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    120 Gary Ave Bloomingdale, IL 60188
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    120 Gary Ave Bloomingdale, IL 60188

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    • Specialty properties
    • 1.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Specialty properties

    Property Details for 120 Gary Ave

    Year built
    2020
    Lot size
    1.55 lot acres
    Property type
    Specialty properties
    Property subtype
    Car washes

    Description

    This exceptional 2020-built express car wash in Bloomingdale, IL, presents a unique owner-user opportunity. Situated on a 1.55-acre lot at 120 S Gary Ave, Carol Stream, this single-story facility boasts state-of-the-art equipment including a STI Belt, 20+ vacuum stalls, and current POS systems. Its prime corner location offers high visibility and multiple ingress/egress points, ensuring smooth traffic flow. The business benefits from a rapidly growing wash club membership program with three tiers ($29, $39, and $54) and enjoys a strong 4.4-star Google rating. Its strategic location near major retailers like Shell, Dunkin', White Castle, and Pilot Gas Station provides significant exposure and customer traffic. The property is eligible for accelerated depreciation under IRS Code Sections 179 & 168(k), offering significant tax advantages. This e-commerce resistant business model, combined with its strong performance and prime location, makes this a compelling investment opportunity. Asking price: $5,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1214
    Latitude
    41.903

    Comparable in this City

    • Value Estimation
      $6,130,000
      5,985 SF

      1251 Gary Ave

      CAR WASH • 5,985 SF
      1251 Gary Ave, Carol Stream, IL 60188-9028
      View Details
    • Value Estimation
      $775,000
      2,358 SF

      24th Saint Charles Rd

      VETERINARY, ANIMAL HOSPITAL • 2,358 SF
      24th Saint Charles Rd, Carol Stream, IL 60188-2623
      View Details
    • Value Estimation
      $780,000
      3,512 SF

      24th Saint Charles Rd

      VETERINARY, ANIMAL HOSPITAL • 3,512 SF
      24th Saint Charles Rd, Carol Stream, IL 60188-2623
      View Details
    • Value Estimation by Request
      6,525 SF

      565 Randy Rd

      FUNERAL HOME • 6,525 SF
      565 Randy Rd, Carol Stream, IL 60188-2121
      View Details
    • Value Estimation by Request
      6,148 SF

      415 Gary Ave

      FUNERAL HOME • 6,148 SF
      415 Gary Ave, Carol Stream, IL 60188-1823
      View Details
    • Value Estimation by Request
      6,787 SF

      560-70 Gary Ave

      CHARITABLE ORGANIZATION • 6,787 SF
      560-70 Gary Ave, Carol Stream, IL 60188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      439,421 SF

      439,421 SF Available Building

      Available building with office, warehouse, dock doors, and parking.
      250 S Gary Ave, Carol Stream, IL 60188
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    • Contact for pricing
      6,148 SF

      Versatile Carol Stream Commercial Property

      High-visibility commercial property with adaptable layout and ample parking.
      415 N Gary Ave, Carol Stream, IL 60188
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    • Contact for pricing

      Truck and Trailer Parking Available

      Truck and trailer parking for rent with convenient highway access.
      245 Kehoe Blvd, Carol Stream, IL 60188
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    • $899,000
      0.64 Acres

      Carol Stream Commercial Investment Property

      Triple net lease property with corporate tenant and stable income.
      26w321 Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      14,195 SF

      Cadence Academy NNN Asset

      NNN asset with 9 years remaining and annual rent escalations.
      1280 Kuhn Rd, Carol Stream, IL 60188
      View Details
    • $999,000
      0.57 Acres

      Commercial Property with Corporate Tenant

      Triple net lease property with a large corporate tenant.
      26w287 Saint Charles Rd, Carol Stream, IL 60188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 501 Thornhill Drive.
      501 Thornhill Dr, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      20,000 SF

      Commercial Space Near North Avenue

      Well-maintained commercial building with secure outdoor storage available for rent.
      300 Westgate Dr, Carol Stream, IL 60188
      View Details
    • $12 SF/Yr
      2,675 SF

      Retail Space with Natural Light

      2,675 SF retail space featuring floor-to-ceiling windows.
      161 S Schmale Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      3,021 SF

      Retail Space in High-Traffic Center

      Retail space in a heavily-trafficked Carol Stream shopping center.
      1021 Fountain View Dr, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Bloomingdale, Illinois.
      364 W Army Trail Rd, Bloomingdale, IL 60188
      View Details
    • Contact for pricing
      37,442 SF

      Retail Space on Geneva Road

      Retail space with high visibility near major retailers.
      560 S Schmale Rd, Carol Stream, IL 60188
      View Details
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    120 Gary Ave
    Bloomingdale, IL 60188
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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