Self Service Car Wash
For Sale
Contact for pricing
330A E 20TH Street, Farmington, NM 87401
Self service car wash with seven bays, including a touchless automatic system and a truck/RV-capable bay.
Property Size5,060 SF
Price / SF$194.66
Days on Market199
Property Features for 330A E 20TH Street
General Information
Standard status
Active
Size
5,060 SF
Property subtype
Land
Additional Details
Business Included
Yes
Service Bays
7
Listing Agency:
EXIT Realty Home & Ranch
Listed By:
Kelsie Booker
Source:
Crexi
Added: Feb 26
Changed: Sep 6
Last Checked: Sep 12 at 7:03AM
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 EXIT Realty Home & Ranch
Investment Insights
Based on property information with market context.
This well-established car wash facility is designed for a steady, on-site service experience. The property includes seven wash bays, featuring a touchless automatic wash system installed less than two years ago. There is also an oversized bay designed to accommodate trucks and RVs, expanding the types of vehicles the site can serve. In addition, the site offers seven dedicated vacuum and detailing stations to support customer cleaning and finishing needs.
The property is positioned for strong on-site visibility and benefits from steady daily traffic and established local demand, supporting its continued operation.
Overall, the combination of multiple wash bays, the newer touchless system, and the dedicated vacuum and detailing stations provides a complete car wash and detailing setup for an owner-operator or investor.
The property is positioned for strong on-site visibility and benefits from steady daily traffic and established local demand, supporting its continued operation.
Overall, the combination of multiple wash bays, the newer touchless system, and the dedicated vacuum and detailing stations provides a complete car wash and detailing setup for an owner-operator or investor.
Key Highlights
- Established car wash with 7 wash bays
- Touchless automatic wash system installed less than 2 years ago
- Includes 1 oversized bay designed for trucks and RVs
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
$52,485
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
5.33%
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%
$1,049,700
$1.0M
Cap Rate 7%
$749,786
$749.8K
Cap Rate 9%
$583,167
$583.2K
Market Conditions
NOI Build-Up for 5,060 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
$74.7K $14.76/SF
− Vacancy
−$4.7K −$0.93/SF
EGI
$70.0K $13.83/SF
− OpEx
−$17.5K −$3.46/SF
NOI
$52.5K $10.37/SF
Area
San Juan County, NM
Vacancy
6.30%
Lease Rate
$14.76 /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%
$1,049,700
Cap Rate 7%
$749,786
Cap Rate 9%
$583,167
Alternative Uses
Best Use
Specialty Retail
$749.8K
$656.1K – $874.8K
NOI $52,485 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$714.7K
$625.4K – $833.9K
NOI $50,032 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.05M
$915.9K – $1.22M
NOI $73,274 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 38%
Dining 10%
Smith's
Groceries
49,683 visits/mo
0.2 miles
Smith's Fuel Center
Shops & Services
15,008 visits/mo
0.2 miles
Dollar General
Shops & Services
9,715 visits/mo
0.1 miles
Natural Grocers
Groceries
8,865 visits/mo
0.3 miles
Wells Fargo
Shops & Services
8,796 visits/mo
0.2 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Self service car wash with seven bays, including a touchless automatic system and a truck/RV-capable bay.
Where is this car wash located?
The property is located at 330A E 20TH Street Farmington, NM.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Established car wash with 7 wash bays; Touchless automatic wash system installed less than 2 years ago; Includes 1 oversized bay designed for trucks and RVs
