Property profile

127 Main St Stafford Springs, CT 06076

OFF-MARKET
Showrooms
Property ID
US15-1032850
2,854 SF 0.28 ac lot Built 2006
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, Class A car wash located at 127 W Main St, Stafford, CT 06076. The 3,600 square foot, single-story building sits on a 1.05-acre lot and boasts a brick exterior and paved parking area. Built in 1995 and extensively renovated in 2018, the property features modern, well-maintained equipment. Currently operating at 100% occupancy since July 6, 2020, this business offers near-passive income potential. The asking price of $1,500,000 reflects an industry-standard multiple of eight times EBITDA. Detailed financial information is available upon execution of a non-disclosure agreement (NDA). The property is zoned B-2 and benefits from a high traffic count in downtown Stafford Springs. This turnkey operation is ideal for investors seeking a lucrative, low-maintenance investment with significant return potential. The single unit is housed within a single building, offering streamlined management. All aspects of the business are in excellent condition.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,854 SF
Lot 0.28 ac (12,197 SF)
Zoning code LB
APN STAF M:48 L:062
UPID US15-1032850

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

127 Main St Stafford Springs, CT 06076-1027
Stafford Springs metro Census 890100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2020
Last sale
$248,000
6 recorded transactions
2020
$248,000
2018
$247,700
2007
$600,000
2007
$1
2006
Price N/A
2006
$300,000

Zoning & alternative use

LB · Stafford Springs, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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