Self-Service Car Wash with Automatic
New
For Sale
$499,000
6 Hoag Drive, Schroeppel, NY 13135
Operating facility combines touchless automation, heated floors, card and cash payment, and two customer vacuums.
Property Size2,280 SF
Lot Size4.00 Acres
Price / SF$216.96
Days on Market4
Property Features for 6 Hoag Drive
General Information
Standard status
Active
Size
2,280 SF
Lot size
4.00 Acres
Property subtype
Business
Additional Details
Business Included
Yes
Car Wash Bays
3
Taxes and HOA fees
Annual Taxes
$8,204
Amenities
Heated floors
PDQ LaserWash G5 touchless automatic wash
Credit card and cash acceptance
Customer vacuums
Building Details
Building Size
2,280 SF
Year Built
2005
Buildings
1
Construction
block
Abandoned
No
Listing Agency:
Howard Hanna Real Estate
Listed By:
Stephenie Leden · License #10401276340
(315) 458-9100
Source:
Griffith-realty
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 8:40PM
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 Howard Hanna Real Estate
Investment Insights
Based on property information with market context.
This operating car wash includes a 2,300-square-foot block building with three wash bays: two self-service bays and one automatic touchless bay. The automatic bay is equipped with a PDQ LaserWash G5 system, while heated floors support winter operations. Self-service equipment was replaced approximately one year ago, and the bays accept both credit cards and cash. Two customer vacuums are also provided.
The property encompasses approximately 4 acres at 6 Hoag Drive in Schroeppel, NY, within the Phoenix / Moyers Corners area. Additional land may support expansion, storage, redevelopment, or other commercial or income-producing uses, subject to zoning and municipal approvals. The existing operation is designed around automated and self-service functions, with ongoing responsibilities centered on equipment maintenance, supply replenishment, and monitoring.
The property encompasses approximately 4 acres at 6 Hoag Drive in Schroeppel, NY, within the Phoenix / Moyers Corners area. Additional land may support expansion, storage, redevelopment, or other commercial or income-producing uses, subject to zoning and municipal approvals. The existing operation is designed around automated and self-service functions, with ongoing responsibilities centered on equipment maintenance, supply replenishment, and monitoring.
Key Highlights
- Approximately 4 acres at 6 Hoag Drive in Schroeppel, NY
- 2,300 sq. ft. block building with 3 total wash bays
- 2 self‑service bays plus 1 automatic touchless bay
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
$29,746
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
5.96%
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%
$594,920
$594.9K
Cap Rate 7%
$424,943
$424.9K
Cap Rate 9%
$330,511
$330.5K
Market Conditions
NOI Build-Up for 2,300 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
$41.4K $18.00/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$39.7K $17.24/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$29.7K $12.93/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$594,920
Cap Rate 7%
$424,943
Cap Rate 9%
$330,511
Alternative Uses
Best Use
Specialty Retail
$424.9K
$371.8K – $495.8K
NOI $29,746 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$317.3K
$277.6K – $370.2K
NOI $22,210 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$458.8K
$401.4K – $535.2K
NOI $32,113 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 13135, NY
6,303
Population
2,592
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
32.0 sq mi
ZIP Area
197
Density / Sq Mi
$82,977
Median Household Income
$40,953
Median Earnings
$965
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Operating facility combines touchless automation, heated floors, card and cash payment, and two customer vacuums.
Where is this self service car wash located?
The property is located at 6 Hoag Drive Schroeppel, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 4 acres at 6 Hoag Drive in Schroeppel, NY; 2,300 sq. ft. block building with 3 total wash bays; 2 self‑service bays plus 1 automatic touchless bay
