Self Service Car Wash with Automatic
For Sale
Contact for pricing
4401 Saint Johns Avenue, Palatka, FL 32177
Self-serve car wash on five acres with six self-serve bays, two automatic bays, and eight vacuum stations.
Property Size7,557 SF
Lot Size5.00 Acres
Price / SF$244.81
Days on Market55
Property Features for 4401 Saint Johns Avenue
General Information
Standard status
Active
Size
7,557 SF
Class
A
Lot size
5.00 Acres
Property subtype
Special Purpose, Business for Sale
Zoning
commercial
Investment Type
Owner/User
Net Operating Income
$318,566
Additional Details
Car Wash Bays
8
Amenities
vacuum stations
vending
Building Details
Year Built
2004
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY
Listed By:
David Washington · License #SL3164865
(407) 579-1981
Source:
Crexi
Added: Jul 24
Changed: Aug 16
Last Checked: Sep 15 at 8:20AM
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 CHARLES RUTENBERG REALTY
Investment Insights
Based on property information with market context.
Self service car wash facility located on five acres across two parcels, with room to expand. The wash features six self-serve bays and two automatic bays, along with a recently installed New PDQ Surfline Tandem. Eight vacuum stations and vending are available on site.
Built in 2004, the property is positioned in a growing area and is described as the only touch-free, self-serve wash in the area. A new motorsports complex is being built a few miles down the street.
The combination of multiple bay types, vacuum stations, and on-site vending is designed to support strong day-to-day throughput and repeat customer use, while the two-parcel site provides additional space for future growth.
Built in 2004, the property is positioned in a growing area and is described as the only touch-free, self-serve wash in the area. A new motorsports complex is being built a few miles down the street.
The combination of multiple bay types, vacuum stations, and on-site vending is designed to support strong day-to-day throughput and repeat customer use, while the two-parcel site provides additional space for future growth.
Key Highlights
- Five acres across two parcels with room to expand
- Six self‑serve bays plus two automatic bays
- New PDQ Surfline Tandem installed
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
$86,690
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
4.69%
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%
$1,733,800
$1.7M
Cap Rate 7%
$1,238,429
$1.2M
Cap Rate 9%
$963,222
$963.2K
Market Conditions
NOI Build-Up for 7,557 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
$129.7K $17.16/SF
− Vacancy
−$5.8K −$0.77/SF
EGI
$123.8K $16.39/SF
− OpEx
−$37.2K −$4.92/SF
NOI
$86.7K $11.47/SF
Area
Putnam County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$1,733,800
Cap Rate 7%
$1,238,429
Cap Rate 9%
$963,222
Alternative Uses
Best Use
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,690 @ 7.0% cap · market cap 4.69%
Second Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,819 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,764 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 32177, FL
25,380
Population
11,549
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
86%
High-School Grad
226.8 sq mi
ZIP Area
112
Density / Sq Mi
$47,486
Median Household Income
$35,451
Median Earnings
$940
Median Rent
$158,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Self-serve car wash on five acres with six self-serve bays, two automatic bays, and eight vacuum stations.
Where is this self service car wash located?
The property is located at 4401 Saint Johns Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Five acres across two parcels with room to expand; Six self‑serve bays plus two automatic bays; New PDQ Surfline Tandem installed
