Established Car Wash in New
1045 Old US Rte 52 New Richmond Ohio Mount Pisgah, OH 45157
1045 Old US Rte 52 New Richmond Ohio, Mount Pisgah, OH, 45157
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For Sale
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Well-located car wash with redevelopment potential in New Richmond, Ohio.
Property Size2,306 SF
Lot Size0.49 Acres
Price / SF$101.91
Days on Market722
Property Features for 1045 Old US Rte 52 New Richmond Ohio
General Information
- Standard status
- Active
- Size
- 2,306 SF
- Lot size
- 0.49 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2002
Listing Agency
Affordable Realty Services, LLC
(513) 325-4403
Listed by
J J Harrison · License #KY
Source
Crexi
Added: Jul 29, 2024 Updated: Jul 6 at 8:15 am Checked: Jul 17 at 10:50 am
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 Affordable Realty Services, LLC
Investment Insights
Based on property information with market context.
This property in New Richmond, Ohio, features a car wash with 4 bays, each measuring 26 feet deep by 12 feet wide, situated on a 0.49-acre lot. The 2,306 square foot brick building benefits from public water and sewer services. With 325 feet of frontage and high visibility, the location is suitable for a variety of business ventures. The property could continue as a car wash or be repurposed for retail, a drive-thru, or a fast food location.
Key Highlights
- Prime location in New Richmond, Ohio with high visibility and 325 feet of frontage.
- Versatile 0.49‑acre lot suitable for car wash, retail, drive‑thru, or fast food.
- Includes a 2306 sq ft brick building.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.0k | $7.80 |
| − Vacancy | −$755 | −$0.33 |
| EGI | $17.2k | $7.47 |
| − OpEx | −$5.2k | −$2.24 |
| NOI | $12.1k | $5.23 |
2,306 SF · lease $7.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$387.6K
$339.1K – $452.2K
NOI $27,131 @ 7.0% cap · market cap 11.55%
Second Best
Retail
$320.0K
$280.0K – $373.3K
NOI $22,397 @ 7.0% cap · market cap 9.53%
Theoretical Best
Office A
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Car washes
FAQs
What type of property is this?
Car wash - Well-located car wash with redevelopment potential in New Richmond, Ohio.
Where is this car wash located?
The property is located at 1045 Old US Rte 52 New Richmond Ohio Mount Pisgah, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Prime location in New Richmond, Ohio with high visibility and 325 feet of frontage.; Versatile 0.49‑acre lot suitable for car wash, retail, drive‑thru, or fast food.; Includes a 2306 sq ft brick building.
