Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sylvania Car Wash For Sale Title is generated by Realmo AI

    7528 Sylvan Towne Dr, Sylvania, OH 43560

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Established car wash in prime Sylvania retail corridor.

    Type:Special Purpose
    Property size:
    3,365 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $267/SF
    Added:
    Sep 10, 2024
    Days on Market:
    630
    Last Refresh:
    May 12 at 8:03 pm

    Property Features for 7528 Sylvan Towne Dr

    General Information

    Standard status
    Active
    Size
    3,365 SF
    Lot size
    1.00 Acre
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Brent Patterson
    Brent Patterson

    Listing agent Brent Patterson License #OH 0000399625

    Listing office Reichle | Klein Group

    Listing date Sep 10, 2024

    Source Crexi

    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 Reichle | Klein Group

    HighLights

    • Prime location on Sylvania Ave. with high traffic volume (13,000+ vehicles per day) and King Road (17,000+ vehicles per day).
    • Located on a 1‑acre parcel as an outlot to a Kroger‑anchored shopping center.
    • New Autec Evolution EV‑1 installed in Automatic Bay in 2022.
    • Proven sales volume yearly.
    • Located in an upscale suburb of Sylvania.
    • 24‑hour surveillance with well‑lit bays.

    Overview

    The property is a car wash located in Sylvania, Ohio. The car wash facilities include soft cloth, touch-free, and automatic bays, along with vacuums and car care products. The location benefits from 24-hour surveillance and well-lit bays. A new Autec Evolution EV-1 was installed in the automatic bay in 2022, with additional capital expenditures made to the car wash equipment and property. The car wash is situated on a 1-acre parcel within an outlot of a Kroger-anchored shopping center, positioned in the retail corridor of Sylvania Avenue. Sylvania Avenue experiences over 13,000 vehicles per day, while King Road sees 17,000 vehicles per day. The location is in an upscale suburb of Sylvania. Across the street is Sylvania Southview High School, which contributes an additional 600 students daily. A new Scooters Coffee Shop is located nearby. A large apartment community on the same street is expected to increase traffic in the area. The property size is 3365 square feet.
    Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7236193
    Latitude
    41.6858542

    Nearby Similar for Sale

    • $845,571

      Affordable Dentures Investment Opportunity

      NNN leased investment with long-term tenant in place.
      6411 River Crossings, Sylvania, Ohio 43560
      View Details
    • $900,000

      Sylvania Car Wash For Sale

      Manual car wash with automatic bays and car care products.
      7528 Sylvan Towne Drive, Sylvania, OH 43560
      View Details
    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
      6450 Monroe St, Sylvania, OH
      View Details
    • $2,721,513
      30,596 SF

      Sylvania Office Building For Sale

      Prime office building in Sylvania, a strategic investment opportunity.
      5580 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      37,214 SF

      Sylvania Country Squire Shopping Center

      Premier shopping center in Sylvania, 37,214 SF on 2.86 acres.
      5801 - 5829 Monroe Street, Sylvania, OH 43560
      View Details
    • $1,675,000
      22,345 SF

      Class A Executive Office Space

      Executive office space with wooded views in Sylvania, Ohio.
      6444 Monroe St, Sylvania, OH
      View Details
    • $99,000
      10,438 SF

      Turnkey Salon in Downtown Sylvania

      Established salon for sale with FF&E and lease assumption.
      5758 Main St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      202,403 SF

      Sylvania Multifamily Investment Opportunity

      218-unit apartment complex in Sylvania, OH near Uptown.
      6650 Parkgate Pl & 6601 Brint Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing
      45,676 SF

      Sylvania Office Building Investment Opportunity

      45,676 SF office building in Sylvania, Ohio for sale.
      5855 Monroe St, Sylvania, OH
      View Details
    • $847,227
      2,972 SF

      Sylvania Office Space For Sale

      Office space with lease extension and income potential.
      6411 River Crossings, Sylvania, OH
      View Details
    • $395,000
      11,268 SF

      Managed Office Property For Sale

      Office property managed by owner with included condo fees.
      5800 Monroe St, Sylvania, OH 43560
      View Details

    FAQs

    What type of property is this?
    Car wash - Established car wash in prime Sylvania retail corridor.
    Where is this car wash located?
    The property is located at 7528 Sylvan Towne Dr Sylvania, OH.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime location on Sylvania Ave. with high traffic volume (13,000+ vehicles per day) and King Road (17,000+ vehicles per day).; Located on a 1‑acre parcel as an outlot to a Kroger‑anchored shopping center.; New Autec Evolution EV‑1 installed in Automatic Bay in 2022.
    (419) 861-1100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brent Patterson
    Brent Patterson
    Real Estate License ID: OH 0000399625
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7528 Sylvan Towne Dr, Sylvania, OH 43560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!