Profitable Car Wash Business
For Sale
$999,000
Pending
912 Old Liverpool Rd, Salina, NY 13088
Car wash with tunnel, self-serve bays, and detail bay.
Property Size4,820 SF
Lot Size0.44 Acres
Days on Market261
Property Features for 912 Old Liverpool Rd
General Information
Standard status
Pending
Size
4,820 SF
Lot size
0.44 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,812
Building Details
Building Size
4,820 SF
Year Built
1996
Stories
1
Listing Agency:
(315) 457-3356
Listed By:
Simon Grieb
(315) 457-3356
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:04PM
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 Simon Grieb
Investment Insights
Based on property information with market context.
This property presents an opportunity to invest in the car wash business. The property features a 75' exterior tunnel with in-bay automatic, three 24-hour self-serve bays and vacuums, a 30x30 heated detail bay, and office space. All equipment was installed in 2015. A new radiant floor heat system and concrete were replaced in 2022. The property is located in Salina, NY.
Key Highlights
- Turnkey car wash business opportunity with potential for owner‑operator model.
- Features a 75' exterior tunnel with in‑bay automatic car wash.
- Includes (3) 24‑hour self‑serve bays and vacuums for additional revenue streams.
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
$58,181
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
5.82%
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%
$1,163,620
$1.2M
Cap Rate 7%
$831,157
$831.2K
Cap Rate 9%
$646,456
$646.5K
Market Conditions
NOI Build-Up for 4,820 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
$86.8K $18.00/SF
− Vacancy
−$3.6K −$0.76/SF
EGI
$83.1K $17.24/SF
− OpEx
−$24.9K −$5.17/SF
NOI
$58.2K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,163,620
Cap Rate 7%
$831,157
Cap Rate 9%
$646,456
Alternative Uses
Best Use
Retail
$831.2K
$727.3K – $969.7K
NOI $58,181 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$309.2K
$270.5K – $360.7K
NOI $21,643 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$837.7K
$733.0K – $977.3K
NOI $58,636 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Hotels & Casinos 21%
Dining 21%
Electronics 8%
Valvoline Instant Oil Change
Shops & Services
2,627 visits/mo
0.3 miles
Jreck Subs
Dining
2,535 visits/mo
0.1 miles
Staybridge Suites Syracuse (Liverpool)
Hotels & Casinos
2,082 visits/mo
0.5 miles
Firestone Complete Auto Care
Shops & Services
1,915 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
1,146 visits/mo
0.4 miles
Demographics for 13088, NY
22,331
Population
11,242
Households
2
Avg Household Size
43
Median Age
35%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,690
Density / Sq Mi
$73,814
Median Household Income
$46,985
Median Earnings
$1,104
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash with tunnel, self-serve bays, and detail bay.
Where is this car wash located?
The property is located at 912 Old Liverpool Rd Salina, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Turnkey car wash business opportunity with potential for owner‑operator model.; Features a **75' exterior tunnel with in‑bay automatic car wash.**; Includes (3) 24‑hour self‑serve bays and vacuums for additional revenue streams.
