Downtown Wooster Car
For Sale
Contact for pricing
611 W Liberty St, Wooster, OH 44691
Five-bay car wash on a corner lot in downtown Wooster.
Property Size2,834 SF
Price / SF$114.68
Days on Market756
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
Year Renovated
1999
Buildings
1
Stories
1
Listing Agency:
Donald K. Gant Realty
Listed By:
Trevor Gant · License #2023003563
(330) 466-9355
Source:
Crexi
Added: Oct 4, 2024
Changed: Oct 26
Last Checked: Oct 28 at 4:51AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$28,507
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,140
$570.1K
Cap Rate 7%
$407,243
$407.2K
Cap Rate 9%
$316,744
$316.7K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$42.5K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$40.7K $14.37/SF
− OpEx
−$12.2K −$4.31/SF
NOI
$28.5K $10.06/SF
Area
Wayne County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,140
Cap Rate 7%
$407,243
Cap Rate 9%
$316,744
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
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Business Placement
Demographics for 44691, OH
44,666
Population
19,369
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
154.9 sq mi
ZIP Area
288
Density / Sq Mi
$71,319
Median Household Income
$37,322
Median Earnings
$881
Median Rent
$216,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
