Car Wash and
1291 Lake Washington Rd Melbourne, FL
For Sale
Contact for pricing
Car wash, showroom, and warehouse property for sale.
Property Size13,704 SF
Lot Size1.88 Acres
Price / SF$164.19
Days on Market496
Property Features for 1291 Lake Washington Rd
General Information
Standard status
Active
Size
13,704 SF
Lot size
1.88 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Ullian Realty Corporation
(321) 258-7556
Listed By:
Zachary Ullian
(321) 750-3439
Source:
Moodyscre
Added: Mar 22, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:46AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This property features a 3,704 square foot car wash constructed in 2006 with concrete block. The car wash includes 7 bays and 8 vacuum stations, and has not been operated since 2020. Additionally, there is a showroom/office space estimated at 3,500 square feet, accompanied by a 6,500 square foot warehouse, totaling 10,000 square feet. The showroom/office area comprises 4 offices, a conference room, a break room, and 3 restrooms, benefiting from ample natural light through numerous windows. The warehouse offers an estimated clear height ranging from 13 feet 6 inches to 15 feet 6 inches, and is equipped with three grade-level doors, each approximately 12 feet wide and 14 feet tall. The current tenant, M&M Carpet & Tile, will lease-back the property at closing. The property includes a total of 29 paved and striped parking spaces. Utilities include sewer, with separate metering for FPL electric and city water. The property has an estimated 414 feet of frontage on Lake Washington and 206 feet of frontage on Avocado Avenue. The traffic count is estimated at 14,700 vehicles per day on Lake Washington Road. The property is suitable for automotive, retail, showroom, warehouse, and industrial purposes.
Key Highlights
- 10,000 SF Showroom/Office + Warehouse Space
- M&M Carpet & Tile Will Lease‑Back at Closing
- High Traffic Count: Est. 14,700 VPD on Lake Washington Road
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 | $263.1k | $19.20 |
| − Vacancy | −$19.7k | −$1.44 |
| EGI | $243.4k | $17.76 |
| − OpEx | −$60.8k | −$4.44 |
| NOI | $182.5k | $13.32 |
13,704 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,537 @ 7.0% cap · market cap 8.11%
Second Best
Retail
$2.26M
$1.97M – $2.63M
NOI $157,993 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$3.62M
$3.16M – $4.22M
NOI $253,085 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Car wash, showroom, and warehouse property for sale.
Where is this car wash located?
The property is located at 1291 Lake Washington Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10,000 SF Showroom/Office + Warehouse Space; M&M Carpet & Tile Will Lease‑Back at Closing; High Traffic Count: Est. 14,700 VPD on Lake Washington Road
