Self Service Car Wash
For Sale
$600,000
329 Daniel Webster Highway, Meredith, NH 03253
Established self-service car wash on Route 3 with multiple bays and a practical low-labor operating setup.
Property Size2,388 SF
Price / SF$251.26
Days on Market96
Property Features for 329 Daniel Webster Highway
General Information
Standard status
Active
Size
2,388 SF
Property subtype
Commercial
Zoning
CB&R
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
REMAX Andrew Realty Services
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 4
Changed: Sep 7
Last Checked: Sep 7 at 5:07AM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
This property is an established self-service car wash facility operating from multiple self-service bays. The site is built for efficient customer use, with a configuration designed around do-it-yourself washing. A required environmental component is in place, as test wells and monitoring are part of the property’s ongoing compliance.
The car wash is located at 329 Daniel Webster Highway in Meredith, NH, on highly visible Route 3. The site benefits from passing traffic from year-round residents as well as seasonal visitors to the Lakes Region.
For operators, this facility can serve as a straightforward platform in the self-service car wash segment, supported by the property’s current bay layout and existing site infrastructure. For buyers evaluating continued operations or facility improvements, the presence of test well monitoring requirements should be considered for planning and compliance going forward. Financial details are available by NDA.
The car wash is located at 329 Daniel Webster Highway in Meredith, NH, on highly visible Route 3. The site benefits from passing traffic from year-round residents as well as seasonal visitors to the Lakes Region.
For operators, this facility can serve as a straightforward platform in the self-service car wash segment, supported by the property’s current bay layout and existing site infrastructure. For buyers evaluating continued operations or facility improvements, the presence of test well monitoring requirements should be considered for planning and compliance going forward. Financial details are available by NDA.
Key Highlights
- Established self‑service car wash on Route 3 in Meredith, NH (year built 1975)
- Multiple self‑service bays for customer use
- Self‑service, low‑labor operating setup per the provided remarks
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
$36,055
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
6.01%
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%
$721,100
$721.1K
Cap Rate 7%
$515,071
$515.1K
Cap Rate 9%
$400,611
$400.6K
Market Conditions
NOI Build-Up for 2,388 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
$51.6K $21.60/SF
− Vacancy
−$3.5K −$1.47/SF
EGI
$48.1K $20.13/SF
− OpEx
−$12.0K −$5.03/SF
NOI
$36.1K $15.10/SF
Area
Belknap County, NH
Vacancy
6.80%
Lease Rate
$21.60 /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%
$721,100
Cap Rate 7%
$515,071
Cap Rate 9%
$400,611
Alternative Uses
Best Use
Specialty Retail
$515.1K
$450.7K – $600.9K
NOI $36,055 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$401.9K
$351.7K – $468.9K
NOI $28,133 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$567.9K
$496.9K – $662.5K
NOI $39,752 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 37%
Dining 17%
Home Improvements & Furnishings 4%
Hannaford
Groceries
27,280 visits/mo
0.2 miles
Dunkin' Donuts
Dining
10,950 visits/mo
0.2 miles
Circle K
Shops & Services
10,303 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
5,775 visits/mo
0.1 miles
Mobil
Shops & Services
5,017 visits/mo
0.3 miles
Demographics for 03253, NH
6,558
Population
5,111
Households
1.3
Avg Household Size
54
Median Age
44%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
175
Density / Sq Mi
$69,808
Median Household Income
$40,587
Median Earnings
$1,230
Median Rent
$444,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Established self-service car wash on Route 3 with multiple bays and a practical low-labor operating setup.
Where is this car wash located?
The property is located at 329 Daniel Webster Highway Meredith, NH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Established self‑service car wash on Route 3 in Meredith, NH (year built 1975); Multiple self‑service bays for customer use; Self‑service, low‑labor operating setup per the provided remarks
