Automated Self-Service Car
For Sale
Contact for pricing
2812 Douglas Rd, Toledo, OH 43606
Automatic wash with touch-free and soft cloth options plus five self-service bays with hot water and soap.
Property Size3,160 SF
Price / SF$118.67
Days on Market602
Property Features for 2812 Douglas Rd
General Information
Standard status
Active
Size
3,160 SF
Property subtype
RETAIL
Additional Details
Service Bays
5
Amenities
vacuums
carpet shampooer
air freshener
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Brent Patterson · License #0000399625
Source:
Moodyscre
Added: Dec 27, 2024
Changed: Aug 14
Last Checked: Aug 21 at 5:06AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This car wash features an automatic wash system with a choice of touch-free service, soft cloth, or a combination of both. The site also includes five high-pressure self-service bays, supported by abundant hot water and soap.
On-site amenities extend beyond the bays, with vacuums, a carpet shampooer, and an air freshener. There are also available car care products for use or purchase.
The property is offered for sale as an operating car wash location built around both automated washing and self-service options.
On-site amenities extend beyond the bays, with vacuums, a carpet shampooer, and an air freshener. There are also available car care products for use or purchase.
The property is offered for sale as an operating car wash location built around both automated washing and self-service options.
Key Highlights
- Automatic wash with a choice of touch‑free, soft cloth, or a combination wash option
- Includes 5 high‑pressure self‑service bays
- Self‑service bays have abundant hot water and soap
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
$24,060
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
6.42%
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%
$481,200
$481.2K
Cap Rate 7%
$343,714
$343.7K
Cap Rate 9%
$267,333
$267.3K
Market Conditions
NOI Build-Up for 3,160 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
$34.1K $10.80/SF
− Vacancy
−$2.0K −$0.65/SF
EGI
$32.1K $10.15/SF
− OpEx
−$8.0K −$2.54/SF
NOI
$24.1K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /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%
$481,200
Cap Rate 7%
$343,714
Cap Rate 9%
$267,333
Alternative Uses
Best Use
Specialty Retail
$343.7K
$300.8K – $401.0K
NOI $24,060 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$294.3K
$257.5K – $343.4K
NOI $20,602 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$525.9K
$460.2K – $613.6K
NOI $36,813 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
Dunkin' Donuts
Dining
17,449 visits/mo
0.3 miles
SUBWAY
Dining
5,138 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,485 visits/mo
0.4 miles
Marco's Pizza
Dining
1,954 visits/mo
0.3 miles
Tireman
Shops & Services
464 visits/mo
0.3 miles
Demographics for 43606, OH
25,671
Population
11,700
Households
2.2
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,949
Density / Sq Mi
$60,308
Median Household Income
$32,997
Median Earnings
$938
Median Rent
$165,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Automatic wash with touch-free and soft cloth options plus five self-service bays with hot water and soap.
Where is this car wash located?
The property is located at 2812 Douglas Rd Toledo, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Automatic wash with a choice of touch‑free, soft cloth, or a combination wash option; Includes 5 high‑pressure self‑service bays; Self‑service bays have abundant hot water and soap
