Tunnel Car Wash
For Sale
$2,000,000
43 Foster Ave, Pittsburgh, PA 15205
Fully functional tunnel car wash with automated payment systems, plus office, storage, and detailing/service areas.
Property Size5,400 SF
Days on Market54
Property Features for 43 Foster Ave
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Retail
Building Details
Building Size
5,400 SF
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 715-4160
Listed By:
Grant Underwood · License ##RM424399
Source:
Svn
Added: Jun 29
Changed: Aug 21
Last Checked: Aug 21 at 4:42AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
43 Foster Ave presents a well-established, fully functional tunnel car wash built around an automated wash tunnel and updated payment systems. The property also includes additional office equipment, storage, and dedicated detailing/service areas to support in-bay and after-wash needs.
Located in the Crafton/Ingram retail corridor and minutes from Downtown Pittsburgh, the site offers convenient access to major routes including Route 60 and Interstates I-376 and I-79. This positioning supports visibility and ease of approach for motorists traveling through the area.
For operators and investors seeking a turnkey car wash business with operational improvements already in place, the combination of an automated tunnel, updated payment functionality, and on-site service and support space is designed to handle day-to-day workflow. The inclusion of office and storage areas further supports managing staffing and supplies without requiring external space.
Located in the Crafton/Ingram retail corridor and minutes from Downtown Pittsburgh, the site offers convenient access to major routes including Route 60 and Interstates I-376 and I-79. This positioning supports visibility and ease of approach for motorists traveling through the area.
For operators and investors seeking a turnkey car wash business with operational improvements already in place, the combination of an automated tunnel, updated payment functionality, and on-site service and support space is designed to handle day-to-day workflow. The inclusion of office and storage areas further supports managing staffing and supplies without requiring external space.
Key Highlights
- Fully functional tunnel car wash
- Automated wash tunnel with updated payment systems
- Includes office equipment and office space
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
$73,094
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
3.65%
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%
$1,461,880
$1.5M
Cap Rate 7%
$1,044,200
$1.0M
Cap Rate 9%
$812,156
$812.2K
Market Conditions
NOI Build-Up for 5,400 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
$103.7K $19.20/SF
− Vacancy
−$6.2K −$1.15/SF
EGI
$97.5K $18.05/SF
− OpEx
−$24.4K −$4.51/SF
NOI
$73.1K $13.54/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$1,461,880
Cap Rate 7%
$1,044,200
Cap Rate 9%
$812,156
Alternative Uses
Best Use
Specialty Retail
$1.04M
$913.7K – $1.22M
NOI $73,094 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$899.1K
$786.7K – $1.05M
NOI $62,937 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,385 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 15205, PA
23,594
Population
12,241
Households
1.9
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,017
Density / Sq Mi
$70,954
Median Household Income
$47,785
Median Earnings
$1,166
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Fully functional tunnel car wash with automated payment systems, plus office, storage, and detailing/service areas.
Where is this car wash located?
The property is located at 43 Foster Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully functional tunnel car wash; Automated wash tunnel with updated payment systems; Includes office equipment and office space
