Building Details

Building Size 1,675 SF

Year Built 1973

Listing Agency: Keller Williams Advantage Realty Show Phone

Listed By: Andrew Starr

Source: Nelsonrealtypa

Added: Mar 20 Changed: Aug 29 Last Checked: Aug 29 at 2:26PM

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Investment Insights

Based on property information with market context.

This self-service car wash has operated since 1973 and includes 6 wash bays along with 2 vacuum systems. The facility is currently operational and occupies a 14.45-acre parcel, combining an established automotive service use with substantial land area.

Located at 188 1ST ST in Grampian, PA, the property serves surrounding communities. The available acreage may support additional business uses, equipment, expansion, or redevelopment, subject to local zoning and required approvals. Financial information is available through the listing agent.

Key Highlights

• Operational self‑service car wash on 14.45 acres
• 6 self‑service wash bays
• 2 vacuum systems

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

$15,786

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

8.77%

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%

$315,720 $315.7K

Cap Rate 7%

$225,514 $225.5K

Cap Rate 9%

$175,400 $175.4K

Market Conditions

NOI Build-Up for 1,675 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

$23.5K $14.04/SF

− Vacancy

−$2.5K −$1.47/SF

EGI

$21.0K $12.57/SF

− OpEx

−$5.3K −$3.14/SF

NOI

$15.8K $9.42/SF

Area

Clearfield County, PA

Vacancy

10.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

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%

$315,720

Cap Rate 7%

$225,514

Cap Rate 9%

$175,400

Alternative Uses

Best Use

Retail

$240.7K

$210.6K – $280.8K (±1% cap)

NOI $16,849 @ 7.0% cap · market cap 9.36%

Second Best

Specialty Retail

$225.5K

$197.3K – $263.1K (±1% cap)

NOI $15,786 @ 7.0% cap · market cap 8.77%

Theoretical Best

Office A

$369.4K

$323.2K – $431.0K (±1% cap)

NOI $25,857 @ 7.0% cap · market cap 14.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Self service car ...

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Grocery & Convenience Store Bakery Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,422 visits/mo 0.1 miles

Demographics for 16838, PA

1,720

Population

949

Households

1.8

Avg Household Size

48

Median Age

17%

College-Educated

93%

High-School Grad

37.5 sq mi

ZIP Area

46

Density / Sq Mi

$57,446

Median Household Income

$42,396

Median Earnings

$871

Median Rent

$121,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this self service car washes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self service car wash - Established wash facility with multiple service bays and vacuum equipment on a substantial commercial parcel.

Where is this self service car wash located?

The property is located at 188 1ST ST Grampian, PA.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Operational self‑service car wash on 14.45 acres; 6 self‑service wash bays; 2 vacuum systems