Self-Service Car
For Sale
Contact for pricing
11870 Bellaire Road, Cleveland, OH 44135
Existing self-service wash facility with a documented 1989 construction date.
Property Size2,992 SF
Price / SF$284.09
Days on Market164
Property Features for 11870 Bellaire Road
General Information
Standard status
Active
Size
2,992 SF
Property subtype
Retail, Special Purpose
Building Details
Year Built
1989
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
David R. Stover · License #OH SAL.0000368792
Source:
Crexi
Added: May 6
Changed: Oct 11
Last Checked: Oct 14 at 10:06PM
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 Hanna Commercial Real Estate Cleveland
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Investment Insights
Based on property information with market context.
This self-service car wash property includes 2,992 square feet of improvements and was constructed in 1989. The facility is located at 11870 Bellaire Road in Cleveland, Ohio, within ZIP Code 44135.
Key Highlights
- Self‑service car wash facility
- 2,992 square feet of property improvements
- Constructed in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,565
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,300
$751.3K
Cap Rate 7%
$536,643
$536.6K
Cap Rate 9%
$417,389
$417.4K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$53.9K $18.00/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$50.1K $16.74/SF
− OpEx
−$12.5K −$4.19/SF
NOI
$37.6K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,300
Cap Rate 7%
$536,643
Cap Rate 9%
$417,389
Alternative Uses
Best Use
Specialty Retail
$536.6K
$469.6K – $626.1K
NOI $37,565 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$410.7K
$359.3K – $479.1K
NOI $28,746 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$730.1K
$638.9K – $851.8K
NOI $51,110 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 44135, OH
26,684
Population
12,035
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
10.2 sq mi
ZIP Area
2,616
Density / Sq Mi
$48,930
Median Household Income
$36,444
Median Earnings
$935
Median Rent
$119,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Self service car wash - Existing self-service wash facility with a documented 1989 construction date.
Where is this self service car wash located?
The property is located at 11870 Bellaire Road Cleveland, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Self‑service car wash facility; 2,992 square feet of property improvements; Constructed in 1989
