423 N Colorado Ave, Burrton, KS 67020

Building Details

Year Built 1970 More

Year Renovated 2023 More

Units 2 More

Listing Agency: RE/MAX Associates

Listed By: M. Kaitlyn Rostetter · License KS #00247867 Show Phone

Source: Crexi

Added: Mar 2 Changed: Nov 8 Last Checked: Nov 12 at 7:20AM

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Investment Insights

Based on property information with market context.

This property features a self-serve car wash business situated in Burrton. The car wash includes two wash bays equipped with new equipment and modern pressure washers, along with vacuum stations. The property, spanning 1.38 acres, is located just off a high-traffic highway, providing exposure and customer flow. A coffee truck parking lease is in place, generating monthly income. The property offers space for future expansion or additional business opportunities. The property is suitable for automotive or retail use, or could be used as commercial land.

Key Highlights

• Prime location off a high‑traffic highway ensures exceptional exposure and strong customer flow.
• Ready‑to‑run self‑serve car wash business with all new equipment, modern pressure washers, and vacuum stations.
• Existing coffee truck parking lease generates steady monthly income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,626

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,520 $212.5K

Cap Rate 7%

$151,800 $151.8K

Cap Rate 9%

$118,067 $118.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,230 SF

Gross rent

$16.2K $13.20/SF

− Vacancy

−$1.1K −$0.86/SF

EGI

$15.2K $12.34/SF

− OpEx

−$4.6K −$3.70/SF

NOI

$10.6K $8.64/SF

Area

Harvey County, KS

Vacancy

6.50%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,520

Cap Rate 7%

$151,800

Cap Rate 9%

$118,067

Alternative Uses

Best Use

Specialty Retail

$179.3K

$156.9K – $209.2K (±1% cap)

NOI $12,553 @ 7.0% cap · market cap 9.66%

Second Best

Retail

$151.8K

$132.8K – $177.1K (±1% cap)

NOI $10,626 @ 7.0% cap · market cap 8.17%

Theoretical Best

Office A

$265.5K

$232.3K – $309.7K (±1% cap)

NOI $18,583 @ 7.0% cap · market cap 14.29%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Charger Car Wash ... Car Wash

Suggested Use

Top Pick HVAC Service Auto Repair Shop Building Supply Garden Center Grocery & Convenience Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

67

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

2,698 visits/mo 0.1 miles

Demographics for 67020, KS

1,666

Population

686

Households

2.4

Avg Household Size

43

Median Age

20%

College-Educated

88%

High-School Grad

126.6 sq mi

ZIP Area

13

Density / Sq Mi

$77,848

Median Household Income

$37,161

Median Earnings

$819

Median Rent

$116,500

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

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Frequently Asked Questions

What type of property is this?

Self service car wash - Thriving car wash business with income-generating lease and expansion potential.

Where is this self service car wash located?

The property is located at 423 N Colorado Ave Burrton, KS.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: Prime location off a high‑traffic highway ensures exceptional exposure and strong customer flow.; Ready‑to‑run self‑serve car wash business with **all new equipment**, **modern pressure washers**, and vacuum stations.; Existing coffee truck parking lease generates steady monthly income.