Established Car Wash Business
For Sale
Contact for pricing
9251 S 1300 E, Sandy, UT 84094
Multi-revenue car wash business with real estate in desirable location.
Property Size5,287 SF
Lot Size1.51 Acres
Price / SF$529.60
Days on Market109
Property Features for 9251 S 1300 E
General Information
Standard status
Active
Size
5,287 SF
Lot size
1.51 Acres
Property subtype
Special Purpose
Zoning
CN (Commercial Neighborhood)
Investment Type
Owner/User
Building Details
Year Built
2002
Tenancy
Single
Listing Agency:
Tiffany & Company Real Estate
Listed By:
Mitchell Rice · License #10946601-SA00
Source:
Crexi
Added: May 13
Changed: Aug 7
Last Checked: Aug 24 at 7:24AM
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 Tiffany & Company Real Estate
Investment Insights
Based on property information with market context.
The property features an established car wash business operating since 2002, situated on 1.51 acres. The car wash includes 5 self-serve wash bays and 1 touchless automatic bay with 24/7 access. Additionally, there are 6 free vacuums available for customer use. The business has a 4.5-star rating based on 458 reviews, indicating a loyal customer base. Beyond car wash revenue, the property includes a state-licensed emissions testing center, on-site DMV registration renewal, and a propane refill service, creating multiple recurring revenue streams. The rear lot is currently used for vehicle storage and rented month to month for $700, providing valuable surplus land and future flexibility. Positioned along a well-traveled corridor, the property serves an affluent, dense, and vehicle-dependent trade area with strong household incomes and steady demand. The property size is 5287 square feet.
Key Highlights
- Established car wash business with 1.51 acres in a desirable location.
- Diversified income streams from car wash, emissions testing, DMV registration renewal, and propane refill.
- High‑performing site featuring 5 self‑serve bays, 1 touchless automatic bay (24/7 access), and 6 vacuums.
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
$84,839
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
3.03%
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%
$1,696,780
$1.7M
Cap Rate 7%
$1,211,986
$1.2M
Cap Rate 9%
$942,656
$942.7K
Market Conditions
NOI Build-Up for 5,287 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
$116.1K $21.96/SF
− Vacancy
−$3.0K −$0.56/SF
EGI
$113.1K $21.40/SF
− OpEx
−$28.3K −$5.35/SF
NOI
$84.8K $16.05/SF
Area
Salt Lake County, UT
Vacancy
2.57%
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%
$1,696,780
Cap Rate 7%
$1,211,986
Cap Rate 9%
$942,656
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,839 @ 7.0% cap · market cap 3.03%
Second Best
Retail
$1.13M
$989.8K – $1.32M
NOI $79,183 @ 7.0% cap · market cap 2.83%
Theoretical Best
Multifamily LT 5
$70.40M
$61.60M – $82.13M
NOI $4,927,885 @ 7.0% cap · market cap 176.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
204k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Shops & Services 30%
Home Improvements & Furnishings 11%
Dining 4%
Walmart
Superstores
108,748 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
42,603 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
23,156 visits/mo
0.4 miles
Starbucks
Dining
7,524 visits/mo
0.5 miles
Chevron
Shops & Services
7,206 visits/mo
0.1 miles
Demographics for 84094, UT
28,751
Population
9,715
Households
3
Avg Household Size
36
Median Age
39%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,637
Density / Sq Mi
$102,881
Median Household Income
$49,562
Median Earnings
$1,851
Median Rent
$474,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Multi-revenue car wash business with real estate in desirable location.
Where is this self service car wash located?
The property is located at 9251 S 1300 E Sandy, UT.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Established car wash business with 1.51 acres in a desirable location.; Diversified income streams from car wash, emissions testing, DMV registration renewal, and propane refill.; High‑performing site featuring **5 self‑serve bays, 1 touchless automatic bay (24/7 access), and 6 vacuums.**
