Self-Service Car Wash
For Sale
Contact for pricing
329 Daniel Webster Highway, Meredith, NH 03253
Self-service car wash with multiple bays on highly visible Route 3, with monitoring test wells and required continued monitoring.
Property Size2,388 SF
Price / SF$251.26
Days on Market136
Property Features for 329 Daniel Webster Highway
General Information
Standard status
Active
Size
2,388 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Listing Agency:
Keller Williams Lakes & Mountains Meredith
(603) 662-4095
Listed By:
Lobin Frizzell · License #NH 069653
(603) 662-4095
Source:
Moodyscre
Added: Mar 30
Changed: Aug 8
Last Checked: Aug 8 at 6:40PM
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 Keller Williams Lakes & Mountains Meredith
Investment Insights
Based on property information with market context.
This for-sale self-service car wash property operates with multiple self-service bays designed for an efficient, low-labor model. The site includes test wells and requires continued monitoring. Access to financial information is subject to NDA.
The property is located on Daniel Webster Highway (Route 3) in Meredith, NH, where visibility and accessibility support steady customer traffic.
Prospective buyers should note the ongoing monitoring requirement associated with the existing test wells while reviewing the business’s operating components and financials under NDA.
The property is located on Daniel Webster Highway (Route 3) in Meredith, NH, where visibility and accessibility support steady customer traffic.
Prospective buyers should note the ongoing monitoring requirement associated with the existing test wells while reviewing the business’s operating components and financials under NDA.
Key Highlights
- Self‑service car wash with multiple self‑service bays
- Located on highly visible Route 3 in Meredith, NH
- Test wells monitoring in place, continued monitoring required
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
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,328 visits/mo
0.4 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?
Self service car wash - Self-service car wash with multiple bays on highly visible Route 3, with monitoring test wells and required continued monitoring.
Where is this self service 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: Self‑service car wash with multiple self‑service bays; Located on highly visible Route 3 in Meredith, NH; Test wells monitoring in place, continued monitoring required
