Tunnel Car Wash
For Sale
Contact for pricing
12425 Dorsett Rd, Maryland Heights, MO 63043
Renovated 4,680 SF tunnel car wash building on 0.75 acres with convenient access to major highways.
Property Size4,680 SF
Lot Size0.75 Acres
Price / SF$130.34
Days on Market555
Property Features for 12425 Dorsett Rd
General Information
Standard status
Active
Size
4,680 SF
Lot size
0.75 Acres
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2017
Listing Agency:
Intelica CRE
(314) 270-5991
Listed By:
Brendan O'Brien
(314) 744-8994
Source:
Moodyscre
Added: Mar 7, 2025
Changed: Aug 13
Last Checked: Sep 12 at 9:07AM
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 Intelica CRE
Investment Insights
Based on property information with market context.
This sale includes a 4,680 SF car wash building situated on 0.75 acres. The property was renovated and converted to a tunnel wash in 2017, and it was previously described as cash-flow positive.
Access is convenient to major highways, and the site benefits from a high traffic count on Dorsett.
The improvements and configuration support a tunnel wash operation, making the facility suitable for an operator looking for a purpose-built car wash building.
Access is convenient to major highways, and the site benefits from a high traffic count on Dorsett.
The improvements and configuration support a tunnel wash operation, making the facility suitable for an operator looking for a purpose-built car wash building.
Key Highlights
- 4,680 SF tunnel car wash building on 0.75 acres
- Renovated and converted to a tunnel wash in 2017
- Previously cash‑flow positive
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
$20,112
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
3.30%
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%
$402,240
$402.2K
Cap Rate 7%
$287,314
$287.3K
Cap Rate 9%
$223,467
$223.5K
Market Conditions
NOI Build-Up for 4,680 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
$28.1K $6.00/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$26.8K $5.73/SF
− OpEx
−$6.7K −$1.43/SF
NOI
$20.1K $4.30/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$6.00 /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%
$402,240
Cap Rate 7%
$287,314
Cap Rate 9%
$223,467
Alternative Uses
Best Use
Retail
$899.4K
$787.0K – $1.05M
NOI $62,957 @ 7.0% cap · market cap 10.32%
Second Best
Specialty Retail
$287.3K
$251.4K – $335.2K
NOI $20,112 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.00M
$878.9K – $1.17M
NOI $70,309 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Home Improvements & Furnishings 23%
Groceries 15%
Beauty & Spa 5%
McDonald's
Dining
27,961 visits/mo
0.3 miles
Westlake Ace Hardware
Home Improvements & Furnishings
18,001 visits/mo
0.3 miles
Aldi
Groceries
11,303 visits/mo
0.3 miles
Smoothie King
Dining
6,268 visits/mo
0.3 miles
Jersey Mike's Subs
Dining
3,950 visits/mo
0.3 miles
Demographics for 63043, MO
22,362
Population
9,616
Households
2.3
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
12.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$91,050
Median Household Income
$57,878
Median Earnings
$1,175
Median Rent
$215,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Renovated 4,680 SF tunnel car wash building on 0.75 acres with convenient access to major highways.
Where is this car wash located?
The property is located at 12425 Dorsett Rd Maryland Heights, MO.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 4,680 SF tunnel car wash building on 0.75 acres; Renovated and converted to a tunnel wash in 2017; Previously cash‑flow positive
