Car Wash with Multiple
For Sale
$780,000
126 Shoppers Drive, Winchester, KY 40391
COMMERCIAL - Winchester, KY
Property Size3,080 SF
Lot Size0.79 Acres
Price / SF$253.25
Days on Market406
Property Features for 126 Shoppers Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-4
Subdivision
Commercial
Directions
126 Shoppers Drive Winchester
Standard status
Active
APN
042-2003-001-01
Size
3,080 SF
Lot size
0.79 Acres
Building Details
Year built
1997
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Dallas Hodge · License #248687
(859) 319-2576
Added: Jul 18, 2025
Changed: Aug 4
Last Checked: Aug 27 at 8:06AM
MLS# 25015685
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale car wash property is configured with three drive-in bays and one automatic wash. Included in the sale is a separate oil change business that occupies two bays, providing an additional established service component within the same overall facility.
The property is located at 126 Shoppers Drive in Winchester, Kentucky. The site sits on approximately 0.79 acres.
With a total building size of about 3,080 square feet, the layout supports both wash and oil change operations under one ownership.
The property is located at 126 Shoppers Drive in Winchester, Kentucky. The site sits on approximately 0.79 acres.
With a total building size of about 3,080 square feet, the layout supports both wash and oil change operations under one ownership.
Key Highlights
- Car wash built in 1997
- Includes 3 drive‑in bays and 1 automatic wash
- Sale includes an oil change business occupying 2 bays
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
$35,850
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
4.60%
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%
$717,000
$717.0K
Cap Rate 7%
$512,143
$512.1K
Cap Rate 9%
$398,333
$398.3K
Market Conditions
NOI Build-Up for 3,080 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
$50.6K $16.44/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$47.8K $15.52/SF
− OpEx
−$11.9K −$3.88/SF
NOI
$35.8K $11.64/SF
Area
Clark County, KY
Vacancy
5.60%
Lease Rate
$16.44 /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%
$717,000
Cap Rate 7%
$512,143
Cap Rate 9%
$398,333
Alternative Uses
Best Use
Specialty Retail
$512.1K
$448.1K – $597.5K
NOI $35,850 @ 7.0% cap · market cap 4.60%
Second Best
Retail
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,642 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash facility features three drive-in bays plus an automatic wash, with an included two-bay oil change operation.
Where is this car wash located?
The property is located at 126 Shoppers Drive Winchester, KY.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Car wash built in 1997; Includes 3 drive‑in bays and 1 automatic wash; Sale includes an oil change business occupying 2 bays
