Established Car Wash Near
For Sale
Contact for pricing
75 S Tymber Creek Rd, Ormond Beach, FL 32174
Car wash near upcoming Avalon Park Daytona development.
Property Size2,480 SF
Price / SF$302.42
Days on Market1607
Property Features for 75 S Tymber Creek Rd
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Retail
Building Details
Year Built
2008
Listing Agency:
Realty Pros Commercial Division
(386) 589-5754
Listed By:
Beau Warren · License #SL3207370
Source:
Crexi
Added: Mar 14, 2022
Changed: Jul 6
Last Checked: Aug 6 at 6:23AM
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 Realty Pros Commercial Division
Investment Insights
Based on property information with market context.
This established car wash is located in Volusia County, Florida, west of I-95. The property includes a tunnel express wash, a canopy for detailing and vacuum services, a customer lounge, and a large equipment room. The car wash is positioned near the upcoming Avalon Park Daytona development, which is planned to include 7,878 residential units and a commercial district. The property is suitable for an owner/operator. The business recently closed operations and is ready for new ownership.
Key Highlights
- Established car wash with comprehensive facilities.
- Prime investment opportunity in rapidly developing Volusia County, Florida.
- Strategic location near I‑95 and the upcoming Avalon Park Daytona development (7,878 residential units).
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
$37,660
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
5.02%
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%
$753,200
$753.2K
Cap Rate 7%
$538,000
$538.0K
Cap Rate 9%
$418,444
$418.4K
Market Conditions
NOI Build-Up for 2,480 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
$54.5K $21.96/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$50.2K $20.25/SF
− OpEx
−$12.6K −$5.06/SF
NOI
$37.7K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$753,200
Cap Rate 7%
$538,000
Cap Rate 9%
$418,444
Alternative Uses
Best Use
Specialty Retail
$538.0K
$470.8K – $627.7K
NOI $37,660 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$731.2K
$639.8K – $853.1K
NOI $51,187 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
15,683 visits/mo
0.1 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash near upcoming Avalon Park Daytona development.
Where is this car wash located?
The property is located at 75 S Tymber Creek Rd Ormond Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Established car wash with comprehensive facilities.; Prime investment opportunity in rapidly developing Volusia County, Florida.; Strategic location near I‑95 and the upcoming Avalon Park Daytona development (7,878 residential units).
