Renovated Self-Service Car
For Sale
Contact for pricing
2610 Craig Road, Eau Claire, WI 54701
Commercial car wash facility with updated wash-bay systems, payment equipment, compressors, and dryers.
Property Size2,592 SF
Price / SF$212.19
Days on Market35
Property Features for 2610 Craig Road
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
10
Property subtype
Retail, Special Purpose
Zoning
Commercial
Additional Details
Car Wash Bays
2
Building Details
Year Built
2005
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Listing Agency:
Ultra Commercial Realty
Listed By:
Darin Voegeli · License #115056-94
Source:
Crexi
Added: Jul 27
Changed: Aug 25
Last Checked: Aug 29 at 1:25AM
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 Ultra Commercial Realty
Investment Insights
Based on property information with market context.
This self-service car wash facility occupies 2,592 square feet and was built in 2005. The property includes two wash bays with updated paneling, Hamilton Goldline pay stations, compressors, dryers, and two Laserwashes installed in 2015. Recent work includes a boiler, driveway sealcoating, replacement motors and gearboxes in one bay, and new window paneling in 2026.
Additional improvements completed in 2023 include new paneling in both wash bays and updated payment stations. The site is positioned near major roadways with visibility and access serving local and commuter traffic. The real estate sale does not include the existing business name, so the operation would require rebranding.
Additional improvements completed in 2023 include new paneling in both wash bays and updated payment stations. The site is positioned near major roadways with visibility and access serving local and commuter traffic. The real estate sale does not include the existing business name, so the operation would require rebranding.
Key Highlights
- 2,592‑square‑foot self‑service car wash facility built in 2005
- Two wash bays with new paneling completed in 2023
- Hamilton Goldline pay stations installed in 2023
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
$35,900
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
6.53%
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%
$718,000
$718.0K
Cap Rate 7%
$512,857
$512.9K
Cap Rate 9%
$398,889
$398.9K
Market Conditions
NOI Build-Up for 2,592 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
$49.1K $18.96/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$47.9K $18.47/SF
− OpEx
−$12.0K −$4.62/SF
NOI
$35.9K $13.85/SF
Area
Eau Claire County, WI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$718,000
Cap Rate 7%
$512,857
Cap Rate 9%
$398,889
Alternative Uses
Best Use
Industrial
$2.93M
$2.56M – $3.41M
NOI $204,773 @ 7.0% cap · market cap 37.23%
Second Best
Specialty Retail
$512.9K
$448.8K – $598.3K
NOI $35,900 @ 7.0% cap · market cap 6.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 54701, WI
41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
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?
Self service car wash - Commercial car wash facility with updated wash-bay systems, payment equipment, compressors, and dryers.
Where is this self service car wash located?
The property is located at 2610 Craig Road Eau Claire, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,592‑square‑foot self‑service car wash facility built in 2005; Two wash bays with new paneling completed in 2023; Hamilton Goldline pay stations installed in 2023
