Turn-Key Self-Serve Car
4240 E Lake Rd Sheffield Lake, OH 44054
4240 E Lake Rd, Sheffield Lake, OH, 44054
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For Sale
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Turn-key self-serve car wash with four wash bays and four vacuum stations on Lake Road.
Property Size1,888 SF
Price / SF$95.34
Days on Market113
Property Features for 4240 E Lake Rd
General Information
- Standard status
- Active
- Size
- 1,888 SF
- Property subtype
- Special Purpose
Listing agency
Hanna Commercial Real Estate Cleveland
(216) 839-2035
Listed by
Anthony Dilallo · License #OH
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 2:08AM Checked: Jul 21 at 2:08AM
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 Hanna Commercial Real Estate Cleveland
Investment Insights
Based on property information with market context.
This turn-key self-serve car wash includes four wash bays and four vacuum stations, designed for straightforward, independent vehicle cleaning operations. The facility is offered for sale in operating condition.
The property is located on Lake Road and benefits from high visibility and traffic counts, supporting consistent drive-by exposure.
For buyers looking for an automotive-related site with established service components already in place, this configuration provides multiple bays and simultaneous vacuum use within a single self-serve facility.
The property is located on Lake Road and benefits from high visibility and traffic counts, supporting consistent drive-by exposure.
For buyers looking for an automotive-related site with established service components already in place, this configuration provides multiple bays and simultaneous vacuum use within a single self-serve facility.
Key Highlights
- Turn‑key self‑serve car wash on Lake Road
- 4 self‑serve wash bays
- 4 vacuum stations
Local Financial Insights For Industrial
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 | $10.6k | $5.61 |
| − Vacancy | −$402 | −$0.21 |
| EGI | $10.2k | $5.40 |
| − OpEx | −$3.1k | −$1.62 |
| NOI | $7.1k | $3.78 |
1,888 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$290.7K
$254.4K – $339.1K
NOI $20,348 @ 7.0% cap · market cap 11.30%
Second Best
Retail
$271.3K
$237.4K – $316.5K
NOI $18,991 @ 7.0% cap · market cap 10.55%
Theoretical Best
Office A
$475.8K
$416.3K – $555.1K
NOI $33,304 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self service car ...
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FAQs
What type of property is this?
Self service car wash - Turn-key self-serve car wash with four wash bays and four vacuum stations on Lake Road.
Where is this self service car wash located?
The property is located at 4240 E Lake Rd Sheffield Lake, OH.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Turn‑key self‑serve car wash on Lake Road; 4 self‑serve wash bays; 4 vacuum stations
