Dual-Format Conveyor Car
For Sale
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5403 Northfield Road, Cleveland, OH 44146
Automated wash facility offering customers a choice between soft-cloth and no-touch service.
Property Size4,800 SF
Price / SF$312.50
Days on Market60
Property Features for 5403 Northfield Road
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Special Purpose
Occupancy
100%
Investment Type
Owner/User
Additional Details
Car Wash Bays
1
Amenities
dual-format conveyor tunnel
Building Details
Year Built
1962
Year Renovated
2020
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #C32060
(949) 942-6585
Source:
Crexi
Added: Aug 18
Changed: Oct 15
Last Checked: Oct 14 at 9:22PM
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 ParaSell Inc
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Investment Insights
Based on property information with market context.
The property is an automotive wash facility measuring 4,800 square feet and built in 1962. Its primary improvement is a brand-new conveyor tunnel configured for two wash formats, allowing customers to select either soft cloth or no-touch service at the point of sale.
The dual-format equipment provides two distinct service options within one automated wash operation. The property is located at 5403 Northfield Road, Ohio 44146.
The dual-format equipment provides two distinct service options within one automated wash operation. The property is located at 5403 Northfield Road, Ohio 44146.
Key Highlights
- 4,800 SF car wash facility built in 1962
- Brand‑new dual‑format conveyor tunnel
- Customers can select soft cloth or no‑touch washing at point of sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,264
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,280
$1.2M
Cap Rate 7%
$860,914
$860.9K
Cap Rate 9%
$669,600
$669.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$86.4K $18.00/SF
− Vacancy
−$6.0K −$1.26/SF
EGI
$80.4K $16.74/SF
− OpEx
−$20.1K −$4.19/SF
NOI
$60.3K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,280
Cap Rate 7%
$860,914
Cap Rate 9%
$669,600
Alternative Uses
Best Use
Specialty Retail
$860.9K
$753.3K – $1.00M
NOI $60,264 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,995 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Car wash - Automated wash facility offering customers a choice between soft-cloth and no-touch service.
Where is this car wash located?
The property is located at 5403 Northfield Road Cleveland, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,800 SF car wash facility built in 1962; Brand‑new dual‑format conveyor tunnel; Customers can select soft cloth or no‑touch washing at point of sale
