Fully Equipped Car Wash
For Sale
Contact for pricing
1710 Holland Avenue, Utica, NY 37122
Well-established, fully equipped car wash with a soft-touch tunnel system and hand-dry finishing services.
Property Size5,400 SF
Price / SF$101.67
Days on Market65
Property Features for 1710 Holland Avenue
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
8
Property subtype
Retail
Zoning
Urban Mixed Use
Additional Details
Business Included
Yes
Listing Agency:
Pavia Real Estate
(315) 269-4081
Listed By:
John Jweid · License #NY 10301208997
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 18 at 6:06AM
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 Pavia Real Estate
Investment Insights
Based on property information with market context.
This fully equipped car wash has been operating for more than 30 years and is offered for sale. The facility includes a soft touch tunnel wash and multiple service packages, with hand-dry finishing services included as part of the customer experience. The property is positioned for an operator looking to take over an established wash program with existing equipment in place.
The property is located at 1710 Holland Avenue in Utica, NY 37122. As an operating automotive-focused business, it is designed to serve drivers seeking wash and finishing services.
For buyers, this car wash presents a practical opportunity to acquire a turn-key operation centered on tunnel washing and hand-dry services. Because the remarks specify that the facility is already fully equipped and includes the wash and finishing components, it may be a strong fit for an owner-operator or an investor seeking an automotive service business with established operating history. Contact the broker for additional details regarding the sale.
The property is located at 1710 Holland Avenue in Utica, NY 37122. As an operating automotive-focused business, it is designed to serve drivers seeking wash and finishing services.
For buyers, this car wash presents a practical opportunity to acquire a turn-key operation centered on tunnel washing and hand-dry services. Because the remarks specify that the facility is already fully equipped and includes the wash and finishing components, it may be a strong fit for an owner-operator or an investor seeking an automotive service business with established operating history. Contact the broker for additional details regarding the sale.
Key Highlights
- Operating car wash available for sale with 30+ years in business
- Fully equipped car wash featuring a soft‑touch tunnel wash system
- Includes multiple service packages
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
$33,398
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
6.08%
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%
$667,960
$668.0K
Cap Rate 7%
$477,114
$477.1K
Cap Rate 9%
$371,089
$371.1K
Market Conditions
NOI Build-Up for 5,400 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
$51.2K $9.48/SF
− Vacancy
−$3.5K −$0.64/SF
EGI
$47.7K $8.84/SF
− OpEx
−$14.3K −$2.65/SF
NOI
$33.4K $6.18/SF
Area
Oneida County, NY
Vacancy
6.80%
Lease Rate
$9.48 /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%
$667,960
Cap Rate 7%
$477,114
Cap Rate 9%
$371,089
Alternative Uses
Best Use
Specialty Retail
$888.5K
$777.5K – $1.04M
NOI $62,198 @ 7.0% cap · market cap 11.33%
Second Best
Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 9.89%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,611 @ 7.0% cap · market cap 18.14%
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
714
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 30%
Electronics 2%
Home Improvements & Furnishings 2%
McDonald's
Dining
20,163 visits/mo
0.3 miles
Arby's
Dining
9,526 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,008 visits/mo
0.2 miles
AutoZone
Shops & Services
3,855 visits/mo
0.2 miles
Mavis Discount Tire
Shops & Services
2,382 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Well-established, fully equipped car wash with a soft-touch tunnel system and hand-dry finishing services.
Where is this car wash located?
The property is located at 1710 Holland Avenue Utica, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Operating car wash available for sale with 30+ years in business; Fully equipped car wash featuring a soft‑touch tunnel wash system; Includes multiple service packages
