Building Details

Floors in Building 1

Listing Agency: Kesterson Realty Inc Show Phone

Listed By: Stephanie Bishop · License #S63299 Show Phone

Added: Aug 28 Last Checked: Oct 15 at 11:06AM

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MLS# 30202

Copyright © 2026 Fort Dodge Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This car wash property in Duncombe, Iowa, contains 1,800 square feet and combines an indoor wash bay with a separate outdoor bay. The layout accommodates different vehicle-service formats and includes a vacuum station along with washer and dryer hookups. A 12-foot-wide by 10-foot-high overhead door supports vehicle access, while the property’s wash facilities are designed for year-round operation.

The site encompasses 0.12 acres at 502 Main St. in Webster County. Its configuration brings together washing, vacuuming, and potential laundry-related services within a compact automotive property.

Key Highlights

• 1,800‑square‑foot car wash property
• One indoor wash bay and one outdoor wash bay
• 12 ft. wide by 10 ft. high overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,485

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,700 $169.7K

Cap Rate 7%

$121,214 $121.2K

Cap Rate 9%

$94,278 $94.3K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$13.2K $7.32/SF

− Vacancy

−$1.1K −$0.59/SF

EGI

$12.1K $6.73/SF

− OpEx

−$3.6K −$2.02/SF

NOI

$8.5K $4.71/SF

Area

Webster County, IA

Vacancy

8.00%

Lease Rate

$7.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,700

Cap Rate 7%

$121,214

Cap Rate 9%

$94,278

Alternative Uses

Best Use

Specialty Retail

$273.3K

$239.2K – $318.9K (±1% cap)

NOI $19,134 @ 7.0% cap · market cap 14.83%

Second Best

Retail

$266.9K

$233.6K – $311.4K (±1% cap)

NOI $18,686 @ 7.0% cap · market cap 14.49%

Theoretical Best

Office A

$324.4K

$283.8K – $378.4K (±1% cap)

NOI $22,706 @ 7.0% cap · market cap 17.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Car washes

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Kitchen & Bath Showroom Garden Center Pet Store & Service Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 50532, IA

952

Population

397

Households

2.4

Avg Household Size

44

Median Age

12%

College-Educated

95%

High-School Grad

75.4 sq mi

ZIP Area

13

Density / Sq Mi

$65,000

Median Household Income

$27,450

Median Earnings

$663

Median Rent

$169,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this car washes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Car wash - Includes a vacuum station, washer and dryer hookups, and an overhead door for flexible customer service.

Where is this car wash located?

The property is located at 502 Main St. Duncombe, IA.

What is the asking price?

The asking price for this property is $129,000.

What are key features of this property?

This property features: 1,800‑square‑foot car wash property; One indoor wash bay and one outdoor wash bay; 12 ft. wide by 10 ft. high overhead door