Self-Service Car Wash with Enclosed
For Sale
$200,000
3740 Easton Blvd, Des Moines, IA 50317
Automotive service property with wash equipment, vacuum areas, and convenient in-and-out access.
Property Size3,275 SF
Price / SF$61.07
Days on Market243
Property Features for 3740 Easton Blvd
General Information
Standard status
Active
Size
3,275 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
multiple wash bays
enclosed bays
vacuum/service areas
Building Details
Year Built
1964
Listing Agency:
RE/MAX Precision
Listed By:
Beatris Mayorga (515) 612-2702 · License #S66769000
(515) 612-2702
Source:
Desmoineshomesforsale
Added: Feb 12
Changed: Oct 1
Last Checked: Oct 12 at 8:13PM
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 RE/MAX Precision
Investment Insights
Based on property information with market context.
This self-service car wash occupies a 3,275 SF property built in 1964 and includes multiple enclosed wash bays, self-service equipment, and dedicated vacuum and service areas. The recently replaced roof adds a current building improvement to the existing automotive-use configuration.
Located at 3740 Easton Boulevard in Des Moines, the property provides direct access from Easton Boulevard with visibility near east-side residential and commuter corridors. The operation has served the Des Moines metro for more than 40 years, supporting an established local presence. Its combination of wash infrastructure, enclosed bays, and vehicle-access features suits continued car wash use.
Located at 3740 Easton Boulevard in Des Moines, the property provides direct access from Easton Boulevard with visibility near east-side residential and commuter corridors. The operation has served the Des Moines metro for more than 40 years, supporting an established local presence. Its combination of wash infrastructure, enclosed bays, and vehicle-access features suits continued car wash use.
Key Highlights
- 3,275 SF self‑service car wash property
- Multiple enclosed wash bays with self‑service equipment
- Dedicated vacuum and service areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,428
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,560
$268.6K
Cap Rate 7%
$191,829
$191.8K
Cap Rate 9%
$149,200
$149.2K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$20.8K $6.36/SF
− Vacancy
−$1.6K −$0.50/SF
EGI
$19.2K $5.86/SF
− OpEx
−$5.8K −$1.76/SF
NOI
$13.4K $4.10/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,560
Cap Rate 7%
$191,829
Cap Rate 9%
$149,200
Alternative Uses
Best Use
Specialty Retail
$554.1K
$484.9K – $646.5K
NOI $38,789 @ 7.0% cap · market cap 19.39%
Second Best
Retail
$454.4K
$397.6K – $530.1K
NOI $31,808 @ 7.0% cap · market cap 15.90%
Theoretical Best
Office A
$806.6K
$705.8K – $941.0K
NOI $56,460 @ 7.0% cap · market cap 28.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 50317, IA
37,221
Population
15,193
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
87%
High-School Grad
22.1 sq mi
ZIP Area
1,684
Density / Sq Mi
$61,569
Median Household Income
$36,641
Median Earnings
$1,079
Median Rent
$165,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Des Moines, IA
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Frequently Asked Questions
What type of property is this?
Self service car wash - Automotive service property with wash equipment, vacuum areas, and convenient in-and-out access.
Where is this self service car wash located?
The property is located at 3740 Easton Blvd Des Moines, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 3,275 SF self‑service car wash property; Multiple enclosed wash bays with self‑service equipment; Dedicated vacuum and service areas
