Downtown Wooster Car
611 W Liberty St Wooster, OH 44691
For Sale
Contact for pricing
Five-bay car wash on a corner lot in downtown Wooster.
Property Size2,834 SF
Price / SF$114.68
Days on Market665
Property Features for 611 W Liberty St
General Information
Standard status
Active
Size
2,834 SF
Property subtype
Retail, Special Purpose
Building Details
Year Built
1995
Listing Agency:
Donald K. Gant Realty
(330) 264-4242
Listed By:
Trevor Gant · License #2023003563
Source:
Crexi
Added: Oct 4, 2024
Changed: Jul 6
Last Checked: Jul 28 at 5:03PM
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 Donald K. Gant Realty
Investment Insights
Based on property information with market context.
This property features a five-bay car wash situated on a corner lot within downtown Wooster. The property is zoned C-2 Community Commercial. The car wash includes two automatic bays and three self-service bays. The property size is 2,834 square feet. A Retail Site Analysis report is available.
Key Highlights
- 5 bay car wash
- Located on a corner lot
- Downtown Wooster location
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.63 |
| EGI | $40.7k | $14.37 |
| − OpEx | −$12.2k | −$4.31 |
| NOI | $28.5k | $10.06 |
2,834 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$407.2K
$356.3K – $475.1K
NOI $28,507 @ 7.0% cap · market cap 8.77%
Second Best
Specialty Retail
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 3.71%
Theoretical Best
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $144,992 @ 7.0% cap · market cap 44.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Five-bay car wash on a corner lot in downtown Wooster.
Where is this car wash located?
The property is located at 611 W Liberty St Wooster, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 5 bay car wash; Located on a corner lot; Downtown Wooster location
