Building Details

Building Size 2,970 SF

Year Built 1971

Listing Agency: SVN Ascension

Listed By: Ali Sayed · License #OH #2022003059 Show Phone

Source: Svn-acre

Added: Jul 4 Changed: Oct 7 Last Checked: Oct 19 at 3:55AM

Report an Issue

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 SVN Ascension

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,970 SF self-service car wash was built in 1971 and is offered for sale on 0.1837 acres. The property includes two self-service bays and one automatic bay; the automatic bay is currently out of commission for repairs. On site, there are two coin-paid vacuums, a change machine, and four product vending towers located at the front of the building.

Access is provided from Lagrange Street (7,355 VPD, as provided), with additional traffic data listed for E Manhattan Blvd (7,499 VPD) and I-475 (83,849 VPD), supporting visibility along major corridors in Toledo.

The car wash accepts coin and card at the bays, and the property is configured as a functional, equipment-focused car wash site with on-premise change and vending.

Key Highlights

• 2,970 SF self‑service car wash built in 1971 on 0.1837 acres
• Features two self‑service bays and one automatic bay (automatic bay currently out of commission for repairs)
• Automatic bay accepts coin and card; includes on‑site coin‑paid vacuums

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,364

Cap Rate

8.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$387,280 $387.3K

Cap Rate 7%

$276,629 $276.6K

Cap Rate 9%

$215,156 $215.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,970 SF

Gross rent

$29.9K $10.08/SF

− Vacancy

−$2.3K −$0.77/SF

EGI

$27.7K $9.31/SF

− OpEx

−$8.3K −$2.79/SF

NOI

$19.4K $6.52/SF

Area

Toledo, OH

Vacancy

7.60%

Lease Rate

$10.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$387,280

Cap Rate 7%

$276,629

Cap Rate 9%

$215,156

Alternative Uses

Best Use

Specialty Retail

$323.1K

$282.7K – $376.9K (±1% cap)

NOI $22,614 @ 7.0% cap · market cap 10.05%

Second Best

Retail

$276.6K

$242.1K – $322.7K (±1% cap)

NOI $19,364 @ 7.0% cap · market cap 8.61%

Theoretical Best

Office A

$494.3K

$432.5K – $576.7K (±1% cap)

NOI $34,599 @ 7.0% cap · market cap 15.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

B K Car ... Car Wash

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

83,849 VPD

Traffic count

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

338

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Electronics 23% Home Improvements & Furnishings 21%

Marco's Pizza Dining

989 visits/mo 0.2 miles

Vito's Pizza & Subs Dining

893 visits/mo 0.3 miles

Boost Mobile Electronics

759 visits/mo 0.4 miles

Johnstone Supply Home Improvements & Furnishings

688 visits/mo 0.4 miles

Demographics for 43608, OH

12,948

Population

6,419

Households

2

Avg Household Size

35

Median Age

10%

College-Educated

75%

High-School Grad

3.3 sq mi

ZIP Area

3,924

Density / Sq Mi

$28,535

Median Household Income

$24,107

Median Earnings

$828

Median Rent

$41,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Historic 3-Unit Triplex

2446 Kenwood Blvd, Toledo, OH 43606

$299,000

3,188 SF

View details

Multifamily Property with Flexible Sale Structure

2558 Collingwood Blvd, Toledo, OH 43604

$165,000

2,760 SF

View details

Single-Story Brick Office Building

4020 Elmhurst Road, Toledo, OH 43613

$215,000

2,400 SF

View details

Triplex Near UT Campus

1917 Wyndhurst Rd, Toledo, OH 43607

$239,900

2,416 SF

View details

2-Unit Duplex

2215 Hickory Street, Toledo, OH 43605

$185,000

2,498 SF

View details

Duplex with Separate Utilities

3239 Algonquin Pkwy, Toledo, OH 43606

$189,900

2,464 SF

View details

Renovated Duplex

425 Boston Pl, Toledo, OH 43610

$169,900

2,488 SF

View details

Corner Storefront Retail Building

2402 Aberdeen Avenue, Toledo, OH 43614

$195,000

2,296 SF

View details

Corner Restaurant Property

840 Summit St, Toledo, OH 43604

$235,000

4,213 SF

View details

Duplex with Carriage House

2479 Parkwood Ave, Toledo, OH 43620

$168,000

3,640 SF

View details

Freestanding Auto Glass Retail NNN

5472 Monroe St, Toledo, OH 43623

$695,000

2,890 SF

View details

Duplex With Separate Utilities

1836 Strathmoor Ave, Toledo, OH 43614

$172,900

2,270 SF

View details

Frequently Asked Questions

What type of property is this?

Self service car wash - 2,970 SF car wash built in 1971 with self-service bays, coin-paid vacuums, and four vending towers on 0.1837 acres.

Where is this self service car wash located?

The property is located at 3562 Lagrange St Toledo, OH.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 2,970 SF self‑service car wash built in 1971 on 0.1837 acres; Features two self‑service bays and one automatic bay (automatic bay currently out of commission for repairs); Automatic bay accepts coin and card; includes on‑site coin‑paid vacuums