Self-Service Car Wash with Automatic
For Sale
$1,300,000
28800 Hayes Rd, Roseville, MI 48066
Operating wash facility with self-serve bays, dog wash stations, vacuum islands, and payment equipment.
Property Size3,842 SF
Price / SF$338.37
Days on Market88
Property Features for 28800 Hayes Rd
General Information
Standard status
Active
Size
3,842 SF
Class
C
Property subtype
Retail
Zoning
B-3
Building Details
Building Size
3,842 SF
Year Built
2006
Stories
1
Listing Agency:
Pilot Property Group
(586) 530-0014
Listed By:
Andrea Bercich
(586) 530-0014
Source:
Cpix.resimplifi
Added: Jun 4
Changed: Aug 30
Last Checked: Aug 30 at 3:18AM
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This 3,842-square-foot car wash property was built in 2006 and is zoned B-3. The facility combines self-service operations with an in-bay touchless automatic wash, creating multiple service components within one automotive property. The automatic system was installed in 2021.
The site includes five self-serve bays, two dog wash stations, five vacuum islands, a NAYAX credit card system, vending equipment, and a token system. The sale includes the real estate, equipment, and LLC license. The property is located at 28800 Hayes Rd in Roseville, Michigan.
The site includes five self-serve bays, two dog wash stations, five vacuum islands, a NAYAX credit card system, vending equipment, and a token system. The sale includes the real estate, equipment, and LLC license. The property is located at 28800 Hayes Rd in Roseville, Michigan.
Key Highlights
- 3,842‑square‑foot car wash built in 2006
- In‑bay Razor XR‑7 touchless automatic wash installed in 2021
- Five self‑serve wash bays
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
$50,350
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
3.87%
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%
$1,007,000
$1.0M
Cap Rate 7%
$719,286
$719.3K
Cap Rate 9%
$559,444
$559.4K
Market Conditions
NOI Build-Up for 3,842 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
$76.1K $19.80/SF
− Vacancy
−$8.9K −$2.33/SF
EGI
$67.1K $17.47/SF
− OpEx
−$16.8K −$4.37/SF
NOI
$50.3K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /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%
$1,007,000
Cap Rate 7%
$719,286
Cap Rate 9%
$559,444
Alternative Uses
Best Use
Specialty Retail
$719.3K
$629.4K – $839.2K
NOI $50,350 @ 7.0% cap · market cap 3.87%
Second Best
Retail
$405.7K
$355.0K – $473.3K
NOI $28,400 @ 7.0% cap · market cap 2.18%
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
309
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
7-Eleven
Shops & Services
12,285 visits/mo
0.5 miles
National Coney Island
Dining
7,985 visits/mo
0.5 miles
Sunoco
Shops & Services
6,510 visits/mo
0.4 miles
Comerica Bank
Shops & Services
3,122 visits/mo
0.5 miles
Maaco
Shops & Services
312 visits/mo
0.5 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
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 - Operating wash facility with self-serve bays, dog wash stations, vacuum islands, and payment equipment.
Where is this self service car wash located?
The property is located at 28800 Hayes Rd Roseville, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,842‑square‑foot car wash built in 2006; In‑bay Razor XR‑7 touchless automatic wash installed in 2021; Five self‑serve wash bays
