot size

1.10 AC

Property size (Sq ft)

11,202 SF

Property type

Retail properties

Property subtype

Other car washes

APN

1279240010001

APU

1279240010001

Description

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.

• 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

Property Tax & Assessments

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