Four-Bay Car Wash
1108 North Quincy Avenue Ottumwa, IA 52501
1108 North Quincy Avenue, Ottumwa, IA, 52501
Contact for pricing
For Sale
Contact for pricing
Pending
Well-maintained four-bay car wash with manual and automatic service options, vacuum stations, and an on-site office.
Property Size4,092 SF
Days on Market55
Property Features for 1108 North Quincy Avenue
General Information
- Standard status
- Pending
- Size
- 4,092 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing agency
CDM Real Estate Services
(515) 901-3403
Listed by
Jesse Caston · License #IA S58006000
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:25AM
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 CDM Real Estate Services
Investment Insights
Based on property information with market context.
This well-maintained four-bay car wash includes two manual bays and two automatic bays, giving customers multiple ways to get service. The site is also equipped with four vacuum stations for add-on cleaning demand, along with an on-site office for day-to-day operations and management. The automatic bays have been modernized, supporting current operational needs.
The property is located on Ottumwa’s high-traffic retail and restaurant corridor, with excellent visibility in a busy commercial setting. Its configuration is designed for efficient customer flow across the four-bay layout, supported by the additional vacuum locations on-site.
For an owner-operator or an investor, the property provides a turn-key combination of automated and manual wash capability plus vacuum services. The asset generated $131,367 in 2025 net income and is being offered with a stated 13% cap rate. With an established operating base and recognizable car wash operations, it may fit buyers looking for an automotive-focused business asset with documented income history and straightforward service infrastructure.
The property is located on Ottumwa’s high-traffic retail and restaurant corridor, with excellent visibility in a busy commercial setting. Its configuration is designed for efficient customer flow across the four-bay layout, supported by the additional vacuum locations on-site.
For an owner-operator or an investor, the property provides a turn-key combination of automated and manual wash capability plus vacuum services. The asset generated $131,367 in 2025 net income and is being offered with a stated 13% cap rate. With an established operating base and recognizable car wash operations, it may fit buyers looking for an automotive-focused business asset with documented income history and straightforward service infrastructure.
Key Highlights
- 1992‑built, well‑maintained four‑bay car wash in Ottumwa’s high‑traffic retail and restaurant corridor
- 4 service bays: 2 manual bays and 2 automatic bays for multiple customer options
- Includes 4 vacuum stations plus an on‑site office
Local Financial Insights For Specialty Retail
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 | $61.4k | $15.00 |
| − Vacancy | −$4.6k | −$1.13 |
| EGI | $56.8k | $13.88 |
| − OpEx | −$14.2k | −$3.47 |
| NOI | $42.6k | $10.41 |
4,092 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$608.3K
$532.3K – $709.7K
NOI $42,582 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$405.3K
$354.7K – $472.9K
NOI $28,373 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$895.1K
$783.2K – $1.04M
NOI $62,657 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self service car ...
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FAQs
What type of property is this?
Self service car wash - Well-maintained four-bay car wash with manual and automatic service options, vacuum stations, and an on-site office.
Where is this self service car wash located?
The property is located at 1108 North Quincy Avenue Ottumwa, IA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1992‑built, well‑maintained four‑bay car wash in Ottumwa’s high‑traffic retail and restaurant corridor; 4 service bays: 2 manual bays and 2 automatic bays for multiple customer options; Includes 4 vacuum stations plus an on‑site office
