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Property profile & analytics
OFF-MARKET
Car washes

100 Putnam Plz Greencastle, IN 46135

612 SF 0.67 ac lot Built 2020
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-0746308
Property summary
AI-generated overview

Exceptional investment opportunity encompassing two thriving, established car washes in high-traffic locations. The Greencastle location, situated at 100 Putnam Plaza, boasts six washing bays, including one automated touchless bay, within a bustling shopping center. This location also includes vacuums, vending machines dispensing cleaning supplies, a change machine, a small office, and a supply room. The Cloverdale location, at 503 N. Main St., offers five washing bays, one of which is an automated touchless bay, enjoying excellent visibility on a busy thoroughfare. Similar amenities are present, including vacuums, cleaning supply vending machines, a change machine, a small office, and a supply room. Both car washes are meticulously maintained and come complete with inventory sufficient to sustain operations for several months, ensuring a seamless transition for the new owner. The Greencastle property sits on a 0.67-acre lot and encompasses 100 square feet of building space. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate revenue potential. The asking price for this exceptional dual-location car wash business is $1,200,000.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 2020
Total area 612 SF
Lot 0.67 ac (29,272 SF)
Zoning code ZO01
APN 67-09-14-303-004.000-008
UPID US31-0746308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ps Soapy Joes LLC
Ps Soapy Joes LLC
since 2025
3 recorded transactions
2025
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Greencastle, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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