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 Market9
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
(414) 897-0098
Listed By:
Hoffmann Team* · License #5480794
Source:
Nikolicgroup
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 12:41AM
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.
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 = 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
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
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 - 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
