Car Wash on Industrial-Zoned
For Sale
$275,000
749 US-20 BUS, Toledo, OR 97391
Commercial Sale, Toledo, OR
Property Size968 SF
Lot Size0.51 Acres
Price / SF$284.09
Days on Market46
Property Features for 749 US-20 BUS
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1 Light Industrial
Parking
10
Parking features
Open, Off Street, RV
Lot features
Level
Directions
Take US 20 Business Lp from Newport, follow to property on the Right just before Bay Blvd.
Standard status
Active
APN
R531713
Size
968 SF
Lot size
0.51 Acres
Tenancy & Operations
Real Estate Included
Yes
Business Included
Yes
Additional Details
Automotive Uses
car wash
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Building materials
Block
Roof type
Metal
Listing Agency:
Elkhorn Real Estate
(541) 280-9576
Listed By:
Makennah P Warner · License #201255172
(509) 392-2134
Added: Sep 15
Changed: Oct 29
Last Checked: Oct 30 at 1:06AM
MLS# 26-2503
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
A car wash business occupies a 968-square-foot building on a 0.51-acre parcel. Built in 2003, the structure has block construction and a metal roof. The property is zoned I-1 Light Industrial, and the site includes open, off-street, and RV parking.
Public water and sewer serve the property, and cable is available. The address is 749 US-20 BUS in Toledo, Oregon.
Public water and sewer serve the property, and cable is available. The address is 749 US-20 BUS in Toledo, Oregon.
Key Highlights
- 968‑square‑foot car wash building
- 0.51‑acre site zoned I‑1 Light Industrial
- Built in 2003 with block construction and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,781
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,620
$235.6K
Cap Rate 7%
$168,300
$168.3K
Cap Rate 9%
$130,900
$130.9K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$17.4K $18.00/SF
− Vacancy
−$594 −$0.61/SF
EGI
$16.8K $17.39/SF
− OpEx
−$5.0K −$5.22/SF
NOI
$11.8K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,620
Cap Rate 7%
$168,300
Cap Rate 9%
$130,900
Alternative Uses
Best Use
Retail
$168.3K
$147.3K – $196.4K
NOI $11,781 @ 7.0% cap · market cap 4.28%
Second Best
Specialty Retail
$143.8K
$125.9K – $167.8K
NOI $10,068 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$252.5K
$220.9K – $294.6K
NOI $17,674 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 97391, OR
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Car wash - The site includes public water and sewer, along with open, off-street, and RV parking.
Where is this car wash located?
The property is located at 749 US-20 BUS Toledo, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 968‑square‑foot car wash building; 0.51‑acre site zoned I‑1 Light Industrial; Built in 2003 with block construction and a metal roof
