Car Wash with Leased Pole
For Sale
$999,900
508 S Division St, Bristol, IN 46507
Operating wash facility combines automatic and self-service functions with additional leased space.
Property Size2,880 SF
Price / SF$347.19
Days on Market49
Property Features for 508 S Division St
General Information
Standard status
Active
Size
2,880 SF
Additional Details
Business Included
Yes
Car Wash Bays
4
Building Details
Year Built
2004
Buildings
2
Listing Agency:
Myers Trust Real Estate
Listed By:
Andrew Myers · License #RB14031728
(574) 320-1214
Source:
Spencerchildersgroup
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 5:31PM
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 Myers Trust Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,880-square-foot car wash property was built in 2004 and includes multiple customer service components. The site has one automatic wash bay, three self-service bays, and two vacuum stations, providing a mix of automated and customer-operated washing options.
An additional pole building is part of the property and is currently leased, adding a separate income-producing component to the operating car wash. The property is located at 508 S Division St in Bristol, Indiana.
An additional pole building is part of the property and is currently leased, adding a separate income-producing component to the operating car wash. The property is located at 508 S Division St in Bristol, Indiana.
Key Highlights
- One automatic wash bay
- Three self‑service wash bays
- Two vacuum stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,325
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,500
$746.5K
Cap Rate 7%
$533,214
$533.2K
Cap Rate 9%
$414,722
$414.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$51.8K $18.00/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$49.8K $17.28/SF
− OpEx
−$12.4K −$4.32/SF
NOI
$37.3K $12.96/SF
Area
Elkhart County, IN
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,500
Cap Rate 7%
$533,214
Cap Rate 9%
$414,722
Alternative Uses
Best Use
Specialty Retail
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$528.1K
$462.1K – $616.1K
NOI $36,965 @ 7.0% cap · market cap 3.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Marathon
Shops & Services
6,328 visits/mo
0.4 miles
Phillips 66
Shops & Services
5,036 visits/mo
0.4 miles
REBEL Convenience Store
Shops & Services
2,837 visits/mo
0.4 miles
KeyBank
Shops & Services
2,036 visits/mo
0.4 miles
SUBWAY
Dining
1,777 visits/mo
0.4 miles
Demographics for 46507, IN
9,371
Population
3,966
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
40.4 sq mi
ZIP Area
232
Density / Sq Mi
$88,510
Median Household Income
$40,929
Median Earnings
$1,065
Median Rent
$231,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Operating wash facility combines automatic and self-service functions with additional leased space.
Where is this car wash located?
The property is located at 508 S Division St Bristol, IN.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: One automatic wash bay; Three self‑service wash bays; Two vacuum stations
