Elkton Carwash For
For Sale
$299,000
117 S East Side Hwy, Elkton, VA 22827
Carwash with great location and visibility near US 33 East.
Property Size2,283 SF
Price / SF$130.97
Days on Market378
Property Features for 117 S East Side Hwy
General Information
Standard status
Active
Size
2,283 SF
Property subtype
Retail
Building Details
Building Size
2,283 SF
Year Built
2007
Listing Agency:
Cottonwood Commercial, LLC.
Listed By:
Jason Song · License #0225194315
(540) 383-6692
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 1
Last Checked: Oct 5 at 4:43PM
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 Cottonwood Commercial, LLC.
Investment Insights
Based on property information with market context.
The property is a carwash located in Elkton, Virginia, offering high visibility and a convenient location approximately 0.1 mile from US 33 East. The carwash features one touch-free automatic wash bay, two self-service wash bays, and two vacuum stations. The sale includes the land and building. The current business operator has been leasing and operating the carwash since 2007.
Key Highlights
- Excellent location with HIGH VISIBILITY, just 0.1 mile from US 33 East.
- Includes land and building.
- Features ONE TOUCH‑FREE AUTOMATIC wash bay.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,508
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,160
$530.2K
Cap Rate 7%
$378,686
$378.7K
Cap Rate 9%
$294,533
$294.5K
Market Conditions
NOI Build-Up for 2,283 SF
Gross rent
$36.4K $15.96/SF
− Vacancy
−$1.1K −$0.48/SF
EGI
$35.3K $15.48/SF
− OpEx
−$8.8K −$3.87/SF
NOI
$26.5K $11.61/SF
Area
Rockingham County, VA
Vacancy
3.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,160
Cap Rate 7%
$378,686
Cap Rate 9%
$294,533
Alternative Uses
Best Use
Retail
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 9.85%
Second Best
Specialty Retail
$378.7K
$331.4K – $441.8K
NOI $26,508 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$688.0K
$602.0K – $802.7K
NOI $48,162 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 44%
Home Improvements & Furnishings 7%
Apparel 1%
McDonald's
Dining
24,206 visits/mo
0.3 miles
Family Dollar
Shops & Services
10,891 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,021 visits/mo
0.3 miles
Exxon
Shops & Services
5,121 visits/mo
0.2 miles
Dean Home Center Inc
Home Improvements & Furnishings
4,083 visits/mo
0.2 miles
Demographics for 22827, VA
10,769
Population
4,671
Households
2.3
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
158.8 sq mi
ZIP Area
68
Density / Sq Mi
$67,425
Median Household Income
$41,346
Median Earnings
$850
Median Rent
$237,900
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Carwash with great location and visibility near US 33 East.
Where is this car wash located?
The property is located at 117 S East Side Hwy Elkton, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Excellent location with HIGH VISIBILITY, just 0.1 mile from US 33 East.; Includes land and building.; Features ONE TOUCH‑FREE AUTOMATIC wash bay.
