Self-Serve Car Wash
For Sale
$199,900
60 Youngstown Warren Rd, Niles, OH 44446
Self-serve car wash with multiple wash bays, vacuum stations, and ample paved surface on US 422.
Property Size3,500 SF
Price / SF$57.11
Days on Market325
Property Features for 60 Youngstown Warren Rd
General Information
Standard status
Active
Size
3,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,675
Listing Agency:
Altobelli Real Estate
Listed By:
Jason J Altobelli · License #443779
(330) 652-0200
Source:
Exprealty
Added: Oct 17, 2025
Changed: Aug 20
Last Checked: Sep 5 at 1:27PM
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 Altobelli Real Estate
Investment Insights
Based on property information with market context.
This self-serve car wash property includes a 3,500-square-foot building designed for washing operations, along with multiple wash bays and vacuum stations. The site also provides ample paved surface area to support day-to-day customer use and circulation.
Located on US 422 at 60 Youngstown Warren Rd, Niles, OH, the property benefits from proximity to major retail and commercial activity, with access designed for practical ingress and egress.
In addition to its current car-wash configuration, the wide lot and layout offer flexibility for future reconfiguration. With modifications, the site could be adapted to serve a contractor, service company, or trades business needing space to park trucks, equipment, or service vehicles.
Located on US 422 at 60 Youngstown Warren Rd, Niles, OH, the property benefits from proximity to major retail and commercial activity, with access designed for practical ingress and egress.
In addition to its current car-wash configuration, the wide lot and layout offer flexibility for future reconfiguration. With modifications, the site could be adapted to serve a contractor, service company, or trades business needing space to park trucks, equipment, or service vehicles.
Key Highlights
- Well‑established self‑serve car wash on busy US 422 with steady traffic and repeat customers
- 3,500 SF building with multiple wash bays
- Includes vacuum stations for self‑serve operation
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
$14,382
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
7.19%
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%
$287,640
$287.6K
Cap Rate 7%
$205,457
$205.5K
Cap Rate 9%
$159,800
$159.8K
Market Conditions
NOI Build-Up for 3,500 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
$22.4K $6.41/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$20.5K $5.87/SF
− OpEx
−$6.2K −$1.76/SF
NOI
$14.4K $4.11/SF
Area
Trumbull County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$287,640
Cap Rate 7%
$205,457
Cap Rate 9%
$159,800
Alternative Uses
Best Use
Specialty Retail
$538.9K
$471.5K – $628.7K
NOI $37,721 @ 7.0% cap · market cap 18.87%
Second Best
Retail
$482.8K
$422.5K – $563.3K
NOI $33,798 @ 7.0% cap · market cap 16.91%
Theoretical Best
Office A
$664.3K
$581.3K – $775.0K
NOI $46,502 @ 7.0% cap · market cap 23.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 43%
Home Improvements & Furnishings 8%
Apparel 4%
McDonald's
Dining
20,121 visits/mo
0.2 miles
Dunkin' Donuts
Dining
14,145 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,036 visits/mo
0.1 miles
Dollar General
Shops & Services
8,385 visits/mo
0.1 miles
BP
Shops & Services
6,855 visits/mo
0.2 miles
Demographics for 44446, OH
20,173
Population
10,476
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
14.0 sq mi
ZIP Area
1,441
Density / Sq Mi
$49,779
Median Household Income
$35,596
Median Earnings
$786
Median Rent
$108,800
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 - Self-serve car wash with multiple wash bays, vacuum stations, and ample paved surface on US 422.
Where is this self service car wash located?
The property is located at 60 Youngstown Warren Rd Niles, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Well‑established self‑serve car wash on busy US 422 with steady traffic and repeat customers; 3,500 SF building with multiple wash bays; Includes vacuum stations for self‑serve operation
