Turnkey Car Wash Corner
For Sale
$325,000
1881 30TH Avenue, East Moline, IL 61244
Turnkey car wash includes three hand bays, automatic bays, and vacuums on a corner lot.
Property Size2,472 SF
Days on Market329
Property Features for 1881 30TH Avenue
General Information
Standard status
Active
Size
2,472 SF
Property subtype
Commercial
Zoning
B-2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,679
Building Details
Building Size
2,472 SF
Year Built
1996
Listing Agency:
NAI Ruhl Commercial Company
(563) 355-4000
Listed By:
Ethan Simons · License #S65924000/475.178290
(563) 355-4000
Source:
Cavanaghrealty
Added: Sep 29, 2025
Changed: Aug 23
Last Checked: Aug 22 at 11:50AM
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 NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This turnkey property is currently operating as a car wash and includes a value of land and building. The site features three hand wash bays, one automatic wash bay, and vacuums, providing a mix of wash options in a single operating location.
The property is located on a corner lot at the intersection of 30th Ave and 19th St.
The building configuration is specifically designed to support car wash operations, with multiple bays plus vacuum equipment to serve vehicles on-site.
The property is located on a corner lot at the intersection of 30th Ave and 19th St.
The building configuration is specifically designed to support car wash operations, with multiple bays plus vacuum equipment to serve vehicles on-site.
Key Highlights
- Car wash property built in 1996
- Corner lot at the intersection of 30th Ave and 19th St
- Includes 3 hand wash bays, 1 automatic wash bay, and vacuums
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
$29,074
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
8.95%
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%
$581,480
$581.5K
Cap Rate 7%
$415,343
$415.3K
Cap Rate 9%
$323,044
$323.0K
Market Conditions
NOI Build-Up for 2,472 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
$40.0K $16.20/SF
− Vacancy
−$1.3K −$0.52/SF
EGI
$38.8K $15.68/SF
− OpEx
−$9.7K −$3.92/SF
NOI
$29.1K $11.76/SF
Area
Rock Island County, IL
Vacancy
3.20%
Lease Rate
$16.20 /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%
$581,480
Cap Rate 7%
$415,343
Cap Rate 9%
$323,044
Alternative Uses
Best Use
Specialty Retail
$415.3K
$363.4K – $484.6K
NOI $29,074 @ 7.0% cap · market cap 8.95%
Second Best
Retail
$292.0K
$255.5K – $340.7K
NOI $20,443 @ 7.0% cap · market cap 6.29%
Theoretical Best
Healthcare Medical
$421.0K
$368.4K – $491.2K
NOI $29,470 @ 7.0% cap · market cap 9.07%
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
388
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,540 visits/mo
0.0 miles
Storage Rentals of America
Shops & Services
727 visits/mo
0.4 miles
Storage Rentals of America
Shops & Services
278 visits/mo
0.1 miles
Demographics for 61244, IL
24,004
Population
10,135
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
26.9 sq mi
ZIP Area
892
Density / Sq Mi
$66,827
Median Household Income
$39,823
Median Earnings
$828
Median Rent
$140,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Turnkey car wash includes three hand bays, automatic bays, and vacuums on a corner lot.
Where is this car wash located?
The property is located at 1881 30TH Avenue East Moline, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Car wash property built in 1996; Corner lot at the intersection of 30th Ave and 19th St; Includes 3 hand wash bays, 1 automatic wash bay, and vacuums
