Established Car Wash Business
434 Frebis Avenue, Columbus, OH 43206
Operating car wash in Marion Village near High St.
Type:Mixed Use
Property size:
1,950 SFPrice / SF:
$202/SF- Added:
- Jul 18, 2024
- Days on Market:
- 685
- Last Refresh:
- May 12 at 9:11 pm
Property Features for 434 Frebis Avenue
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2002
Listing agent Steve Beaver License #2003001721
Listing office RE/MAX Revealty
Listing date Jul 18, 2024
Source Crexi
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 RE/MAX Revealty
HighLights
- Prime location in Marion Village, minutes from High St., I‑71, and State Route 104
- Significant development opportunity: convert the existing structure or build a new building
- Established business since 2002 with updated equipment
- Potential for owner financing
- Existing maintenance personnel available to stay
- Includes vending machines for car accessories and cleaning supplies
Overview
This property, operating as a car wash since 2002, is located in Marion Village. The car wash features updated equipment and includes vending machines for car accessories and cleaning supplies. Maintenance personnel are in place and available to stay on if needed. The property presents a potential development opportunity. It is situated minutes from High Street, I-71, and State Route 104, and less than 20 minutes from Downtown Columbus. A COTA bus stop is located next to the property. The property size is 1950 square feet.
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 | $37.4k | $19.20 |
| − Vacancy | −$2.6k | −$1.34 |
| EGI | $34.8k | $17.86 |
| − OpEx | −$8.7k | −$4.46 |
| NOI | $26.1k | $13.39 |
1,950 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$373.1K
$326.4K – $435.2K
NOI $26,114 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$406.4K
$355.6K – $474.1K
NOI $28,447 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Car Wash
Car Wash
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9844005
- Latitude
- 39.9357376
Nearby Similar for Sale
FAQs
What type of property is this?
Car wash - Operating car wash in Marion Village near High St.
Where is this car wash located?
The property is located at 434 Frebis Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime location in Marion Village, minutes from High St., I‑71, and State Route 104; Significant development opportunity: convert the existing structure or build a new building; Established business since 2002 with updated equipment
