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Property profile

1125 Fountains Way Cedar Falls, IA 50613

OFF-MARKET
Specialty properties
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1.32 ac lot Built 2023

Property summary

AI-generated overview

This exceptional car wash business, located at 1125 Fountains Way, Cedar Falls, IA 50613, presents a unique owner-user opportunity. Built in 2023, this modern facility sits on approximately 1.32 acres and boasts a state-of-the-art 85-foot Peco's tunnel system, three self-service bays (including one oversized bay), express detailing services, and ten vacuums. Its versatile offerings cater to a diverse clientele, and its proximity to the University of Northern Iowa (within 1.5 miles) provides a substantial and growing customer base. The business has demonstrated strong growth since its launch, fueled by a rapidly expanding membership. The property benefits from a high average household income within a one-mile radius ($113,000) and is eligible for bonus depreciation, offering potential tax advantages. This turnkey operation features contemporary facilities and cutting-edge infrastructure, built to current industry standards, and offers ample space for future expansion. The asking price is $5,280,000. This is a rare opportunity to acquire a thriving business, building, and land in a desirable location. Serious inquiries only.

Property profile

Verified
Property type Specialty properties
Year built 2023
Lot 1.32 ac (57,499 SF)

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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