Property profile

16157 190Th St Monticello, IA 52033

FOR SALE
Self service car washes
Property ID
US25-1403793
13,200 SF 4.94 ac lot Built 2019
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional, full-service truck wash, built in 2019, is situated on a high-traffic section of Highway 151, conveniently located at Exit 63. The 13,200 square foot facility boasts tilt-up concrete construction with a pitched membrane roof and features a 20-foot clear ceiling height. Six 12' x 15' overhead doors and one 12' x 14' overhead door provide ample access. Three spacious wash bays (110' x 29' each) ensure efficient operation. The property includes in-floor heating throughout, a comfortable reception area, a driver waiting area, and driver showers. A cistern/elevator room facilitates waste collection and disposal. The strategic location next to Karde's 151 Travel Plaza, a 24/7 operation with ample semi-truck parking and a CAT scale, guarantees high visibility and consistent traffic. The property sits on a large 302,306 square foot lot and is zoned for commercial use. Additional equipment, including a skid loader and dump truck, is available for separate purchase. This turnkey operation presents a significant investment opportunity with strong potential for continued growth. The asking price is $1,750,000, reflecting a price per square foot of $132.58. The APN is 0233476001/023347.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 2019
Total area 13,200 SF
Lot 4.94 ac (215,186 SF)
APN 233476001
UPID US25-1403793

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Parking Lot & Garage Gas Station

Location

16157 190Th St Monticello, IA 52033
Monticello metro Census 70600 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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