16436 Miles Rd Warrensville Heights, OH 44128
This exceptional portfolio comprises five strategically located car washes in the Cleveland, Ohio area, specifically Warrensville Heights, Garfield Heights, and multiple locations in Cleveland. The portfolio includes a mix of touch-free automatic and self-serve facilities, offering diverse revenue streams. Situated on a combined 3.6 acres, these properties boast a strong track record, generating a pro-forma NOI of $510,000 and an attractive 9% capitalization rate. The asking price for this turnkey investment opportunity is $2,950,000. Individual car wash sales are also possible. Built between 1996 and 2011, these well-maintained properties present a compelling opportunity for investors seeking a stable, high-yield asset in a growing market. The portfolio includes addresses at 16436 Miles Rd, 13111 Broadway Ave, 8219 Broadway Ave, 9104 Union Ave, and 15313 Kinsman Rd, all within Cuyahoga County, Ohio, and encompassing a range of zip codes including 44105, 44120, 44125, and 44128. This portfolio represents a rare chance to acquire a diversified, established car wash business with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.