Car Wash with Storage
For Sale
$869,500
6200 Frazeysburg Road, Zanesville, OH 43830
CommercialSale, Zanesville, OH
Property Size5,912 SF
Lot Size0.92 Acres
Price / SF$147.07
Days on Market427
Property Features for 6200 Frazeysburg Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Vista View Village
Elementary school district
Tri-Valley LSD - 6004
Middle school district
Tri-Valley LSD - 6004
High school district
Tri-Valley LSD - 6004
Directions
Frazeysburg Road ( State Route 60) North out of Zanesville Aprox 4 Miles Property on the Right Between Creamery Road and Gorusch
Standard status
Active
APN
44-36-01-72-008
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
R 8 TP 2 SEC 19 S W N SIDE 0.9205A
Tax Annual Amount
4150
Legal Description
R 8 TP 2 SEC 19 S W N SIDE 0.9205A
Utilities
Heating system
Natural Gas
Water source
Well, Public
Amenities
concrete floor
utility room
half bath
concreted drives and parking area
2 entrance and exits
Building Details
Year built
2004
Floors in Building
1
Number of units
7
Roof type
Metal
Listing Agency:
Olde Town Realty
(740) 453-6533
Listed By:
Alan H Wilson · License #2003017451
(740) 607-4750
Added: Jun 24, 2025
Changed: Aug 20
Last Checked: Aug 24 at 12:06AM
MLS# 5132861
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.
This 0.9205-acre commercial property includes two buildings totaling 5,912 square feet. The first building contains 3,960 square feet, measures 90 feet by 44 feet, and offers seven 14-foot-high by 12-foot-wide doors, concrete flooring, and electric service. The second building contains 1,952 square feet and operates as a car wash with two self-service bays and one touchless automatic bay equipped with an upgraded PETIT system. It also includes an equipment room and half bath.
Concrete drives and parking serve the wash and storage uses. Two entrance and exit points provide site circulation for both buildings. The property is located at 6200 Frazeysburg Road in Zanesville, Ohio, and was built in 2004. Utilities include AEP electric, natural gas, Muskingum County water and sewer, and a private well used for car wash operations with public water available as backup.
Concrete drives and parking serve the wash and storage uses. Two entrance and exit points provide site circulation for both buildings. The property is located at 6200 Frazeysburg Road in Zanesville, Ohio, and was built in 2004. Utilities include AEP electric, natural gas, Muskingum County water and sewer, and a private well used for car wash operations with public water available as backup.
Key Highlights
- 0.9205‑acre property with 5,912 square feet across 2 commercial buildings
- Car wash includes 2 do‑it‑yourself bays and 1 touchless automatic bay
- Automatic wash bay upgraded with the PETIT system
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
Property Profile
Current Use
Lease Details
Yes
Highway access
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 self-service and touchless automatic wash functions with a separate commercial storage building.
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 with 5,912 square feet across 2 commercial buildings; Car wash includes 2 do‑it‑yourself bays and 1 touchless automatic bay; Automatic wash bay upgraded with the PETIT system
