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Property profile & analytics
OFF-MARKET Estimated value $1,065,000
Commercial real estate

11 Locust St Pompton Lakes, NJ 07442-2118

0.25 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-0220673
Property summary
AI-generated overview

This thriving, full-service car wash located at 11 Locust St, Pompton Lakes, NJ 07442, is a fantastic investment opportunity. Built in 1930, this established business sits on a 0.25-acre lot and is offered at $1,800,000. The car wash offers a comprehensive range of services, including exterior hand washes, professional interior/exterior detailing, full-service interior cleaning, speedy oil changes, ceramic coating, dent removal, and engine cleaning. This diverse service offering caters to a wide customer base, maximizing revenue streams. A key factor contributing to its success is a rapidly expanding subscription club, demonstrating strong customer loyalty and a reliable recurring revenue model. The business benefits from a prime location with high foot traffic, ensuring consistent customer flow. Operating seven days a week, this car wash presents a unique opportunity to acquire a profitable and well-established business with significant growth potential in a desirable New Jersey location. The business is being sold as a business only.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 0.25 ac (10,890 SF)
Zoning code DBD
APN 09 02100-0000-00015
UPID US59-0220673
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
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.07M
Owner & transaction history
Bergen Mtm LLC · 4 yrs held
Bergen Mtm LLC
since 2021
Last sale
$950,000
5 recorded transactions
2021
$950,000
2021
Price N/A
2014
$500,000
2002
$700,000
1969
Price N/A
Zoning & alternative use
DBD · Pompton Lakes, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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