Five-Bay Car Wash
For Sale
$650,000
1424 Doron Dr Unit 4, Chambersburg, PA 17202
Includes three self-serve bays, a larger bay for larger vehicles, an automatic bay, and two vacuum stations.
Property Size3,064 SF
Price / SF$212.14
Days on Market42
Property Features for 1424 Doron Dr Unit 4
General Information
Standard status
Active
Size
3,064 SF
Building Details
Year Built
1995
Listing Agency:
Kandor Real Estate
(717) 762-8100
Listed By:
Darwyn W. Benedict · License #AB069060
Source:
Kandorre
Added: Jul 20
Changed: Aug 10
Last Checked: Aug 29 at 12:28PM
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 Kandor Real Estate
Investment Insights
Based on property information with market context.
This car wash facility is configured with five bays total, including three self-serve bays for cars, trucks, and SUVs, plus one larger bay designed for tractor trailers and RVs. The package also includes an automatic car wash bay and two vacuum stations, providing multiple service options within the same operation.
The property is located in the Scotland 997 Business Park at 1424 Doron Dr Unit 4 in Chambersburg, PA. Public remarks indicate access to services is available 24 hours a day, 7 days a week.
A new lease-purchase option is noted as available. The offering is presented as a turnkey-style opportunity centered on operating ownership of a five-bay car wash setup with both self-serve and automatic services.
The property is located in the Scotland 997 Business Park at 1424 Doron Dr Unit 4 in Chambersburg, PA. Public remarks indicate access to services is available 24 hours a day, 7 days a week.
A new lease-purchase option is noted as available. The offering is presented as a turnkey-style opportunity centered on operating ownership of a five-bay car wash setup with both self-serve and automatic services.
Key Highlights
- 5‑bay car wash in Scotland 997 Business Park with lease‑purchase option available
- Includes 3 self‑serve bays for cars, trucks, and SUVs
- Includes 1 larger bay for tractor trailers and RVs
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
$41,336
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
6.36%
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%
$826,720
$826.7K
Cap Rate 7%
$590,514
$590.5K
Cap Rate 9%
$459,289
$459.3K
Market Conditions
NOI Build-Up for 3,064 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
$61.4K $20.04/SF
− Vacancy
−$6.3K −$2.05/SF
EGI
$55.1K $17.99/SF
− OpEx
−$13.8K −$4.50/SF
NOI
$41.3K $13.49/SF
Area
Franklin County, PA
Vacancy
10.24%
Lease Rate
$20.04 /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%
$826,720
Cap Rate 7%
$590,514
Cap Rate 9%
$459,289
Alternative Uses
Best Use
Specialty Retail
$590.5K
$516.7K – $688.9K
NOI $41,336 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$411.3K
$359.9K – $479.9K
NOI $28,794 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$742.9K
$650.1K – $866.8K
NOI $52,005 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Apparel 33%
Shops & Services 10%
Hotels & Casinos 5%
McDonald's
Dining
28,181 visits/mo
0.4 miles
Sportsman's Warehouse
Apparel
17,516 visits/mo
0.5 miles
Sunoco
Shops & Services
5,497 visits/mo
0.2 miles
Quality Inn & Suites
Hotels & Casinos
1,051 visits/mo
0.1 miles
Comfort Inn
Hotels & Casinos
857 visits/mo
0.2 miles
Demographics for 17202, PA
30,805
Population
12,925
Households
2.4
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
261
Density / Sq Mi
$94,366
Median Household Income
$49,471
Median Earnings
$1,094
Median Rent
$257,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Includes three self-serve bays, a larger bay for larger vehicles, an automatic bay, and two vacuum stations.
Where is this self service car wash located?
The property is located at 1424 Doron Dr Unit 4 Chambersburg, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5‑bay car wash in Scotland 997 Business Park with lease‑purchase option available; Includes 3 self‑serve bays for cars, trucks, and SUVs; Includes 1 larger bay for tractor trailers and RVs
