Property profile

18324 E 104Th Ave Commerce City, CO 80022

FOR SALE
Self service car washes
Property ID
US13-0090585
1,964 SF 0.74 ac lot Built 2007
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,964 sq ft car wash, built in 2007 and renovated in 2018 & 2020, is situated on a 32,160 sq ft lot in the thriving Reunion Marketplace of Commerce City, CO. Boasting a high sales volume and commanding market presence, this single-unit business offers significant returns. Financial highlights include a 9.49 EBITDA multiple, a 5.78 GIM, and a $200,000 free cash flow. SBA financing is available with a 12% down payment, promising a 17.7% ROI on the down payment. The property benefits from a strategic location at the intersection of 104th Ave and Tower Rd, providing easy access to Pena Blvd and Denver International Airport. Nearby businesses include a Conoco gas station, NAPA Auto Parts, Starbucks, and a Sonic Drive-In, further enhancing visibility and customer traffic. The car wash is part of a larger commercial development encompassing restaurants, a Wells Fargo Bank, and a two-story medical office building. High traffic counts on 104th Ave (15,055 ADT as of Dec 2022) and Tower Rd (26,836 ADT as of May 2021) underscore the property's exceptional location. This is a rare opportunity to acquire a highly profitable, established business in a rapidly growing area. The property is zoned commercial.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 2007
Total area 1,964 SF
Lot 0.74 ac (32,147 SF)
APN R0165223
UPID US13-0090585

Cap rate & NOI

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

Location

18324 E 104Th Ave Commerce City, CO 80022
Commerce City metro Census 8538 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2008
7 recorded transactions
2021
Price N/A
2018
Price N/A
2008
Price N/A
2007
$472,000
2005
$100,000
1969
Price N/A
1969
Price N/A

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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