Established Car Wash For
For Sale
Contact for pricing
803 West Chestnut Street, Washington, PA 15301
Turnkey car wash with in-bay automatics and self-serve bays.
Property Size4,084 SF
Lot Size0.63 Acres
Price / SF$391.77
Days on Market102
Property Features for 803 West Chestnut Street
General Information
Standard status
Active
Size
4,084 SF
Lot size
0.63 Acres
Property subtype
Retail, Business for Sale
Investment Type
Owner/User
Building Details
Year Built
1985
Listing Agency:
Matthews
Listed By:
Beryl Grant · License #TN
Source:
Crexi
Added: May 20
Changed: Aug 27
Last Checked: Aug 29 at 6:56AM
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 Matthews
Investment Insights
Based on property information with market context.
The property at 803 W Chestnut St, Washington, PA 15301, is an established car wash for sale. Built in 2005, the car wash includes 4 self-serve bays and 2 touch-free automatics (In Bay-Automatic (IB-A)). The building size is approximately 4,084 square feet, situated on a lot of approximately 0.63 acres. The tunnel equipment includes 2 PDQ 360 Automatics, one installed in 2022 and the other a Classic installed in 2015. The self-serve equipment features a Carolina Pride Pump Station, a Carolina Pride Triple Foam Unit, Spray Wax, and Desalt & Bug Off.
Key Highlights
- Two PDQ 360 Automatics car wash tunnels, one installed in 2022
- Self‑serve equipment includes Carolina Pride pump station, triple foam unit, spray wax, desalt, and bug off
- Features 4 self‑serve bays and 2 touch‑free automatics
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
$88,089
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
5.51%
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%
$1,761,780
$1.8M
Cap Rate 7%
$1,258,414
$1.3M
Cap Rate 9%
$978,767
$978.8K
Market Conditions
NOI Build-Up for 4,084 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
$130.9K $32.04/SF
− Vacancy
−$13.4K −$3.28/SF
EGI
$117.5K $28.76/SF
− OpEx
−$29.4K −$7.19/SF
NOI
$88.1K $21.57/SF
Area
Washington County, PA
Vacancy
10.24%
Lease Rate
$32.04 /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%
$1,761,780
Cap Rate 7%
$1,258,414
Cap Rate 9%
$978,767
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,089 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$588.1K
$514.6K – $686.1K
NOI $41,167 @ 7.0% cap · market cap 2.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
McDonald's
Dining
26,207 visits/mo
0.5 miles
Burger King
Dining
8,983 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,578 visits/mo
0.2 miles
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Turnkey car wash with in-bay automatics and self-serve bays.
Where is this car wash located?
The property is located at 803 West Chestnut Street Washington, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two PDQ 360 Automatics car wash tunnels, one installed in 2022; Self‑serve equipment includes Carolina Pride pump station, triple foam unit, spray wax, desalt, and bug off; Features 4 self‑serve bays and 2 touch‑free automatics
