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$6,300,000

657 Us Highway 271 N, Gilmer, TX, 75644

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,756 Sq Ft
BusinessBusiness
price_per_sqft$2,285.92 / sqft
Year BuiltBuilt in 2022

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete, Tile

Exterior

Lot Size42,253 sqft

Building Information

Year Built2022

Land Information

APN65107064
Land UseCommercial
Legal DescriptionABS A200 HEREFORD, WILLIAM H,TRACT 234-1, .97 ACRES & CARWASH
Census Tract950400
Assessed Land Value$229,440
Assessed Improvement Value$526,160
Assessment Year2026

About this property

Built in 2022, this turnkey Speedie D's carwash is ideally situated on Highway 271 North in Gilmer. Located on approximately one acre, this carwash boasts 16 vacuums and industry-leading MacNeil washing equipment. The 81-foot washing tunnel can accommodate up to 7ft2in car heights, with an excess mud wash area for off-road customers. This is one of the most heavily trafficked areas in Gilmer, with over 17k++ vehicles per day, as well as having the Upshur County Seat located nearby, bringing in surrounding customers. The Hwy 271 anchor Walmart and Dollar Tree are located less than a mile away, as well as Autozone, Whataburger, Taco Bell, and the Gilmer National Bank. Gilmer is also home to the East Texas Yamboree, and all Northbound Traffic every year must pass by this car wash on the way to the festival. Monthly subscription services are available for express and full-service clients for repeat customers.

Investor Tools

$294,839Estimated Mortgage Balance
$460,761Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$37,800 /month
Positive
Cash Flow Estimate:
$12,600 /month

Interested in this property?

Melissa Croll

Attlee Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,941
$755,600
2026
$229,440
$526,160
$755,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,941
$755,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank
Commercial
$323,482
No
First
Feb 4, 2022
Feb 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,839
$460,761
60%
39%
$1,940/mo

City: Gilmer

657 Us Highway 271 N | Property Details | No Agent List