Six-Property Car Wash
For Sale
Contact for pricing
2911 Hikes Ln, Louisville, KY 40218
Sale-leaseback portfolio combining self-service and automatic wash bays across six locations.
Property Size22,106 SF
Price / SF$383.38
Days on Market67
Property Features for 2911 Hikes Ln
General Information
Standard status
Active
Size
22,106 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Peter Block · License #471002226
(312) 343-1800
Source:
Moodyscre
Added: Aug 5
Changed: Oct 9
Last Checked: Oct 7 at 1:57PM
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 Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
This offering comprises six car wash properties totaling 22,106 square feet. The portfolio includes fee simple real estate at each location, with a combination of self-service and automatic wash bays. The sites have been maintained, upgraded, and modernized under long-term ownership and professional management.
The properties are located across mature submarkets within the Louisville MSA, including 2911 Hikes Ln, Louisville, KY 40218. The transaction is structured as a sale-leaseback with an established tenant operating the car wash business across the portfolio.
The properties are located across mature submarkets within the Louisville MSA, including 2911 Hikes Ln, Louisville, KY 40218. The transaction is structured as a sale-leaseback with an established tenant operating the car wash business across the portfolio.
Key Highlights
- Six‑property car wash portfolio totaling 22,106 square feet
- Fee simple real estate included at all six locations
- Mix of self‑service and automatic wash bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,657
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,213,140
$6.2M
Cap Rate 7%
$4,437,957
$4.4M
Cap Rate 9%
$3,451,744
$3.5M
Market Conditions
NOI Build-Up for 22,106 SF
Gross rent
$443.0K $20.04/SF
− Vacancy
−$28.8K −$1.30/SF
EGI
$414.2K $18.74/SF
− OpEx
−$103.6K −$4.68/SF
NOI
$310.7K $14.05/SF
Area
Louisville, KY
Vacancy
6.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,213,140
Cap Rate 7%
$4,437,957
Cap Rate 9%
$3,451,744
Alternative Uses
Best Use
Specialty Retail
$4.44M
$3.88M – $5.18M
NOI $310,657 @ 7.0% cap · market cap 3.67%
Second Best
Retail
$3.64M
$3.19M – $4.25M
NOI $254,860 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$5.73M
$5.01M – $6.68M
NOI $401,091 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Little Caesars Pizza
Dining
5,944 visits/mo
0.1 miles
Demographics for 40218, KY
33,437
Population
14,697
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,715
Density / Sq Mi
$56,191
Median Household Income
$35,784
Median Earnings
$1,059
Median Rent
$195,600
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 Louisville, KY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Sale-leaseback portfolio combining self-service and automatic wash bays across six locations.
Where is this car wash located?
The property is located at 2911 Hikes Ln Louisville, KY.
What is the asking price?
The asking price for this property is $8,475,000.
What are key features of this property?
This property features: Six‑property car wash portfolio totaling 22,106 square feet; Fee simple real estate included at all six locations; Mix of self‑service and automatic wash bays
