Self-Service Car Wash with Enclosed
For Sale
$250,000
5069 Fenton Rd, Flint, MI 48507
Established wash operation with upgraded utilities, multiple wash configurations, and room for complementary vehicle services.
Property Size3,006 SF
Price / SF$83.17
Days on Market22
Property Features for 5069 Fenton Rd
General Information
Standard status
Active
Size
3,006 SF
Site & Location
Traffic Count
17,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Additional Details
Car Wash Bays
6
Taxes and HOA fees
Annual Taxes
$8,501
Amenities
card readers
five vacuum stations
dual change machines
upgraded 400-amp 3-phase electrical service
weep system
floor heat with boiler
domestic water boiler for hot-water wash
reverse-osmosis system for spot-free rinse
LED lighting
private well
newer roof
Listing Agency:
Real Estate by Tremaine
Listed By:
Sheila Johnson Toins
(810) 255-1767
Source:
Exprealty
Added: Aug 12
Changed: Sep 1
Last Checked: Sep 1 at 9:03PM
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 by Tremaine
Investment Insights
Based on property information with market context.
This established self-service car wash occupies a 3,006-square-foot facility at 5069 Fenton Rd in Flint, Michigan. The operation includes five open wash bays with card readers, five vacuum stations, and two change machines. A sixth enclosed bay with doors can support an in-bay automatic wash, hand washing, detailing, or another vehicle-related service.
Property infrastructure includes upgraded 400-amp, 3-phase electrical service, floor heating with boiler, a domestic water boiler for hot-water washing, a reverse-osmosis system for spot-free rinsing, LED lighting, a private well, and a newer roof. A weep system is designed to help prevent freezing during winter operations. The site is positioned on Fenton Road between Hill and Maple Roads along a commercial corridor carrying approximately 17, 000 vehicles per day. The large lot also provides space for possible expansion and complementary services, including EV charging stations.
Property infrastructure includes upgraded 400-amp, 3-phase electrical service, floor heating with boiler, a domestic water boiler for hot-water washing, a reverse-osmosis system for spot-free rinsing, LED lighting, a private well, and a newer roof. A weep system is designed to help prevent freezing during winter operations. The site is positioned on Fenton Road between Hill and Maple Roads along a commercial corridor carrying approximately 17, 000 vehicles per day. The large lot also provides space for possible expansion and complementary services, including EV charging stations.
Key Highlights
- Five self‑service/open wash bays equipped with card readers
- Sixth enclosed bay with doors for automatic washing, hand washing, or detailing
- Five vacuum stations and dual change machines
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
$17,025
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
6.81%
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%
$340,500
$340.5K
Cap Rate 7%
$243,214
$243.2K
Cap Rate 9%
$189,167
$189.2K
Market Conditions
NOI Build-Up for 3,006 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
$27.1K $9.00/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$24.3K $8.09/SF
− OpEx
−$7.3K −$2.43/SF
NOI
$17.0K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
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%
$340,500
Cap Rate 7%
$243,214
Cap Rate 9%
$189,167
Alternative Uses
Best Use
Retail
$445.8K
$390.1K – $520.1K
NOI $31,205 @ 7.0% cap · market cap 12.48%
Second Best
Specialty Retail
$380.8K
$333.2K – $444.2K
NOI $26,654 @ 7.0% cap · market cap 10.66%
Theoretical Best
Office A
$632.5K
$553.5K – $738.0K
NOI $44,278 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Established wash operation with upgraded utilities, multiple wash configurations, and room for complementary vehicle services.
Where is this self service car wash located?
The property is located at 5069 Fenton Rd Flint, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five self‑service/open wash bays equipped with card readers; Sixth enclosed bay with doors for automatic washing, hand washing, or detailing; Five vacuum stations and dual change machines
