Established Car Wash on
For Sale
Contact for pricing
25056 Lorain Road, North Olmsted, OH 44070
Operating car wash on 0.44 acres near Great Northern.
Property Size2,307 SF
Lot Size0.44 Acres
Price / SF$693.54
Days on Market205
Property Features for 25056 Lorain Road
General Information
Standard status
Active
Size
2,307 SF
Lot size
0.44 Acres
Property subtype
Retail
Listing Agency:
Goodman Real Estate Services Group LLC
Listed By:
Jim Becker · License #OH SAL.2006002500
(216) 381-8200
Source:
Crexi
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 14 at 11:12PM
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 Services Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a 2,307-square-foot laser wash facility situated on 0.44 acres. Established in 2006, the car wash includes an M5 touchless system and two automatic bays. The equipment has been solidly maintained. Located on Lorain Road, the property is in the vicinity of Great Northern Mall and Plazas. The business has demonstrated steady and increasing annual revenue.
Key Highlights
- Established touchless car wash business (since 2006) with steady, increasing annual revenue.
- Prime location on Lorain Road near Great Northern Mall and Plazas.
- Two automatic bays with M5 touchless car wash system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,559
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,180
$2.1M
Cap Rate 7%
$1,522,271
$1.5M
Cap Rate 9%
$1,183,989
$1.2M
Market Conditions
NOI Build-Up for 2,307 SF
Gross rent
$158.1K $68.52/SF
− Vacancy
−$5.8K −$2.54/SF
EGI
$152.2K $65.98/SF
− OpEx
−$45.7K −$19.80/SF
NOI
$106.6K $46.19/SF
Area
Cuyahoga County, OH
Vacancy
3.70%
Lease Rate
$68.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,180
Cap Rate 7%
$1,522,271
Cap Rate 9%
$1,183,989
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Operating car wash on 0.44 acres near Great Northern.
Where is this car wash located?
The property is located at 25056 Lorain Road 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: Established touchless car wash business (since 2006) with steady, increasing annual revenue.; Prime location on Lorain Road near Great Northern Mall and Plazas.; Two automatic bays with M5 touchless car wash system.
