Touchless Car Wash with Dog
New
For Sale
$1,600,000
244 George Washington Boulevard, Oswego, NY 13126
The sale combines the operating wash business and real estate, with automated vehicle washing and a self-service dog wash.
Property Size4,306 SF
Days on Market6
Property Features for 244 George Washington Boulevard
General Information
Standard status
Active
Size
4,306 SF
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,249
Amenities
self-serve dog wash station
Building Details
Building Size
4,306 SF
Year Built
1990
Listing Agency:
Century 21 Galloway Realty
Listed By:
Susan Henry · License #10401211993
(315) 342-2111
Source:
Highfallssir
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:29PM
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 Century 21 Galloway Realty
Investment Insights
Based on property information with market context.
This 1990-built car wash property is offered with its operating business. The facility uses automated laser-based, touchless wash technology and includes a self-service dog wash station. An updated point-of-sale system supports monthly card memberships that can be used at either location.
The property is at 244 George Washington Boulevard in Oswego, New York. The sale covers this location; the seller may consider a separate or combined transaction involving another property at 145 George Street.
The property is at 244 George Washington Boulevard in Oswego, New York. The sale covers this location; the seller may consider a separate or combined transaction involving another property at 145 George Street.
Key Highlights
- Automated laser and touchless vehicle wash technology
- Self‑service dog wash station on site
- Sale includes the operating business and real estate
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
$55,689
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
3.48%
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%
$1,113,780
$1.1M
Cap Rate 7%
$795,557
$795.6K
Cap Rate 9%
$618,767
$618.8K
Market Conditions
NOI Build-Up for 4,306 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
$77.5K $18.00/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$74.3K $17.24/SF
− OpEx
−$18.6K −$4.31/SF
NOI
$55.7K $12.93/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$1,113,780
Cap Rate 7%
$795,557
Cap Rate 9%
$618,767
Alternative Uses
Best Use
Specialty Retail
$795.6K
$696.1K – $928.2K
NOI $55,689 @ 7.0% cap · market cap 3.48%
Second Best
Retail
$594.0K
$519.8K – $693.0K
NOI $41,581 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,121 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - The sale combines the operating wash business and real estate, with automated vehicle washing and a self-service dog wash.
Where is this car wash located?
The property is located at 244 George Washington Boulevard Oswego, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Automated laser and touchless vehicle wash technology; Self‑service dog wash station on site; Sale includes the operating business and real estate
