High Traffic Car Wash For
For Sale
Contact for pricing
8062 Orange Centre Dr, Lewis Center, OH 43035
Car wash with detailing area on 1.681-acre lot.
Property Size14,028 SF
Lot Size1.68 Acres
Price / SF$184.12
Days on Market486
Property Features for 8062 Orange Centre Dr
General Information
Standard status
Active
Size
14,028 SF
Class
C
Lot size
1.68 Acres
Property subtype
Business for Sale, Retail
Zoning
Commercial
Occupancy
100%
Building Details
Year Built
1990
Buildings
1
Stories
1
Units
1
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Randy Best · License #311236
Source:
Crexi
Added: Apr 14, 2025
Changed: Aug 8
Last Checked: Aug 11 at 10:13AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This property features a full-service car wash with a separate detailing area. The building has approximately 14,028 square feet of space and is situated on a lot of approximately 1.681 acres. It is located in a high-traffic area of Lewis Center and presents an investment and redevelopment opportunity. There is potential for a lease back for half of the building. The Ninja Express business and real estate are for sale; the Eclipse Detailing business and its equipment are not included in the sale, as they lease space within the property.
Key Highlights
- High traffic ninja xpress car wash
- Excellent investment and redevelopment location
- +/- 14,028 square feet of building on +/- 1.681 acre lot
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
$162,990
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
6.31%
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%
$3,259,800
$3.3M
Cap Rate 7%
$2,328,429
$2.3M
Cap Rate 9%
$1,811,000
$1.8M
Market Conditions
NOI Build-Up for 14,028 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
$306.4K $21.84/SF
− Vacancy
−$73.5K −$5.24/SF
EGI
$232.8K $16.60/SF
− OpEx
−$69.9K −$4.98/SF
NOI
$163.0K $11.62/SF
Area
Delaware County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$3,259,800
Cap Rate 7%
$2,328,429
Cap Rate 9%
$1,811,000
Alternative Uses
Best Use
Industrial
$2.33M
$2.04M – $2.72M
NOI $162,990 @ 7.0% cap · market cap 6.31%
Second Best
Specialty Retail
$834.7K
$730.4K – $973.9K
NOI $58,431 @ 7.0% cap · market cap 2.26%
Theoretical Best
Warehouse
$2.83M
$2.47M – $3.30M
NOI $197,916 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
214k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Superstores 18%
Groceries 18%
Home Improvements & Furnishings 15%
BJ's Wholesale Club
Superstores
38,371 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
32,970 visits/mo
0.5 miles
Sheetz
Shops & Services
30,075 visits/mo
0.2 miles
Aldi
Groceries
23,644 visits/mo
0.1 miles
Wendy's
Dining
19,817 visits/mo
0.5 miles
Demographics for 43035, OH
33,032
Population
12,595
Households
2.6
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,685
Density / Sq Mi
$148,446
Median Household Income
$72,809
Median Earnings
$1,580
Median Rent
$423,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash with detailing area on 1.681-acre lot.
Where is this car wash located?
The property is located at 8062 Orange Centre Dr Lewis Center, OH.
What is the asking price?
The asking price for this property is $2,582,835.
What are key features of this property?
This property features: High traffic ninja xpress car wash; Excellent investment and redevelopment location; +/- 14,028 square feet of building on +/- 1.681 acre lot
