Turnkey Car Wash
For Sale
$570,000
504 W Front Avenue, Joliet, MT 59041
Newer, well-maintained car wash in Joliet, Montana offered turnkey and positioned on a main travel route.
Property Size1,800 SF
Price / SF$316.67
Days on Market50
Property Features for 504 W Front Avenue
General Information
Standard status
Active
Size
1,800 SF
Zoning
Other
Financials
Cap Rate
9.5%
Business Included
Yes
Building Details
Building Size
1,800 SF
Year Built
2017
Stories
1
Listing Agency:
Real Estate Hub LLLP
(406) 671-1441
Listed By:
Drew Hedrick · License #RRE-BRO-LIC-108537
Source:
Purewestrealestate
Added: Jul 3
Changed: Aug 7
Last Checked: Aug 20 at 5:48AM
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 Real Estate Hub LLLP
Investment Insights
Based on property information with market context.
This turnkey car wash property offers a newer, “impeccably maintained” facility presented in immaculate condition for immediate operations. The listing is offered for sale as a complete investment, suitable for investors or owner-operators seeking a low-maintenance setup. The asset is described as a modern car wash with an emphasis on turnkey execution.
Located at 504 W Front Avenue in Joliet, Montana, the property is positioned on a main travel route leading to Yellowstone National Park. The remarks cite strong visibility and steady local traffic, along with seasonal tourism impacts associated with travel to the park.
The offering is presented as a cash-flowing investment, with the listing stating an approximate 9.5 cap rate. It is also described as benefitting from continued regional growth in the Red Lodge, Joliet, and Roberts areas, supporting an ongoing demand backdrop. For a buyer looking for a car wash that can be acquired and operated as-is, this provides a turnkey path tied to its location on a primary travel corridor.
Located at 504 W Front Avenue in Joliet, Montana, the property is positioned on a main travel route leading to Yellowstone National Park. The remarks cite strong visibility and steady local traffic, along with seasonal tourism impacts associated with travel to the park.
The offering is presented as a cash-flowing investment, with the listing stating an approximate 9.5 cap rate. It is also described as benefitting from continued regional growth in the Red Lodge, Joliet, and Roberts areas, supporting an ongoing demand backdrop. For a buyer looking for a car wash that can be acquired and operated as-is, this provides a turnkey path tied to its location on a primary travel corridor.
Key Highlights
- 2017‑built car wash business in Joliet, Montana
- Offered at $600,000
- Approx. 9.5 cap rate reported on the 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
$21,433
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
3.76%
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%
$428,660
$428.7K
Cap Rate 7%
$306,186
$306.2K
Cap Rate 9%
$238,144
$238.1K
Market Conditions
NOI Build-Up for 1,800 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
$29.2K $16.20/SF
− Vacancy
−$583 −$0.32/SF
EGI
$28.6K $15.88/SF
− OpEx
−$7.1K −$3.97/SF
NOI
$21.4K $11.91/SF
Area
Carbon County, MT
Vacancy
2.00%
Lease Rate
$16.20 /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%
$428,660
Cap Rate 7%
$306,186
Cap Rate 9%
$238,144
Alternative Uses
Best Use
Specialty Retail
$306.2K
$267.9K – $357.2K
NOI $21,433 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Demographics for 59041, MT
2,034
Population
904
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
98%
High-School Grad
191.5 sq mi
ZIP Area
11
Density / Sq Mi
$77,442
Median Household Income
$36,304
Median Earnings
$1,163
Median Rent
$325,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Newer, well-maintained car wash in Joliet, Montana offered turnkey and positioned on a main travel route.
Where is this car wash located?
The property is located at 504 W Front Avenue Joliet, MT.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2017‑built car wash business in Joliet, Montana; Offered at $600,000; Approx. 9.5 cap rate reported on the business
