M5 Touchless Car
For Sale
Contact for pricing
25056 Lorain Rd, North Olmsted, OH 44070
Touchless car wash established in 2006 with two automatic bays and solidly maintained equipment.
Property Size2,307 SF
Lot Size0.44 Acres
Price / SF$693.54
Days on Market1213
Property Features for 25056 Lorain Rd
General Information
Standard status
Active
Size
2,307 SF
Lot size
0.44 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$1,600,000
Road Access
Yes
Car Wash Bays
2
Building Details
Buildings
1
Listing Agency:
Goodman Real Estate
(216) 342-9304
Listed By:
Jim Becker · License #SAL.2006002500
Source:
Moodyscre
Added: Apr 10, 2023
Changed: Jul 30
Last Checked: Jul 30 at 7:55AM
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 Goodman Real Estate
Investment Insights
Based on property information with market context.
This M5 touchless car wash sits on 0.44 acres and includes a 2,307 SF Laser Wash facility. The site features two automatic bays and equipment that has been solidly maintained. The seller is the original owner and the operation has been established since 2006.
The property is located on Lorain Road near the Great Northern Mall and surrounding plazas, providing an on-site car wash use designed for efficient, automated service.
With two automatic bays in a purpose-built touchless setup, the facility provides a straightforward configuration for ongoing car wash operations within its established site footprint.
The property is located on Lorain Road near the Great Northern Mall and surrounding plazas, providing an on-site car wash use designed for efficient, automated service.
With two automatic bays in a purpose-built touchless setup, the facility provides a straightforward configuration for ongoing car wash operations within its established site footprint.
Key Highlights
- 0.44 acres
- 2,307 SF Laser Wash facility
- M5 touchless car wash established 2006
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.1k | $68.52 |
| − Vacancy | −$5.8k | −$2.54 |
| EGI | $152.2k | $65.98 |
| − OpEx | −$45.7k | −$19.80 |
| NOI | $106.6k | $46.19 |
2,307 SF · lease $68.52/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.52M
$1.33M – $1.78M
NOI $106,559 @ 7.0% cap · market cap 6.66%
Second Best
Specialty Retail
$360.5K
$315.5K – $420.6K
NOI $25,237 @ 7.0% cap · market cap 1.58%
Theoretical Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,393 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 44070, OH
32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,773
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
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 - Touchless car wash established in 2006 with two automatic bays and solidly maintained equipment.
Where is this car wash located?
The property is located at 25056 Lorain Rd North Olmsted, OH.
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: 0.44 acres; 2,307 SF Laser Wash facility; M5 touchless car wash established 2006
