Car Wash with Automatic and Self-Serve
For Sale
$495,000
1240 E COUNTRYHILLS DR, Ogden, UT 84403
Includes one automatic bay and four self-serve bays, each with credit card readers.
Property Size1,987 SF
Days on Market148
Property Features for 1240 E COUNTRYHILLS DR
General Information
Standard status
Active
Size
1,987 SF
Property subtype
Industrial
Building Details
Building Size
1,987 SF
Year Built
1987
Listing Agency:
Golden Spike Realty - North
Listed By:
Toby Mileski
(801) 786-2121
Source:
Liftrealty
Added: Apr 12
Changed: Sep 5
Last Checked: Sep 5 at 7:11AM
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 Golden Spike Realty - North
Investment Insights
Based on property information with market context.
This car wash features one automatic bay plus four self-serve bays. Each bay is equipped with credit card readers, supporting convenient payment at the point of use.
The property is just south of Weber State University and east of Harrison Bl., with easy access to Country Hills Dr (42nd St.) and Harrison.
Overall, the layout provides a mix of automated and self-serve operations within a compact car-wash configuration.
The property is just south of Weber State University and east of Harrison Bl., with easy access to Country Hills Dr (42nd St.) and Harrison.
Overall, the layout provides a mix of automated and self-serve operations within a compact car-wash configuration.
Key Highlights
- Car wash built in 1987
- One automatic bay plus four self‑serve bays
- Credit card readers in each 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
$26,943
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
5.44%
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%
$538,860
$538.9K
Cap Rate 7%
$384,900
$384.9K
Cap Rate 9%
$299,367
$299.4K
Market Conditions
NOI Build-Up for 1,987 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
$38.6K $19.44/SF
− Vacancy
−$2.7K −$1.36/SF
EGI
$35.9K $18.08/SF
− OpEx
−$9.0K −$4.52/SF
NOI
$26.9K $13.56/SF
Area
Weber County, UT
Vacancy
7.00%
Lease Rate
$19.44 /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%
$538,860
Cap Rate 7%
$384,900
Cap Rate 9%
$299,367
Alternative Uses
Best Use
Specialty Retail
$384.9K
$336.8K – $449.1K
NOI $26,943 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$367.0K
$321.1K – $428.1K
NOI $25,687 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$458.3K
$401.0K – $534.7K
NOI $32,080 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,615
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 28%
Shops & Services 25%
Home Improvements & Furnishings 6%
Smith's
Groceries
54,731 visits/mo
0.1 miles
Smith's Fuel Center
Shops & Services
14,438 visits/mo
0.1 miles
Taco Bell
Dining
9,962 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,124 visits/mo
0.1 miles
Jay's Ace Hardware
Home Improvements & Furnishings
8,742 visits/mo
0.2 miles
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Includes one automatic bay and four self-serve bays, each with credit card readers.
Where is this car wash located?
The property is located at 1240 E COUNTRYHILLS DR Ogden, UT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Car wash built in 1987; One automatic bay plus four self‑serve bays; Credit card readers in each bay
