Express Tunnel Car
1405 Cranston Rd, Beloit, WI 53511
For Sale
$635,000
N, Beloit, WI
Property Size4,420 SF
Lot Size0.90 Acres
Price / SF$143.67
Days on Market95
Property Features for 1405 Cranston Rd
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Lot size
Tenancy & Operations
Tenant in Place
Real Estate Included
Automotive
Automotive Uses
Car Wash Format
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
REMAX Lakeside-Central · RE/MAX International
(414) 327-7020
Listed By:
Hoffmann Team* · License WI #5480794
(414) 897-0098
Added: Aug 7
Changed: Nov 2
Last Checked: Nov 9 at 9:06PM
MLS# 1975285
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial car wash property occupies 0.9 acres and includes 4,420 square feet of improvements. The primary facility features an 80-foot express tunnel with tunnel equipment, automated systems, kiosks, and gate controls. The tunnel was installed a few years ago and has experienced minimal use. A membership program is already in place.
The property also includes a separate building leased to a long-term hair salon tenant, with dedicated parking along the boundary of the car wash lot. Three vacant bays provide space for potential self-service conversion. Built in 1985 and zoned Commercial, the property combines an express wash format with additional existing and adaptable improvements.
The property also includes a separate building leased to a long-term hair salon tenant, with dedicated parking along the boundary of the car wash lot. Three vacant bays provide space for potential self-service conversion. Built in 1985 and zoned Commercial, the property combines an express wash format with additional existing and adaptable improvements.
Key Highlights
- 80' express tunnel with automation, kiosks, tunnel equipment, and gate systems
- 4,420 square feet of property improvements on 0.9 acres
- Tunnel installed only a few years ago and has seen minimal use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Commercial-zoned facility with a separate leased building, membership program, and vacant bays for self-service conversion.
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 with automation, kiosks, tunnel equipment, and gate systems; 4,420 square feet of property improvements on 0.9 acres; Tunnel installed only a few years ago and has seen minimal use
