Updated Operating Car
For Sale
$119,900
1004 William Street, Cape Girardeau, MO 63703
Fully operational facility with cash, debit card, and bill acceptor payment systems.
Property Size600 SF
Days on Market76
Property Features for 1004 William Street
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,758
Building Details
Building Size
600 SF
Buildings
1
Listing Agency:
Century 21 Ashland Realty
(573) 979-5719
Listed By:
Sandy Tegel · License #2001014505
(573) 979-5719
Source:
Century21laclede
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 29 at 8:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Ashland Realty
Investment Insights
Based on property information with market context.
This fully operational car wash is located at 1004 William Street in Cape Girardeau, Missouri. Major equipment updates were completed within the last 2 years, supporting the facility’s current operating setup.
Customer payment options include cash, debit card, and bill acceptor systems. The property combines an established car wash operation with updated equipment and multiple payment methods.
Customer payment options include cash, debit card, and bill acceptor systems. The property combines an established car wash operation with updated equipment and multiple payment methods.
Key Highlights
- Fully operational car wash at 1004 William Street, Cape Girardeau, MO 63703
- Major equipment updates completed within the last 2 years
- Accepts cash, debit card, and bill acceptor payments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$121,300
$121.3K
Cap Rate 7%
$86,643
$86.6K
Cap Rate 9%
$67,389
$67.4K
Market Conditions
NOI Build-Up for 600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.4K $14.04/SF
− Vacancy
−$337 −$0.56/SF
EGI
$8.1K $13.48/SF
− OpEx
−$2.0K −$3.37/SF
NOI
$6.1K $10.11/SF
Area
Cape Girardeau County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$121,300
Cap Rate 7%
$86,643
Cap Rate 9%
$67,389
Alternative Uses
Best Use
Specialty Retail
$86.6K
$75.8K – $101.1K
NOI $6,065 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$79.0K
$69.2K – $92.2K
NOI $5,533 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$189.3K
$165.6K – $220.8K
NOI $13,250 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 28%
Dining 15%
Dollar General
Shops & Services
7,712 visits/mo
0.4 miles
Save-A-Lot
Groceries
5,717 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,033 visits/mo
0.2 miles
SUBWAY
Dining
3,185 visits/mo
0.4 miles
Demographics for 63703, MO
8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Fully operational facility with cash, debit card, and bill acceptor payment systems.
Where is this car wash located?
The property is located at 1004 William Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Fully operational car wash at 1004 William Street, Cape Girardeau, MO 63703; Major equipment updates completed within the last 2 years; Accepts cash, debit card, and bill acceptor payments
