Self-Service Car Wash
3562 Lagrange St Toledo, OH 43608
3562 Lagrange St, Toledo, OH, 43608
$275,000
For Sale
$275,000
2,970 SF car wash built in 1971 with self-service bays, coin-paid vacuums, and four vending towers on 0.1837 acres.
Property Size2,970 SF
Lot Size0.18 Acres
Price / SF$92.59
Days on Market18
Property Features for 3562 Lagrange St
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Lot size
- 0.18 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing agency
SVN | Ascension Commercial Realty
(419) 766-9988
Listed by
Ali Sayed · License #OH #2022003059
(419) 766-9988
Source
Svn-acre
Added: Jul 4 Updated: Jul 21 at 1:10AM Checked: Jul 21 at 5:17AM
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 Commercial Realty
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $10.80 |
| − Vacancy | −$1.9k | −$0.65 |
| EGI | $30.2k | $10.15 |
| − OpEx | −$7.5k | −$2.54 |
| NOI | $22.6k | $7.61 |
2,970 SF · lease $10.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$323.1K
$282.7K – $376.9K
NOI $22,614 @ 7.0% cap · market cap 8.22%
Second Best
Retail
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$494.3K
$432.5K – $576.7K
NOI $34,599 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
B K Car ...
Car Wash
Similar For Sale Nearby
FAQs
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 $275,000.
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
