Self-Serve Car Wash For
1400 Airport Rd Waterford, MI 48328
For Sale
$650,000
OFF-MARKET OPPORTUNITY Self-Serve Car Wash | Prime Location Near Highland & Airport Rd Rare opportunity to acquire a 4-bay, coin-operated self-serve car wash located in a high-traffic area near Highland and Airport Road. This is a straightforward, cash-flowing asset with strong upside. Property Highlights: • 4 self-serve wash bays • 4 vacuum stations for added revenue • Excellent visibility and easy access • Simple, low-overhead operation Financials: • Gross Revenue: ~$120,000 annually • Estimated Net Income: ~$90,000–$100,000 Value-Add Opportunity: Significant upside by adding a touchless automatic car wash system, which can increase volume, raise ticket size, and drive additional revenue streams. Ideal for an owner-operator or investor looking for a stable asset with room to grow. Asking Price: $650,000 Serious inquiries only. Reach out for more details.
Property Size4,000 SF
Price / SF$162.50
Days on Market96
Property Features for 1400 Airport Rd
General Information
Standard status
Active
Property type
Car washes, Automotive properties
Size
4,000 SF
Sale Condition
1031 Exchange
Investment Type
Owner User
Net Operating Income
$120,000
Building Details
Units
4
Listing Agency:
(248) 756-3575
Listed By:
Alex
(248) 756-3575
Added: Apr 23
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a coin-operated self-serve car wash. The property features 4 self-serve wash bays and 4 vacuum stations. It is located in a high-traffic area near Highland and Airport Road in Waterford, Michigan. The property has excellent visibility and easy access. The gross revenue is approximately $120,000 annually, with an estimated net income between $90,000 and $100,000. The property size is 4000 square feet. There is potential for increased revenue by adding a touchless automatic car wash system. This property is suitable for an owner-operator or investor.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $7.35 |
| − Vacancy | −$1.1k | −$0.27 |
| EGI | $28.3k | $7.08 |
| − OpEx | −$8.5k | −$2.12 |
| NOI | $19.8k | $4.95 |
4,000 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$862.8K
$754.9K – $1.01M
NOI $60,394 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 3.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - OFF-MARKET OPPORTUNITY Self-Serve Car Wash | Prime Location Near Highland & Airport Rd Rare opportunity to acquire a 4-bay, coin-operated self-serve car wash located in a high-traffic area near Highland and Airport Road. This is a straightforward, cash-flowing asset with strong upside. Property Highlights: • 4 self-serve wash bays • 4 vacuum stations for added revenue • Excellent visibility and easy access • Simple, low-overhead operation Financials: • Gross Revenue: ~$120,000 annually • Estimated Net Income: ~$90,000–$100,000 Value-Add Opportunity: Significant upside by adding a touchless automatic car wash system, which can increase volume, raise ticket size, and drive additional revenue streams. Ideal for an owner-operator or investor looking for a stable asset with room to grow. Asking Price: $650,000 Serious inquiries only. Reach out for more details.
Where is this car wash located?
The property is located at 1400 Airport Rd Waterford, MI.
What is the asking price?
The asking price for this property is $650,000.
