Building Details

Building Size 1,968 SF

Year Built 1989

Listing Agency: Ecs Realty

Listed By: Chuck Valosen · License #90309 Show Phone

Source: Intownpartners

Added: Aug 15, 2025 Changed: Oct 27 Last Checked: Oct 27 at 3:37AM

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Investment Insights

Based on property information with market context.

This 1,968-square-foot self-service car wash, built in 1989, occupies approximately 0.97 acres and has five wash bays. The site also includes five vacuums, a tire-air machine, an equipment room, and five drop-shelf vendors. Payment equipment accepts cards and coins; other listed equipment includes spot-free, air-compressor, water-softening, chemical-distribution, and chemical-holding systems.

The property is next to a Circle K. It holds a permit from ADEm to use septic for the car wash. The current owner is willing to provide six weeks of training to a new owner.

Key Highlights

• Five self‑service wash bays on approximately 0.97 acres
• 1,968‑square‑foot property built in 1989
• Five vacuums, tire‑air machine, equipment room, and five drop‑shelf vendors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,489

Cap Rate

6.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,780 $549.8K

Cap Rate 7%

$392,700 $392.7K

Cap Rate 9%

$305,433 $305.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,968 SF

Gross rent

$37.8K $19.20/SF

− Vacancy

−$1.1K −$0.58/SF

EGI

$36.7K $18.62/SF

− OpEx

−$9.2K −$4.66/SF

NOI

$27.5K $13.97/SF

Area

Madison County, AL

Vacancy

3.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,780

Cap Rate 7%

$392,700

Cap Rate 9%

$305,433

Alternative Uses

Best Use

Specialty Retail

$392.7K

$343.6K – $458.2K (±1% cap)

NOI $27,489 @ 7.0% cap · market cap 6.11%

Second Best

Retail

$343.6K

$300.7K – $400.9K (±1% cap)

NOI $24,053 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$512.5K

$448.4K – $597.9K (±1% cap)

NOI $35,873 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto Pride Car ... Car Wash Auto Pride Car ... Car Wash

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

47k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 76% Dining 24%

Circle K Shops & Services

11,401 visits/mo 0.1 miles

Jack's Family Restaurants Dining

11,190 visits/mo 0.1 miles

Redstone Federal Credit Union Shops & Services

10,204 visits/mo 0.2 miles

Dollar General Shops & Services

6,004 visits/mo 0.3 miles

Regions Bank Shops & Services

3,933 visits/mo 0.5 miles

Demographics for 35759, AL

9,894

Population

4,785

Households

2.1

Avg Household Size

39

Median Age

40%

College-Educated

90%

High-School Grad

18.5 sq mi

ZIP Area

535

Density / Sq Mi

$98,374

Median Household Income

$58,858

Median Earnings

$1,242

Median Rent

$272,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Self service car wash - Card-and-coin payment equipment is paired with on-site vacuums and a tire-air machine.

Where is this self service car wash located?

The property is located at 134 Patterson Lane Meridianville, AL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Five self‑service wash bays on approximately 0.97 acres; 1,968‑square‑foot property built in 1989; Five vacuums, tire‑air machine, equipment room, and five drop‑shelf vendors