Self-Service Car Wash with Wash
For Sale
$199,900
60 Youngstown Warren Road, Niles, OH 44446
CommercialSale, Niles, OH
Property Size3,500 SF
Lot Size0.29 Acres
Price / SF$57.11
Days on Market311
Property Features for 60 Youngstown Warren Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Township/Weathersfield
Elementary school district
Niles CSD - 7818
Middle school district
Niles CSD - 7818
High school district
Niles CSD - 7818
Directions
Youngstown Warren Rd (US422) just before the Robbins Ave/Tibbetts Wick intersection
Standard status
Active
APN
24-065590
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
3 12 226.20F PT SR 422 .29A WEATH NILES CSD
Tax Annual Amount
2675
Legal Description
3 12 226.20F PT SR 422 .29A WEATH NILES CSD
Amenities
vacuum stations
Building Details
Year built
1971
Listing Agency:
Altobelli Real Estate
(330) 652-0200
Listed By:
Jason J Altobelli · License #443779
(330) 652-0200
Added: Oct 16, 2025
Changed: Aug 20
Last Checked: Aug 22 at 1:06PM
MLS# 5165609
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 3,500-square-foot building configured for self-service car wash use, with multiple wash bays, vacuum stations, and paved exterior areas. Built in 1971, the improvements occupy a 0.29-acre site and support the current automotive service operation.
Located at 60 Youngstown Warren Road in Niles, the property sits along US422 and is surrounded by retail and commercial activity. The site layout includes broad paved areas and access suited to the existing use. With modifications, the property may also accommodate a contractor, service company, or trades business requiring space for trucks, equipment, or service vehicles.
Located at 60 Youngstown Warren Road in Niles, the property sits along US422 and is surrounded by retail and commercial activity. The site layout includes broad paved areas and access suited to the existing use. With modifications, the property may also accommodate a contractor, service company, or trades business requiring space for trucks, equipment, or service vehicles.
Key Highlights
- 3,500‑square‑foot building configured for self‑service car wash use
- Multiple wash bays and vacuum stations
- 0.29‑acre site with paved exterior areas
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 - The property combines a self-serve operation with vacuum equipment and substantial paved site area.
Where is this self service car wash located?
The property is located at 60 Youngstown Warren Road 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: 3,500‑square‑foot building configured for self‑service car wash use; Multiple wash bays and vacuum stations; 0.29‑acre site with paved exterior areas
