Self-Service Car Wash with Automatic
New
For Sale
$1,196,000
4105 & 4107 Gordon Dr Sioux, Sioux City, IA 51106
Gordon Drive property with six self-service and two automatic wash bays.
Property Size5,198 SF
Days on Market2
Property Features for 4105 & 4107 Gordon Dr Sioux
General Information
Standard status
Active
Size
5,198 SF
Property subtype
Big Box Retail
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Car Wash Bays
8
Amenities
vacuum stations
Building Details
Building Size
5,198 SF
Year Built
2000
Listing Agency:
NAI United
(712) 204-6261
Listed By:
Chris Bogenrief, SIOR, CCIM, MBA · License #B43451000
(712) 204-6261
Source:
Thebrokerlist
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 3:04AM
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 NAI United
Investment Insights
Based on property information with market context.
Located at 4105 & 4107 Gordon Dr in Sioux City, Iowa, this 2000-built car wash includes six self-service bays and two automatic wash bays. Each bay is approximately 320 SF with 12-foot clear height, and 10' x 10' garage doors provide access from both ends. Four vacuum stations are distributed across the property.
The site fronts Gordon Drive near BUS HWY 20, with nearly 17,000 vehicles passing daily. Existing bay dimensions and access points also support consideration of alternative automotive or commercial configurations, subject to applicable approvals.
The site fronts Gordon Drive near BUS HWY 20, with nearly 17,000 vehicles passing daily. Existing bay dimensions and access points also support consideration of alternative automotive or commercial configurations, subject to applicable approvals.
Key Highlights
- Six self‑service bays and 2 automatic wash bays
- Each bay is roughly 320 SF with 12' clear height
- 10' x 10' garage doors on both ends of each bay
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
$54,676
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
4.57%
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%
$1,093,520
$1.1M
Cap Rate 7%
$781,086
$781.1K
Cap Rate 9%
$607,511
$607.5K
Market Conditions
NOI Build-Up for 5,198 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
$78.0K $15.00/SF
− Vacancy
−$5.1K −$0.98/SF
EGI
$72.9K $14.03/SF
− OpEx
−$18.2K −$3.51/SF
NOI
$54.7K $10.52/SF
Area
Woodbury County, IA
Vacancy
6.50%
Lease Rate
$15.00 /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%
$1,093,520
Cap Rate 7%
$781,086
Cap Rate 9%
$607,511
Alternative Uses
Best Use
Specialty Retail
$781.1K
$683.5K – $911.3K
NOI $54,676 @ 7.0% cap · market cap 4.57%
Second Best
Retail
$736.7K
$644.7K – $859.5K
NOI $51,572 @ 7.0% cap · market cap 4.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Gordon Drive property with six self-service and two automatic wash bays.
Where is this self service car wash located?
The property is located at 4105 & 4107 Gordon Dr Sioux Sioux City, IA.
What is the asking price?
The asking price for this property is $1,196,000.
What are key features of this property?
This property features: Six self‑service bays and 2 automatic wash bays; Each bay is roughly 320 SF with 12' clear height; 10' x 10' garage doors on both ends of each bay
