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    588 School Dr Waynesburg, PA 15370

    View on Map
    Sponsored
    For Sale
    $1,499,000

    Other - Waynsbrg/Frankln Twp, PA

    Property size:
    2,581 SF
    Lot size:
    1.02 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 12 at 6:06 pm

    Property Features for 588 School Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-MU
    Size
    2,581 SF
    Lot size
    1.02 Acres

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Haeck

    Coldwell Banker Real Estate Services (412) 548-1202

    Listing agent Michelle Haeck (412) 833-5405 License #RS316408

    Listing date Mar 12, 2026

    MLS# 1743451 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Two Profitable Car Wash Properties

    Two commercial car wash properties with storage units are available as a package in Waynesburg. The properties are located approximately 2 miles from each other and are both fully operating, profitable car washes. One property includes 9 income-generating storage units. The first property, located at 118 School Drive, is situated just 0.25 miles from the Greene County Fairgrounds on a 0.50+ acre commercial property. It features a 2,581 square foot building operating as a self-serve car wash, complete with 4 pressure wash bays, 1 auto wash bay, and an office. Additionally, there is a 2,225 square foot storage building with 9 units (7 leased and 2 currently utilized by owners). Each storage unit measures 10 feet by 24 feet, stud partitioned with OSB interior. The second property, located at 588 W. High St, is less than 0.5 miles from Waynesburg University and 2.5 miles from Greene County Fairgrounds, on a 0.52+ acre commercial property. This site features a 2,450 square foot building operating as a self-serve car wash with 4 pressure wash bays, 1 auto wash bay, and an office. The dimensions of each pressure wash bay are 13 feet x 25 feet. The car wash buildings on both properties are of brick and block construction with asphalt roofing. The properties are zoned C-MU and are located in Waynesburg, PA.
    Location Intelligence

    Current Use by Public Records

    Self service car ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Greene
    State
    Pennsylvania
    Longitude
    -80.202697
    Latitude
    39.89823

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    FAQs

    What type of property is this?
    Self service car wash - Two fully operating car washes with storage units for sale.
    Where is this self service car wash located?
    The property is located at 588 School Dr Waynesburg, PA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Two fully operating, profitable car wash properties selling as a package, providing immediate income.; - Property #1 includes 9 storage units (7 leased) providing additional income.; - Both properties offer exceptional visibility and high traffic flow.
    (412) 833-5405
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    588 School Dr Waynesburg, PA 15370
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    Waynesburg, PA 15370
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    588 School Dr Waynesburg, PA 15370
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    We can help!
    Listing Contact
    Michelle Haeck
    Real Estate License ID: RS316408
    (412) 833-5405
    Learn more
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