Express Tunnel Car
For Sale
$635,000
1405 Cranston Rd, Beloit, WI 53511
Automated wash operation with an established membership program, a salon tenant, and additional conversion-ready bays.
Property Size4,420 SF
Price / SF$143.67
Days on Market56
Property Features for 1405 Cranston Rd
General Information
Standard status
Active
Size
4,420 SF
Financials
Asking Price
$635,000
Business Included
Yes
Additional Details
Car Wash Bays
1
Amenities
dedicated parking
Building Details
Year Built
1985
Buildings
2
Listing Agency:
RE/MAX Lakeside-Central
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Nikolicgroup
Added: Aug 22
Changed: Oct 7
Last Checked: Oct 7 at 1:34PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1405 Cranston Rd in Beloit, Wisconsin, this 4,420-square-foot property combines an express car wash with supporting commercial improvements. The operation features an 80-foot tunnel, automated wash equipment, kiosks, and gate systems, along with an established membership program.
A separate building is leased to a long-term hair salon tenant and has dedicated parking along the car wash lot line. The property also includes 3 vacant bays that are positioned for self-service conversion. Originally built in 1985, the site offers an existing automotive-use configuration with multiple operating components.
A separate building is leased to a long-term hair salon tenant and has dedicated parking along the car wash lot line. The property also includes 3 vacant bays that are positioned for self-service conversion. Originally built in 1985, the site offers an existing automotive-use configuration with multiple operating components.
Key Highlights
- 80' express tunnel car wash with automated equipment, kiosks, and gate systems
- 4,420‑square‑foot property at 1405 Cranston Rd, Beloit, WI 53511
- Established car wash membership program in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,353
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
254
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Automated wash operation with an established membership program, a salon tenant, and additional conversion-ready 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' express tunnel car wash with automated equipment, kiosks, and gate systems; 4,420‑square‑foot property at 1405 Cranston Rd, Beloit, WI 53511; Established car wash membership program in place
