Self-Service Car Wash
For Sale
Contact for pricing
5501 Denison Avenue, Cleveland, OH 44102
Five self-service car wash properties are offered together in Cleveland, Ohio.
Property Size3,512 SF
Price / SF$263.53
Days on Market163
Property Features for 5501 Denison Avenue
General Information
Standard status
Active
Size
3,512 SF
Property subtype
Retail, Special Purpose
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
David R. Stover · License #OH SAL.0000368792
Source:
Crexi
Added: May 6
Changed: Sep 30
Last Checked: Oct 14 at 9:01PM
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 Hanna Commercial Real Estate Cleveland
Investment Insights
Based on property information with market context.
This offering comprises five self-service car wash properties assembled as one portfolio. The asset is located at 5501 Denison Avenue in Cleveland, Ohio 44102, providing a defined address for the portfolio’s local operating footprint.
Key Highlights
- Five‑property self‑service car wash portfolio
- Self‑service automotive use
- Located at 5501 Denison Avenue, Cleveland, OH 44102
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,093
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,860
$881.9K
Cap Rate 7%
$629,900
$629.9K
Cap Rate 9%
$489,922
$489.9K
Market Conditions
NOI Build-Up for 3,512 SF
Gross rent
$63.2K $18.00/SF
− Vacancy
−$4.4K −$1.26/SF
EGI
$58.8K $16.74/SF
− OpEx
−$14.7K −$4.19/SF
NOI
$44.1K $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%
$881,860
Cap Rate 7%
$629,900
Cap Rate 9%
$489,922
Alternative Uses
Best Use
Specialty Retail
$629.9K
$551.2K – $734.9K
NOI $44,093 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$482.0K
$421.8K – $562.4K
NOI $33,742 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$857.0K
$749.9K – $999.9K
NOI $59,993 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
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 Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Five self-service car wash properties are offered together in Cleveland, Ohio.
Where is this self service car wash located?
The property is located at 5501 Denison Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $925,500.
What are key features of this property?
This property features: Five‑property self‑service car wash portfolio; Self‑service automotive use; Located at 5501 Denison Avenue, Cleveland, OH 44102
