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    Express Car Wash Tunnel Title is generated by Realmo AI

    604 FAIRWAY DR, Galt, CA 95632

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    Fee-simple express tunnel car wash with towel-dry, recently updated, positioned for continued membership-based operations.

    Type:Special Purpose
    Property size:
    4,100 SF
    Price / SF:
    $609/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:00 am

    Property Features for 604 FAIRWAY DR

    General Information

    Standard status
    Active
    Size
    4,100 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Tyler Clark
    Tyler Clark

    Listing agent Tyler Clark License #CA 01900784

    Listing office Lee & Associates - Walnut Creek

    Listing date Jun 3, 2026

    Source Crexi

    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 Lee & Associates - Walnut Creek

    HighLights

    • Fee‑simple express tunnel car wash with towel‑dry offered at $2,500,000
    • Built in 2002; property described as clean and recently updated
    • 2024 adjusted NOI of $282,643 at an 11.3% cap rate (at the asking price)
    • 2025 adjusted NOI of $227,413 reflecting owner disengagement, passive operations, and minimal marketing
    • Membership program supports continued operations, with extended hours and targeted marketing under active management
    • Local market context includes one direct competitor (Gilly's Car Wash) and 77% homeownership

    Overview

    Triple Crown Car Wash is a fee-simple express tunnel car wash with towel-dry, presented for sale as a clean, updated operation. The site is described as a recently updated facility and is offered as a fee-simple asset.

    The property is located at 604 Fairway Dr in Galt, California. The seller’s materials characterize the market as an express tunnel environment with one direct competitor mentioned, and provide context around local residential growth and demographics.

    Financial information provided with the offering includes 2024 adjusted NOI of $282,643, cited as an 11.3% cap rate at the asking price, along with a softer 2025 adjusted NOI of $227,413 (9.1% cap). The remarks attribute the 2025 results to owner disengagement, passive operations, and minimal marketing rather than physical or structural issues. The offering also notes that under active management, a recurring membership program, extended hours, and targeted marketing are expected to support Year-2 revenue of $750,000–$850,000 and adjusted NOI of $300,000–$380,000, described as pro forma. Prospective buyers should treat projections as estimates rather than guarantees, and review operating assumptions as part of their due diligence.
    Location Intelligence

    Current Use by Public Records

    Triple Crown Car ... Car Wash Big Sponge Car ... Car Wash Big Dog Builders ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galt
    County
    Sacramento
    State
    California
    Longitude
    -121.2914617
    Latitude
    38.2493607

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    FAQs

    What type of property is this?
    Car wash - Fee-simple express tunnel car wash with towel-dry, recently updated, positioned for continued membership-based operations.
    Where is this car wash located?
    The property is located at 604 FAIRWAY DR Galt, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Fee‑simple express tunnel car wash with towel‑dry offered at $2,500,000; Built in 2002; property described as clean and recently updated; 2024 adjusted NOI of $282,643 at an 11.3% cap rate (at the asking price)
    (650) 787-1535 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Clark
    Tyler Clark
    Real Estate License ID: CA 01900784
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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