Express Tunnel Car
For Sale
$635,000
1405 Cranston Rd, Beloit, WI 53511
Commercial-zoned facility with an existing membership program, salon tenancy, and three vacant bays.
Property Size4,420 SF
Days on Market13
Property Features for 1405 Cranston Rd
General Information
Standard status
Active
Size
4,420 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
Commercial
Additional Details
Asking Price
$635,000
Car Wash Bays
4
Taxes and HOA fees
Annual Taxes
$8,433
Building Details
Building Size
4,420 SF
Year Built
1985
Buildings
2
Listing Agency:
RE/MAX Lakeside-Central
(414) 897-0098
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Therealtycompanyllc
Added: Aug 6
Changed: Aug 18
Last Checked: Aug 18 at 3:41PM
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 RE/MAX Lakeside-Central
Investment Insights
Based on property information with market context.
The property is a commercial-zoned car wash facility built in 1985, featuring an 80-foot express tunnel and automated operating systems. Tunnel equipment, kiosks, gates, and related improvements were installed or expanded in recent years, and the tunnel has experienced limited use. An established membership program is included with the operation.
The site also contains a separate building occupied by a long-term hair salon tenant. Dedicated parking serves the salon along the car wash lot line. Three additional vacant bays are available for conversion to self-service use, providing added flexibility within the existing property configuration.
The site also contains a separate building occupied by a long-term hair salon tenant. Dedicated parking serves the salon along the car wash lot line. Three additional vacant bays are available for conversion to self-service use, providing added flexibility within the existing property configuration.
Key Highlights
- 80‑foot express tunnel car wash with automated equipment, kiosks, and gate systems
- Commercial zoning supports the existing automotive property use
- Existing membership program included with the car wash operation
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
$53,353
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
8.40%
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%
$1,067,060
$1.1M
Cap Rate 7%
$762,186
$762.2K
Cap Rate 9%
$592,811
$592.8K
Market Conditions
NOI Build-Up for 4,420 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
$79.6K $18.00/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$76.2K $17.24/SF
− OpEx
−$22.9K −$5.17/SF
NOI
$53.4K $12.07/SF
Area
Rock County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,067,060
Cap Rate 7%
$762,186
Cap Rate 9%
$592,811
Alternative Uses
Best Use
Specialty Retail
$996.3K
$871.8K – $1.16M
NOI $69,742 @ 7.0% cap · market cap 10.98%
Second Best
Retail
$762.2K
$666.9K – $889.2K
NOI $53,353 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.06M
$929.4K – $1.24M
NOI $74,351 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Commercial-zoned facility with an existing membership program, salon tenancy, and three vacant bays.
Where is this car wash located?
The property is located at 1405 Cranston Rd Beloit, WI.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 80‑foot express tunnel car wash with automated equipment, kiosks, and gate systems; Commercial zoning supports the existing automotive property use; Existing membership program included with the car wash operation
