Full-Service Car Wash and Lube
917 Keith St NW Cleveland, TN 37311
For Sale
Contact for pricing
Full-service tunnel car wash with conveyor system and a two-bay lube center for light automotive services.
Property Size4,190 SF
Price / SF$268.50
Days on Market172
Property Features for 917 Keith St NW
General Information
- Standard status
- Active
- Size
- 4,190 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1976
Listing Agency:
Compass Group Realty, LLC
Listed By:
Nicole Reed · License #333846
Source:
Crexi
Added: Feb 2
Changed: Jul 23
Last Checked: Jul 23 at 2:13AM
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 Compass Group Realty, LLC
Investment Insights
Based on property information with market context.
This property is a full-service car wash and lube center featuring a soft-touch tunnel car wash with a conveyor belt system. In addition, it includes a two-bay lube center suitable for oil changes, lubrication, and light automotive services.
The building is positioned in a Cleveland, Tennessee location with strong visibility and convenient access. It is offered for sale with the car wash and lube operation as its current use.
Beyond automotive service, the property is described as flexible for future conversion and may support office space, retail, or other concepts that benefit from a drive-through configuration.
The building is positioned in a Cleveland, Tennessee location with strong visibility and convenient access. It is offered for sale with the car wash and lube operation as its current use.
Beyond automotive service, the property is described as flexible for future conversion and may support office space, retail, or other concepts that benefit from a drive-through configuration.
Key Highlights
- Full‑service soft‑touch tunnel car wash with conveyor belt system
- Two‑bay lube center for oil changes, lubrication, and light automotive services
- Built in 1976—long‑running Cleveland, TN car wash and lube operation
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $14.40 |
| − Vacancy | −$3.9k | −$0.94 |
| EGI | $56.4k | $13.46 |
| − OpEx | −$14.1k | −$3.37 |
| NOI | $42.3k | $10.10 |
4,190 SF · lease $14.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$604.4K
$528.9K – $705.2K
NOI $42,311 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$565.7K
$495.0K – $659.9K
NOI $39,596 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$879.2K
$769.3K – $1.03M
NOI $61,543 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Walters Auto Wash ...
Car Wash
FAQs
What type of property is this?
Car wash - Full-service tunnel car wash with conveyor system and a two-bay lube center for light automotive services.
Where is this car wash located?
The property is located at 917 Keith St NW Cleveland, TN.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Full‑service soft‑touch tunnel car wash with conveyor belt system; Two‑bay lube center for oil changes, lubrication, and light automotive services; Built in 1976—long‑running Cleveland, TN car wash and lube operation
