Car Wash with Storage
For Sale
$869,500
6200 Frazeysburg Road, Zanesville, OH 43830
Operating facility combines vehicle-wash bays with enclosed commercial storage space.
Property Size5,912 SF
Lot Size0.92 Acres
Price / SF$147.07
Days on Market433
Property Features for 6200 Frazeysburg Road
General Information
Standard status
Active
Size
5,912 SF
Lot size
0.92 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Car Wash Bays
3
Taxes and HOA fees
Annual Taxes
$4,150
Amenities
Half Bath
Private Well
Building Details
Building Size
5,912 SF
Year Built
2004
Buildings
2
Stories
1
Units
7
Listing Agency:
Olde Town Realty
(740) 607-4750
Listed By:
Alan H Wilson · License #2003017451
(740) 607-4750
Source:
Carolgoffrealestate
Added: Jun 24, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:08PM
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 Olde Town Realty
Investment Insights
Based on property information with market context.
This commercial property includes two buildings totaling 5,912 square feet on 0.9205 acres. The primary 3,960-square-foot structure measures 90 feet by 44 feet and contains seven 12-foot-wide doors with 14-foot clearance, concrete flooring, and electric service. The second building provides 1,952 square feet for an operating car wash with two do-it-yourself bays and one touchless automatic bay equipped with an upgraded PETIT system. A dedicated utility room houses wash-system equipment, and the building also includes a half bath.
Concrete covers the car-wash drives and parking area, with two shared entrance and exit points serving both buildings. The property is located at 6200 Frazeysburg Road in Zanesville, Ohio, along State Route 60 North. Utility service includes AEP electric, Energy Co-op, Muskingum County water and sewer, natural gas, and a private well used for car-wash water with county water available as backup.
Concrete covers the car-wash drives and parking area, with two shared entrance and exit points serving both buildings. The property is located at 6200 Frazeysburg Road in Zanesville, Ohio, along State Route 60 North. Utility service includes AEP electric, Energy Co-op, Muskingum County water and sewer, natural gas, and a private well used for car-wash water with county water available as backup.
Key Highlights
- 0.9205‑acre property at 6200 Frazeysburg Road along State Route 60 North
- Two commercial buildings totaling 5,912 square feet
- Car wash includes 2 do‑it‑yourself bays and 1 touchless automatic bay
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
$46,993
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
5.40%
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%
$939,860
$939.9K
Cap Rate 7%
$671,329
$671.3K
Cap Rate 9%
$522,144
$522.1K
Market Conditions
NOI Build-Up for 5,912 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
$65.3K $11.04/SF
− Vacancy
−$2.6K −$0.44/SF
EGI
$62.7K $10.60/SF
− OpEx
−$15.7K −$2.65/SF
NOI
$47.0K $7.95/SF
Area
Muskingum County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$939,860
Cap Rate 7%
$671,329
Cap Rate 9%
$522,144
Alternative Uses
Best Use
Specialty Retail
$671.3K
$587.4K – $783.2K
NOI $46,993 @ 7.0% cap · market cap 5.40%
Second Best
Warehouse
$634.3K
$555.0K – $740.0K
NOI $44,399 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,821 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 43830, OH
6,593
Population
2,201
Households
3
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
50.0 sq mi
ZIP Area
132
Density / Sq Mi
$112,684
Median Household Income
$49,672
Median Earnings
$925
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Operating facility combines vehicle-wash bays with enclosed commercial storage space.
Where is this car wash located?
The property is located at 6200 Frazeysburg Road Zanesville, OH.
What is the asking price?
The asking price for this property is $869,500.
What are key features of this property?
This property features: 0.9205‑acre property at 6200 Frazeysburg Road along State Route 60 North; Two commercial buildings totaling 5,912 square feet; Car wash includes 2 do‑it‑yourself bays and 1 touchless automatic bay
