Car Wash with Detail
For Sale
$1,450,000
2415 Maple Ave, Zanesville, OH 43701
Includes upgraded automatic equipment, multi-bay detail areas, new HVAC systems, and a new roof.
Property Size8,966 SF
Price / SF$161.72
Days on Market15
Property Features for 2415 Maple Ave
General Information
Standard status
Active
Size
8,966 SF
Amenities
Upgraded Macneil automatic equipment
New HVAC systems
New roof
Multi-bay detail shop areas
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Randy J Best · License #311236
Source:
Thelorilynngroup
Added: Aug 15
Changed: Aug 28
Last Checked: Aug 28 at 8:03PM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
The property includes a car wash building totaling approximately 8,966 SF, with multi-bay detail shop areas and upgraded Macneil automatic equipment. The sale includes the real estate, furnishings, fixtures, and equipment. New HVAC systems and a new roof add to the building’s current improvements.
The offering includes two parcels: the car wash lot and a vacant lot located across the street. The building was constructed in 1989 and is located at 2415 Maple Ave in Zanesville, Ohio. Showings require an appointment.
The offering includes two parcels: the car wash lot and a vacant lot located across the street. The building was constructed in 1989 and is located at 2415 Maple Ave in Zanesville, Ohio. Showings require an appointment.
Key Highlights
- 8,966 SF car wash building
- Two parcels included: car wash lot and vacant lot across the street
- Multi‑bay detail shop areas
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
$71,269
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
4.92%
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%
$1,425,380
$1.4M
Cap Rate 7%
$1,018,129
$1.0M
Cap Rate 9%
$791,878
$791.9K
Market Conditions
NOI Build-Up for 8,966 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
$99.0K $11.04/SF
− Vacancy
−$4.0K −$0.44/SF
EGI
$95.0K $10.60/SF
− OpEx
−$23.8K −$2.65/SF
NOI
$71.3K $7.95/SF
Area
Muskingum County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$1,425,380
Cap Rate 7%
$1,018,129
Cap Rate 9%
$791,878
Alternative Uses
Best Use
Specialty Retail
$1.02M
$890.9K – $1.19M
NOI $71,269 @ 7.0% cap · market cap 4.92%
Second Best
Retail
$830.6K
$726.8K – $969.1K
NOI $58,143 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,220 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 28%
Home Improvements & Furnishings 8%
Apparel 6%
McDonald's
Dining
39,284 visits/mo
0.4 miles
Taco Bell
Dining
12,897 visits/mo
0.1 miles
Burger King
Dining
12,425 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,604 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,023 visits/mo
0.5 miles
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest 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 - Includes upgraded automatic equipment, multi-bay detail areas, new HVAC systems, and a new roof.
Where is this car wash located?
The property is located at 2415 Maple Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8,966 SF car wash building; Two parcels included: car wash lot and vacant lot across the street; Multi‑bay detail shop areas
