Building Details

Year built 2006

Listing Agency: Mountain Valley Realty, Inc. Show Phone

Listed By: Victoria Murphy Show Phone

Added: Apr 6, 2025 Changed: Aug 4 Last Checked: Aug 23 at 6:06AM

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MLS# 31722193

Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,748-square-foot car wash property was built in 2006 and occupies 0.82 acres. The facility includes one touch-free auto bay, two interior manual bays, and one exterior manual bay suited to larger vehicles and equipment. A vacuum area is also part of the operation.

The property is situated in downtown Westfield at 121 River Road, next to a gas station and convenience store. Its configuration combines automated and self-service washing options within a compact commercial site.

Key Highlights

• 1,748‑square‑foot car wash on 0.82 acres
• Built in 2006
• One touch‑free auto 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

$14,362

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

7.22%

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%

$287,240 $287.2K

Cap Rate 7%

$205,171 $205.2K

Cap Rate 9%

$159,578 $159.6K

Market Conditions

NOI Build-Up for 1,748 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

$21.4K $12.24/SF

− Vacancy

−$2.2K −$1.29/SF

EGI

$19.1K $10.95/SF

− OpEx

−$4.8K −$2.74/SF

NOI

$14.4K $8.22/SF

Area

Tioga County, PA

Vacancy

10.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

25.00%

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%

$287,240

Cap Rate 7%

$205,171

Cap Rate 9%

$159,578

Alternative Uses

Best Use

Specialty Retail

$205.2K

$179.5K – $239.4K (±1% cap)

NOI $14,362 @ 7.0% cap · market cap 7.22%

Second Best

Industrial

$145.7K

$127.5K – $170.0K (±1% cap)

NOI $10,199 @ 7.0% cap · market cap 5.13%

Theoretical Best

Healthcare Medical

$297.8K

$260.6K – $347.4K (±1% cap)

NOI $20,844 @ 7.0% cap · market cap 10.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Self service car ...

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Groceries 11%

Kwik Fill Shops & Services

7,418 visits/mo 0.1 miles

Dollar General Shops & Services

6,195 visits/mo 0.2 miles

Fine Wine & Good Spirits Groceries

1,936 visits/mo 0.4 miles

Napa Auto Parts Shops & Services

1,333 visits/mo 0.4 miles

Demographics for 16950, PA

3,463

Population

1,959

Households

1.8

Avg Household Size

48

Median Age

12%

College-Educated

87%

High-School Grad

116.1 sq mi

ZIP Area

30

Density / Sq Mi

$52,440

Median Household Income

$33,542

Median Earnings

$653

Median Rent

$121,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this car washes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Car wash - Includes touch-free service and manual wash bays for varied vehicle sizes.

Where is this car wash located?

The property is located at 121 River Road Westfield, PA.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: 1,748‑square‑foot car wash on 0.82 acres; Built in 2006; One touch‑free auto bay