Car and Dog Wash
For Sale
$225,000
50 Eastside Rd, Platteville, WI 53818
High-visibility car and dog wash near highway, hospital, and retail.
Property Size2,420 SF
Price / SF$92.98
Days on Market109
Property Features for 50 Eastside Rd
General Information
Standard status
Active
Size
2,420 SF
Taxes and HOA fees
Annual Taxes
$4,560
Listing Agency:
Fisher Realty Group, LLC
(608) 778-4166
Listed By:
Kimberly Zeitler · License #5837490
(608) 778-4166
Source:
Exprealty
Added: May 8
Changed: Aug 23
Last Checked: Aug 22 at 9:03AM
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 Fisher Realty Group, LLC
Investment Insights
Based on property information with market context.
This property, currently operating as a car and dog wash, is situated in a high-visibility location near the highway, hospital, and retail shopping areas. The sale includes the land and building, offering an opportunity to establish a new business. The building has a size of 2420 square feet.
Key Highlights
- High visibility location near highway, hospital, and retail shopping.
- Land and building included in the sale.
- Opportunity to build a new business.
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
$14,225
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
6.32%
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%
$284,500
$284.5K
Cap Rate 7%
$203,214
$203.2K
Cap Rate 9%
$158,056
$158.1K
Market Conditions
NOI Build-Up for 2,420 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
$21.8K $9.00/SF
− Vacancy
−$1.5K −$0.60/SF
EGI
$20.3K $8.40/SF
− OpEx
−$6.1K −$2.52/SF
NOI
$14.2K $5.88/SF
Area
Grant County, WI
Vacancy
6.70%
Lease Rate
$9.00 /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%
$284,500
Cap Rate 7%
$203,214
Cap Rate 9%
$158,056
Alternative Uses
Best Use
Specialty Retail
$478.8K
$419.0K – $558.6K
NOI $33,518 @ 7.0% cap · market cap 14.90%
Second Best
Retail
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 13.90%
Theoretical Best
Office A
$670.0K
$586.2K – $781.6K
NOI $46,897 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Groceries 32%
Dining 11%
Shops & Services 9%
Blain's Farm & Fleet
Apparel
25,164 visits/mo
0.4 miles
Aldi
Groceries
17,931 visits/mo
0.4 miles
Taco John's
Dining
5,967 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,547 visits/mo
0.3 miles
Ashley
Home Improvements & Furnishings
1,219 visits/mo
0.3 miles
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - High-visibility car and dog wash near highway, hospital, and retail.
Where is this car wash located?
The property is located at 50 Eastside Rd Platteville, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High visibility location near highway, hospital, and retail shopping.; Land and building included in the sale.; Opportunity to build a new business.
