4-Bay Self-Serve Car Wash with
For Sale
$399,000
212 S Poplar St, Berwick, PA 18603
Semi-operational 4-bay self-serve car wash with a separate 3,000-square-foot commercial shell building for redevelopment.
Property Size5,400 SF
Price / SF$73.89
Days on Market72
Property Features for 212 S Poplar St
General Information
Standard status
Active
Size
5,400 SF
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$6,758
Amenities
cashless credit card payment systems
mobile app integration
undercarriage wash capabilities
high-end wash equipment
updated operating systems
Listing Agency:
MultiMetric LLC
(570) 204-5693
Listed By:
JOHN PAUL JANKOWSKI
(570) 784-4499
Source:
Exprealty
Added: Jul 3
Changed: Sep 4
Last Checked: Sep 11 at 11:14AM
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 MultiMetric LLC
Investment Insights
Based on property information with market context.
This property combines an established 4-bay self-service car wash with modern wash equipment and a separate approximately 3,000-square-foot commercial shell building. The car wash is semi-operational and includes cashless credit card payment systems and mobile app integration, along with undercarriage wash capabilities and updated operating systems.
In addition to the existing wash infrastructure, the adjacent shell building offers redevelopment flexibility. The structure could potentially be renovated into multiple retail or commercial suites, subject to applicable approvals, or repurposed for a complementary automotive- or convenience-oriented use.
The improvements and technology already in place support continued operation, modernization, or expansion, while the second structure provides an additional platform for tailoring the site to changing tenant and user needs.
In addition to the existing wash infrastructure, the adjacent shell building offers redevelopment flexibility. The structure could potentially be renovated into multiple retail or commercial suites, subject to applicable approvals, or repurposed for a complementary automotive- or convenience-oriented use.
The improvements and technology already in place support continued operation, modernization, or expansion, while the second structure provides an additional platform for tailoring the site to changing tenant and user needs.
Key Highlights
- Semi‑operational 4‑bay self‑serve car wash with cashless credit card payment and mobile app integration
- Includes undercarriage wash capabilities, high‑end wash equipment, and updated operating systems
- Approximately 3,000‑square‑foot separate commercial shell building on‑site
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
$31,556
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
7.91%
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%
$631,120
$631.1K
Cap Rate 7%
$450,800
$450.8K
Cap Rate 9%
$350,622
$350.6K
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
$47.3K $8.76/SF
− Vacancy
−$2.2K −$0.41/SF
EGI
$45.1K $8.35/SF
− OpEx
−$13.5K −$2.50/SF
NOI
$31.6K $5.84/SF
Area
Columbia County, PA
Vacancy
4.70%
Lease Rate
$8.76 /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%
$631,120
Cap Rate 7%
$450,800
Cap Rate 9%
$350,622
Alternative Uses
Best Use
Retail
$1.08M
$944.6K – $1.26M
NOI $75,570 @ 7.0% cap · market cap 18.94%
Second Best
Specialty Retail
$1.02M
$896.3K – $1.20M
NOI $71,701 @ 7.0% cap · market cap 17.97%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,736 @ 7.0% cap · market cap 31.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 33%
Shops & Services 24%
Electronics 4%
Aldi
Groceries
13,909 visits/mo
0.4 miles
Burger King
Dining
11,906 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,995 visits/mo
0.4 miles
Fulton Bank
Shops & Services
1,434 visits/mo
0.1 miles
Verizon
Electronics
1,095 visits/mo
0.2 miles
Demographics for 18603, PA
18,728
Population
9,235
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
53.4 sq mi
ZIP Area
351
Density / Sq Mi
$55,969
Median Household Income
$40,323
Median Earnings
$789
Median Rent
$164,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Car wash - Semi-operational 4-bay self-serve car wash with a separate 3,000-square-foot commercial shell building for redevelopment.
Where is this car wash located?
The property is located at 212 S Poplar St Berwick, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Semi‑operational 4‑bay self‑serve car wash with cashless credit card payment and mobile app integration; Includes undercarriage wash capabilities, high‑end wash equipment, and updated operating systems; Approximately 3,000‑square‑foot separate commercial shell building on‑site
