High-Traffic Car Wash
For Sale
$79,900
1728 Ingalls Avenue, Pascagoula, MS 39567
Car wash on Ingalls Ave with equipment and commercial zoning.
Property Size1,040 SF
Price / SF$76.83
Days on Market149
Property Features for 1728 Ingalls Avenue
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Commercial
Building Details
Building Size
1,040 SF
Year Built
2004
Stories
1
Listing Agency:
Parker & Rankin Real Estate Company, LLC
(228) 990-6174
Listed By:
Matt Parker · License #B16102
(228) 990-6174
Source:
Jdanielrealtysells
Added: Mar 30
Changed: Aug 23
Last Checked: Aug 24 at 1:36PM
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 Parker & Rankin Real Estate Company, LLC
Investment Insights
Based on property information with market context.
This property features a car wash located on high-traffic Ingalls Avenue near Market Street. The car wash equipment is present, offering the potential for immediate operation and cash flow. The property is zoned commercial, suggesting a range of potential uses. The property size is 1040 square feet.
Key Highlights
- High traffic location on Ingalls Ave near Market St.
- Car wash equipment present.
- Excellent cash flow potential.
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
$6,743
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
8.44%
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%
$134,860
$134.9K
Cap Rate 7%
$96,329
$96.3K
Cap Rate 9%
$74,922
$74.9K
Market Conditions
NOI Build-Up for 1,040 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
$10.4K $9.96/SF
− Vacancy
−$725 −$0.70/SF
EGI
$9.6K $9.26/SF
− OpEx
−$2.9K −$2.78/SF
NOI
$6.7K $6.48/SF
Area
Jackson County, MS
Vacancy
7.00%
Lease Rate
$9.96 /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%
$134,860
Cap Rate 7%
$96,329
Cap Rate 9%
$74,922
Alternative Uses
Best Use
Specialty Retail
$219.7K
$192.2K – $256.3K
NOI $15,378 @ 7.0% cap · market cap 19.25%
Second Best
Retail
$176.9K
$154.8K – $206.3K
NOI $12,380 @ 7.0% cap · market cap 15.49%
Theoretical Best
Office A
$284.1K
$248.6K – $331.5K
NOI $19,888 @ 7.0% cap · market cap 24.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 33%
Home Improvements & Furnishings 2%
SONIC Drive In
Dining
12,170 visits/mo
0.4 miles
Dollar General
Shops & Services
8,031 visits/mo
0.4 miles
SUBWAY
Dining
3,342 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
593 visits/mo
0.1 miles
Demographics for 39567, MS
10,280
Population
4,802
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
1,606
Density / Sq Mi
$50,792
Median Household Income
$41,748
Median Earnings
$917
Median Rent
$136,500
Median Home Value
Market
Vacancy Rate% for Retail in South 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 - Car wash on Ingalls Ave with equipment and commercial zoning.
Where is this car wash located?
The property is located at 1728 Ingalls Avenue Pascagoula, MS.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: High traffic location on Ingalls Ave near Market St.; Car wash equipment present.; Excellent cash flow potential.
