Turnkey Car Wash
For Sale
$650,000
10705 Biscayne Boulevard, Miami, FL 33161
Turnkey car wash on a corner with daily traffic of 65,000 vehicles or more and facilities upgraded within the past three years.
Property Size2,000 SF
Days on Market50
Property Features for 10705 Biscayne Boulevard
General Information
Standard status
Active
Size
2,000 SF
Property subtype
COMMERCIAL
Site & Location
Traffic Count
65,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
indoor seating area
Building Details
Building Size
2,000 SF
Year Built
2023
Listing Agency:
Brickell Realty Group International
Listed By:
Pittel J Dominguez · License #3053917
(786) 512-4072
Source:
Silverleafrealtygroup
Added: Jul 27
Changed: Sep 11
Last Checked: Sep 13 at 11:44AM
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 Brickell Realty Group International
Investment Insights
Based on property information with market context.
Turnkey car wash business with facilities in operation for over 15 years. The property was upgraded in the last three years to incorporate the Ceramic Pro brand, supporting services for high-end vehicles and sedans. Customer experience includes indoor seating with a panoramic glass view of the detailing area. Staff are trained and certified to handle both luxury cars and everyday vehicles, and the owner is willing to provide training and support after the sale.
The business is located on the busy Biscayne Blvd corridor at the corner of US 1 and 107 St, with daily traffic of 65,000 vehicles or more.
Built in 2023, this is positioned as an easy-to-run operation, with an appointment-only showing for confidentiality.
The business is located on the busy Biscayne Blvd corridor at the corner of US 1 and 107 St, with daily traffic of 65,000 vehicles or more.
Built in 2023, this is positioned as an easy-to-run operation, with an appointment-only showing for confidentiality.
Key Highlights
- Corner location on US 1 and 107 St with daily traffic of 65,000 vehicles or more
- Facilities upgraded in the last three years to incorporate the Ceramic Pro brand
- Indoor seating with panoramic glass view of the detailing area
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
$26,869
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
4.13%
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%
$537,380
$537.4K
Cap Rate 7%
$383,843
$383.8K
Cap Rate 9%
$298,544
$298.5K
Market Conditions
NOI Build-Up for 2,000 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
$40.3K $20.16/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$38.4K $19.19/SF
− OpEx
−$11.5K −$5.76/SF
NOI
$26.9K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$537,380
Cap Rate 7%
$383,843
Cap Rate 9%
$298,544
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 14.54%
Second Best
Retail
$932.2K
$815.6K – $1.09M
NOI $65,251 @ 7.0% cap · market cap 10.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
65,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Turnkey car wash on a corner with daily traffic of 65,000 vehicles or more and facilities upgraded within the past three years.
Where is this car wash located?
The property is located at 10705 Biscayne Boulevard Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Corner location on US 1 and 107 St with daily traffic of 65,000 vehicles or more; Facilities upgraded in the last three years to incorporate the Ceramic Pro brand; Indoor seating with panoramic glass view of the detailing area
