4-Bay Car
New
For Sale
$200,000
1045 Old Us Highway 52, New Richmond, OH 45157
Public water and sewer serve the existing car wash site.
Property Size2,306 SF
Lot Size0.49 Acres
Price / SF$86.73
Days on Market3
Property Features for 1045 Old Us Highway 52
General Information
Standard status
Active
Size
2,306 SF
Lot size
0.49 Acres
Additional Details
Utilities to Site
Yes
Car Wash Bays
4
Building Details
Buildings
1
Construction
brick
Listing Agency:
Endurance Realty & Investments
Listed By:
John J. Harrison · License #205244
(513) 325-4403
Source:
Exprealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:30AM
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 Endurance Realty & Investments
Investment Insights
Based on property information with market context.
The car wash at 1045 Old US Highway 52 in New Richmond, Ohio, includes a 2,306-square-foot brick building with four wash bays. Each bay measures 26 feet deep by 12 feet wide.
The property occupies 0.49 acres and has 325 feet of frontage along Old US Highway 52. Public water and sewer are available at the site.
The property occupies 0.49 acres and has 325 feet of frontage along Old US Highway 52. Public water and sewer are available at the site.
Key Highlights
- Four wash bays, each 26' deep x 12' wide
- 2,306‑square‑foot brick building
- 0.49‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,062
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,240
$241.2K
Cap Rate 7%
$172,314
$172.3K
Cap Rate 9%
$134,022
$134.0K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$18.0K $7.80/SF
− Vacancy
−$755 −$0.33/SF
EGI
$17.2K $7.47/SF
− OpEx
−$5.2K −$2.24/SF
NOI
$12.1K $5.23/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,240
Cap Rate 7%
$172,314
Cap Rate 9%
$134,022
Alternative Uses
Best Use
Specialty Retail
$387.6K
$339.1K – $452.2K
NOI $27,131 @ 7.0% cap · market cap 13.57%
Second Best
Retail
$320.0K
$280.0K – $373.3K
NOI $22,397 @ 7.0% cap · market cap 11.20%
Theoretical Best
Office A
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 45157, OH
9,705
Population
4,069
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
41.1 sq mi
ZIP Area
236
Density / Sq Mi
$96,875
Median Household Income
$43,651
Median Earnings
$874
Median Rent
$232,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Public water and sewer serve the existing car wash site.
Where is this car wash located?
The property is located at 1045 Old Us Highway 52 New Richmond, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Four wash bays, each 26' deep x 12' wide; 2,306‑square‑foot brick building; 0.49‑acre parcel
