Operating Car Wash Investment
1408 1 Street Cedar Falls, IA 50613
For Sale
$895,000
Car wash for sale, prime location, investment opportunity.
Property Size4,340 SF
Lot Size0.38 Acres
Price / SF$206.22
Days on Market677
Property Features for 1408 1 Street
General Information
Standard status
Active
Size
4,340 SF
Lot size
0.38 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2002
Listing Agency:
Oakridge Real Estate
(319) 404-8899
Listed By:
Brad Page,CRS,GRI,ABR-M · License #B35173
(319) 404-8899
Source:
Exitrealty
Added: Sep 20, 2024
Changed: Jul 6
Last Checked: Jul 28 at 7:52AM
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 Oakridge Real Estate
Investment Insights
Based on property information with market context.
This property presents an investment opportunity as an existing operating car wash. Alternatively, the site could be redeveloped. The property is 4340 square feet and is suitable for car washes, automotive properties, retail spaces, and general commercial real estate.
Key Highlights
- Prime location
- Existing operating car wash
- Investment opportunity
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 | $67.2k | $15.48 |
| − Vacancy | −$5.7k | −$1.31 |
| EGI | $61.5k | $14.17 |
| − OpEx | −$15.4k | −$3.54 |
| NOI | $46.1k | $10.63 |
4,340 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Industrial
$3.61M
$3.16M – $4.22M
NOI $252,995 @ 7.0% cap · market cap 28.27%
Second Best
Specialty Retail
$659.1K
$576.7K – $768.9K
NOI $46,135 @ 7.0% cap · market cap 5.15%
Theoretical Best
Mixed Use
$5.44M
$4.76M – $6.35M
NOI $380,835 @ 7.0% cap · market cap 42.55%
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 for sale, prime location, investment opportunity.
Where is this car wash located?
The property is located at 1408 1 Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location; Existing operating car wash; Investment opportunity
