Operating Car Wash
For Sale
Contact for pricing
12425 SW Canyon Rd, Beaverton, OR 97005
Improved site currently operating as a car wash, with the operator set to vacate at closing.
Property Size3,147 SF
Price / SF$381.32
Days on Market210
Property Features for 12425 SW Canyon Rd
General Information
Standard status
Active
Size
3,147 SF
Property subtype
Retail, Special Purpose
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Commercial Real Estate NW
Listed By:
Denise Brohoski · License #OR 200508190
(503) 309-5106
Source:
Crexi
Added: Feb 9
Changed: Aug 25
Last Checked: Sep 4 at 5:07AM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
12425 SW Canyon Rd is an improved commercial property offered for sale as real estate only. The site is currently occupied by an operating car wash, providing an established commercial use in place. The current operator will vacate upon closing, creating an owner-user opportunity with existing improvements.
The property is located in a Beaverton setting with strong frontage along SW Canyon Road, supporting convenient visibility for an automotive-oriented business.
This offering is presented for purchase with long-term operational flexibility as the car wash use is already in operation on site. Buyers seeking an owner-user option can acquire the functional property and plan for their intended use after closing.
The property is located in a Beaverton setting with strong frontage along SW Canyon Road, supporting convenient visibility for an automotive-oriented business.
This offering is presented for purchase with long-term operational flexibility as the car wash use is already in operation on site. Buyers seeking an owner-user option can acquire the functional property and plan for their intended use after closing.
Key Highlights
- Improved commercial property for sale as real estate only
- Currently operating as a car wash, with the site occupied by an active business
- Current operator will vacate upon closing
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
$48,687
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
4.06%
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%
$973,740
$973.7K
Cap Rate 7%
$695,529
$695.5K
Cap Rate 9%
$540,967
$541.0K
Market Conditions
NOI Build-Up for 3,147 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
$68.0K $21.60/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$64.9K $20.63/SF
− OpEx
−$16.2K −$5.16/SF
NOI
$48.7K $15.47/SF
Area
Washington County, OR
Vacancy
4.50%
Lease Rate
$21.60 /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%
$973,740
Cap Rate 7%
$695,529
Cap Rate 9%
$540,967
Alternative Uses
Best Use
Specialty Retail
$695.5K
$608.6K – $811.5K
NOI $48,687 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$509.8K
$446.1K – $594.8K
NOI $35,687 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$849.5K
$743.3K – $991.0K
NOI $59,462 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 97005, OR
26,873
Population
12,130
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,269
Density / Sq Mi
$74,306
Median Household Income
$42,406
Median Earnings
$1,551
Median Rent
$476,000
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?
Self service car wash - Improved site currently operating as a car wash, with the operator set to vacate at closing.
Where is this self service car wash located?
The property is located at 12425 SW Canyon Rd Beaverton, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Improved commercial property for sale as real estate only; Currently operating as a car wash, with the site occupied by an active business; Current operator will vacate upon closing
