Listing Agency: Real Estate Hub LLLP Show Phone

Listed By: Drew Hedrick · License #RRE-BRO-LIC-108537 Show Phone

Source: Patschindele

Added: Jul 3 Changed: Oct 8 Last Checked: Oct 14 at 11:07PM

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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.

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 / Yr

$21,433

Cap Rate

3.76%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $21,433 @ 7.0% cap · market cap 3.76%

Second Best

Retail

$263.3K

$230.4K – $307.1K (±1% cap)

NOI $18,428 @ 7.0% cap · market cap 3.23%

Theoretical Best

Office A

$392.7K

$343.7K – $458.2K (±1% cap)

NOI $27,492 @ 7.0% cap · market cap 4.82%

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

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 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 - 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