Express Car Wash
For Sale
$1,270,000
Pending
9820 SE US HIGHWAY 441, Belleview, FL 34420
Commercial Sale, BELLEVIEW, FL
Property Size5,245 SF
Lot Size3.95 Acres
Days on Market97
Property Features for 9820 SE US HIGHWAY 441
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B4
Subdivision
J L MCGAHAGANS ESTATE
Directions
Drive from US-441 S and I-75 S to Marion County
Special listing conditions
Auction
Standard status
Pending
APN
36872-000-00
Size
5,245 SF
Lot size
3.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 23 TWP 16 RGE 22 COM AT THE SW COR OF SE 1/4 OF SEC 23 TH N 503.22 FT TO THE POB TH N 450 FT TH N 67-25-40 E 465.25 FT TH S 26-54-47 E 515.67 FT TH S 75-47-05 W 683.64 FT TO THE POB & EXC COM AT THE SW COR OF SE 1/4 OF SEC 23 TH N 953.22 FT TO TH E POB TH N 67-25-40 E 465.25 FT TH S 26-54-47 E 200 FT TH IN A SWLY DIRECTION TO A PT THAT IS 174.53 FT S OF THE POB TH N TO THE POB
Tax Annual Amount
17577
Legal Description
SEC 23 TWP 16 RGE 22 COM AT THE SW COR OF SE 1/4 OF SEC 23 TH N 503.22 FT TO THE POB TH N 450 FT TH N 67-25-40 E 465.25 FT TH S 26-54-47 E 515.67 FT TH S 75-47-05 W 683.64 FT TO THE POB & EXC COM AT THE SW COR OF SE 1/4 OF SEC 23 TH N 953.22 FT TO TH E POB TH N 67-25-40 E 465.25 FT TH S 26-54-47 E 200 FT TH IN A SWLY DIRECTION TO A PT THAT IS 174.53 FT S OF THE POB TH N TO THE POB
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
140-foot conveyor tunnel
three auto-pay stations
vacuum stations
Building Details
Year built
2023
Building materials
Block
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Ben Whidden · License #3225419
(407) 758-0578
Added: May 18
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# O6408827
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A recently constructed express car wash facility built in 2023, offered for sale with the underlying real estate. The car wash includes a 140-foot conveyor tunnel, three auto-pay stations, and multiple vacuum stations. Total rentable building area is approximately 5,245 square feet, situated on nearly four acres.
The property has prominent frontage along busy Highway 441 in the City of Belleview, Marion County, Florida, within the greater Ocala Metropolitan Area.
This offering is being presented as an auction property; the listing price reflects a minimum court-approved overbid amount, and the bankruptcy auction is scheduled for August 12th, 2026. The sale is subject to approval by the United States Bankruptcy Court for the Middle District of Florida, conducted pursuant to Chapter 11 as a debtor-in-possession transaction.
The property has prominent frontage along busy Highway 441 in the City of Belleview, Marion County, Florida, within the greater Ocala Metropolitan Area.
This offering is being presented as an auction property; the listing price reflects a minimum court-approved overbid amount, and the bankruptcy auction is scheduled for August 12th, 2026. The sale is subject to approval by the United States Bankruptcy Court for the Middle District of Florida, conducted pursuant to Chapter 11 as a debtor-in-possession transaction.
Key Highlights
- Recently constructed express car wash built in 2023, offered with the underlying real estate as a going concern
- Conveyor tunnel system with a 140‑foot conveyor tunnel, plus 3 auto‑pay stations and multiple vacuum stations
- Approximately 5,245 SF rentable building area and nearly 4 acres
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
$63,545
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
5.00%
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%
$1,270,900
$1.3M
Cap Rate 7%
$907,786
$907.8K
Cap Rate 9%
$706,056
$706.1K
Market Conditions
NOI Build-Up for 5,245 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
$89.4K $17.04/SF
− Vacancy
−$4.6K −$0.89/SF
EGI
$84.7K $16.15/SF
− OpEx
−$21.2K −$4.04/SF
NOI
$63.5K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /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%
$1,270,900
Cap Rate 7%
$907,786
Cap Rate 9%
$706,056
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,919 @ 7.0% cap · market cap 10.39%
Second Best
Specialty Retail
$907.8K
$794.3K – $1.06M
NOI $63,545 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,492 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Recently built express car wash includes a conveyor tunnel, auto-pay stations, and multiple vacuum stations on nearly four acres.
Where is this car wash located?
The property is located at 9820 SE US HIGHWAY 441 Belleview, FL.
What is the asking price?
The asking price for this property is $1,270,000.
What are key features of this property?
This property features: Recently constructed express car wash built in 2023, offered with the underlying real estate as a going concern; Conveyor tunnel system with a 140‑foot conveyor tunnel, plus 3 auto‑pay stations and multiple vacuum stations; Approximately 5,245 SF rentable building area and nearly 4 acres
