Carl Junction Car Wash
For Sale
Contact for pricing
1105 E Pennell St, Carl Junction, MO 64834
Self-serve and automatic car wash for sale in Carl Junction.
Property Size3,135 SF
Price / SF$82.26
Days on Market830
Property Features for 1105 E Pennell St
General Information
Standard status
Active
Size
3,135 SF
Property subtype
Special Purpose
Building Details
Year Built
2001
Listing Agency:
KW Greater Springfield
Listed By:
Tyler Richardson · License #MO2014032729
Source:
Crexi
Added: May 13, 2024
Changed: Aug 10
Last Checked: Aug 19 at 10:31AM
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 KW Greater Springfield
Investment Insights
Based on property information with market context.
This commercial property in Carl Junction, Missouri, presents an income opportunity with a car wash business. The property features six self-service bays and one touchless automatic car wash. A remaining bay presents a value-add opportunity for expansion or additional services. The property is situated in a location with high visibility. The property size is 3135 square feet. This property is suitable for generating passive income.
Key Highlights
- High visibility location in Carl Junction
- Income opportunity with 6 self‑serve bays and 1 touchless automatic bay
- Value‑add opportunity with 1 unused bay
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
$12,706
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
4.93%
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%
$254,120
$254.1K
Cap Rate 7%
$181,514
$181.5K
Cap Rate 9%
$141,178
$141.2K
Market Conditions
NOI Build-Up for 3,135 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
$18.8K $6.00/SF
− Vacancy
−$658 −$0.21/SF
EGI
$18.2K $5.79/SF
− OpEx
−$5.4K −$1.74/SF
NOI
$12.7K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /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%
$254,120
Cap Rate 7%
$181,514
Cap Rate 9%
$141,178
Alternative Uses
Best Use
Specialty Retail
$452.7K
$396.1K – $528.2K
NOI $31,691 @ 7.0% cap · market cap 12.29%
Second Best
Retail
$422.5K
$369.7K – $493.0K
NOI $29,578 @ 7.0% cap · market cap 11.47%
Theoretical Best
Office A
$945.9K
$827.6K – $1.10M
NOI $66,211 @ 7.0% cap · market cap 25.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 64834, MO
10,239
Population
3,936
Households
2.6
Avg Household Size
36
Median Age
36%
College-Educated
96%
High-School Grad
32.2 sq mi
ZIP Area
318
Density / Sq Mi
$78,682
Median Household Income
$42,293
Median Earnings
$1,203
Median Rent
$200,300
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?
Self service car wash - Self-serve and automatic car wash for sale in Carl Junction.
Where is this self service car wash located?
The property is located at 1105 E Pennell St Carl Junction, MO.
What is the asking price?
The asking price for this property is $257,895.
What are key features of this property?
This property features: High visibility location in Carl Junction; Income opportunity with **6 self‑serve bays and 1 touchless automatic bay**; Value‑add opportunity with **1 unused bay**
