Six-Bay Manually Operated Car
37521 Green Street New Baltimore, MI 48047
37521 Green Street, New Baltimore, MI, 48047
Contact for pricing
For Sale
Contact for pricing
Six manually operated wash bays with three coin-operated vacuums, quarter and vendor machines, on 1.05 acres.
Property Size3,866 SF
Lot Size1.05 Acres
Price / SF$153.91
Days on Market66
Property Features for 37521 Green Street
General Information
- Standard status
- Active
- Size
- 3,866 SF
- Lot size
- 1.05 Acres
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 1984
Listing agency
P.A. Commercial Corporate & Investment Real Estate
(248) 663-0506
Listed by
John Arthurs · License #MI 6501222941
Source
Crexi
Added: May 18 Updated: Jul 22 at 2:56AM Checked: Jul 22 at 2:56AM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This property is a six-bay, manually operated car wash that is described as very well maintained, with updated mechanicals. The site includes three coin-operated vacuums, along with a quarter machine and a vendor machine. The wash is listed as fully operational with an existing, consistent customer base.
The property sits on 1.05 acres and includes a fenced yard with trailer parking. The public remarks also note the location near Lake St. Clair, with access via Green Street.
The configuration supports on-site service through the six wash bays and the attached vacuum/coin machines, with fenced outdoor space accommodating trailer parking.
The property sits on 1.05 acres and includes a fenced yard with trailer parking. The public remarks also note the location near Lake St. Clair, with access via Green Street.
The configuration supports on-site service through the six wash bays and the attached vacuum/coin machines, with fenced outdoor space accommodating trailer parking.
Key Highlights
- Six manually operated car wash bays with three coin‑operated vacuums (quarter and vendor machines)
- Fully operational car wash with consistent customer base
- Very well maintained with all mechanicals updated
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 | $76.5k | $19.80 |
| − Vacancy | −$9.0k | −$2.33 |
| EGI | $67.6k | $17.47 |
| − OpEx | −$16.9k | −$4.37 |
| NOI | $50.7k | $13.11 |
3,866 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$723.8K
$633.3K – $844.4K
NOI $50,664 @ 7.0% cap · market cap 8.51%
Second Best
Retail
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anchor Bay Auto ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Self service car wash - Six manually operated wash bays with three coin-operated vacuums, quarter and vendor machines, on 1.05 acres.
Where is this self service car wash located?
The property is located at 37521 Green Street New Baltimore, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Six manually operated car wash bays with three coin‑operated vacuums (quarter and vendor machines); Fully operational car wash with consistent customer base; Very well maintained with all mechanicals updated
