Automatic and Self-Service Car
29007 Lakeshore Blvd, Willowick, OH 44095
For Sale
Contact for pricing
Car wash with automatic and self-service bays for sale.
Property Size1,980 SF
Price / SF$108.59
Days on Market880
Property Features for 29007 Lakeshore Blvd
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
NAI Pleasant Valley
Listed By:
Margaret Slesnick · License #OH 2016001550
(330) 575-7584
Source:
Crexi
Added: Jun 13, 2024
Changed: Oct 25
Last Checked: Nov 8 at 9:26AM
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 NAI Pleasant Valley
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Investment Insights
Based on property information with market context.
This commercial property features a car wash equipped with 1 automatic bay and 4 self-service bays. The facility includes heated floors and 8 vacuums. It is equipped with a credit card reader. The property has new equipment and has been repainted. The sale includes all supplies and tools. Over $45,000 in upgrades have been invested in the property. The car wash also features Touch 4 Wash memberships, an app-based program. The property size is 1,980 square feet.
Key Highlights
- Automatic Bay and Self‑Service Bays
- New Equipment
- Credit Card Reader available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,564
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,280
$371.3K
Cap Rate 7%
$265,200
$265.2K
Cap Rate 9%
$206,267
$206.3K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.8K $14.04/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$26.5K $13.39/SF
− OpEx
−$8.0K −$4.02/SF
NOI
$18.6K $9.38/SF
Area
Lake County, OH
Vacancy
4.60%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,280
Cap Rate 7%
$265,200
Cap Rate 9%
$206,267
Alternative Uses
Best Use
Specialty Retail
$303.6K
$265.6K – $354.2K
NOI $21,250 @ 7.0% cap · market cap 9.88%
Second Best
Retail
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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Business Placement
Demographics for 44095, OH
32,616
Population
15,469
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
3,584
Density / Sq Mi
$69,778
Median Household Income
$43,895
Median Earnings
$985
Median Rent
$162,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Car wash with automatic and self-service bays for sale.
Where is this car wash located?
The property is located at 29007 Lakeshore Blvd Willowick, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Automatic Bay and Self‑Service Bays; New Equipment; Credit Card Reader available
