Self Service Car
For Sale
$250,000
19874 W Kellogg Dr, Goddard, KS 67052
Goddard Car Wash is offered for sale as a self service car wash property.
Property Size1,965 SF
Days on Market60
Property Features for 19874 W Kellogg Dr
General Information
Standard status
Active
Size
1,965 SF
Property subtype
Special Purpose
Building Details
Building Size
1,965 SF
Year Built
1980
Listing Agency:
NAI Martens
Listed By:
Drew Gannon, CCIM · License #00242621
(316) 680-1108
Source:
Naiglobal
Added: Jul 11
Changed: Sep 7
Last Checked: Sep 7 at 8:14AM
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 Martens
Investment Insights
Based on property information with market context.
Goddard Car Wash is a self service car wash property offered for sale. The asset is marketed as an automotive car wash and falls within commercial retail and automotive property categories.
The property is located at 19874 W Kellogg Dr in Goddard, Kansas, and is identified in public remarks as “Goddard Car Wash.”
Beyond the car wash use designation, no additional details are provided regarding the number of bays, site improvements, or lease/operating structure.
The property is located at 19874 W Kellogg Dr in Goddard, Kansas, and is identified in public remarks as “Goddard Car Wash.”
Beyond the car wash use designation, no additional details are provided regarding the number of bays, site improvements, or lease/operating structure.
Key Highlights
- Goddard Car Wash is offered for sale as a self service car wash property
- Built in 1980
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
$21,266
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
8.51%
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%
$425,320
$425.3K
Cap Rate 7%
$303,800
$303.8K
Cap Rate 9%
$236,289
$236.3K
Market Conditions
NOI Build-Up for 1,965 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
$30.7K $15.60/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$28.4K $14.43/SF
− OpEx
−$7.1K −$3.61/SF
NOI
$21.3K $10.82/SF
Area
Sedgwick County, KS
Vacancy
7.50%
Lease Rate
$15.60 /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%
$425,320
Cap Rate 7%
$303,800
Cap Rate 9%
$236,289
Alternative Uses
Best Use
Specialty Retail
$303.8K
$265.8K – $354.4K
NOI $21,266 @ 7.0% cap · market cap 8.51%
Second Best
Retail
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$409.6K
$358.4K – $477.8K
NOI $28,669 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 67052, KS
8,977
Population
3,081
Households
2.9
Avg Household Size
36
Median Age
39%
College-Educated
98%
High-School Grad
51.8 sq mi
ZIP Area
173
Density / Sq Mi
$104,044
Median Household Income
$48,428
Median Earnings
$1,372
Median Rent
$253,800
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?
Self service car wash - Goddard Car Wash is offered for sale as a self service car wash property.
Where is this self service car wash located?
The property is located at 19874 W Kellogg Dr Goddard, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Goddard Car Wash is offered for sale as a self service car wash property; Built in 1980
