10-Bay Self-Service Car
New
For Sale
$649,000
7225 W 151st St, Orland Park, IL 60462
Closed automotive facility near a residential neighborhood and commercial corridor, with potential for several vehicle-related uses.
Property Size4,500 SF
Lot Size0.85 Acres
Price / SF$144.22
Days on Market5
Property Features for 7225 W 151st St
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.85 Acres
Property subtype
Business Opportunity
Additional Details
Car Wash Bays
10
Building Details
Buildings
1
Abandoned
No
Listing Agency:
Century 21 Circle
(773) 983-1553
Listed By:
Mark Ahmad · License #471007186
Source:
Realtopiare
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 7:58PM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
This currently closed self-service car wash includes 10 bays and approximately 4,500 square feet of building area. Interior access is not available, and the property is being evaluated from a drive-by perspective. The existing improvements may support continued car wash operations or consideration of vehicle-related concepts such as repair, oil change, and antique-car storage.
The property is located at 7225 W 151st St in Orland Park, within a residential neighborhood near a commercial corridor. An adjacent 16,000 square feet of vacant land on the west side may also be available, creating an opportunity to evaluate additional site area alongside the existing facility.
The property is located at 7225 W 151st St in Orland Park, within a residential neighborhood near a commercial corridor. An adjacent 16,000 square feet of vacant land on the west side may also be available, creating an opportunity to evaluate additional site area alongside the existing facility.
Key Highlights
- 10‑bay self‑service car wash
- Approximately 4,500 Sq. ft. of building area
- Currently closed; interior access is not available
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
$19,371
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
2.98%
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%
$387,420
$387.4K
Cap Rate 7%
$276,729
$276.7K
Cap Rate 9%
$215,233
$215.2K
Market Conditions
NOI Build-Up for 4,500 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
$29.2K $6.48/SF
− Vacancy
−$1.5K −$0.33/SF
EGI
$27.7K $6.15/SF
− OpEx
−$8.3K −$1.84/SF
NOI
$19.4K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
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%
$387,420
Cap Rate 7%
$276,729
Cap Rate 9%
$215,233
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.6K – $1.26M
NOI $75,330 @ 7.0% cap · market cap 11.61%
Second Best
Retail
$892.3K
$780.8K – $1.04M
NOI $62,461 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,755 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Shell
Shops & Services
8,766 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
3,052 visits/mo
0.2 miles
Public Storage
Shops & Services
909 visits/mo
0.3 miles
Ethan Allen
Home Improvements & Furnishings
451 visits/mo
0.5 miles
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Closed automotive facility near a residential neighborhood and commercial corridor, with potential for several vehicle-related uses.
Where is this self service car wash located?
The property is located at 7225 W 151st St Orland Park, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 10‑bay self‑service car wash; Approximately 4,500 Sq. ft. of building area; Currently closed; interior access is not available
