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Property profile & analytics
OFF-MARKET
Self service car washes
1940 Main St Columbus, OH 43205-1613
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0127245
Property summary
AI-generated overview
This Columbus car wash presents a lucrative investment opportunity. Located at 1940 E Main St, in Franklin County, Ohio (zip code 43205), this single-story building boasts 1,840 square feet situated on a 0.118-acre lot. The property features two automatic washing bays and newer, updated equipment, ensuring efficient operation and minimal maintenance needs. Four vacuum stations cater to customer detailing needs. Its strategic location on a high-traffic corner of Nelson and Main streets guarantees consistent customer flow and strong revenue potential. The asking price for this established business is $839,000. This turnkey operation offers immediate income generation and significant growth potential for the savvy investor. The property's size and equipment are ideal for continued success in a bustling Columbus neighborhood. This is a rare chance to acquire a well-maintained, profitable car wash in a prime location. Serious inquiries only.
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
2003
Total area
1,840 SF
Lot
0.39 ac (17,163 SF)
APN
010-008188
UPID
US66-0127245
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
Current use
Occupant on record · Public records
-
Spot Free Car Wash
-
Spot Free Rapid Wash Car Wash
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
Spot Car Wash LLC · 2 yrs held
Spot Car Wash LLC
since 2023
Last sale
$300,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,958
Tax year 2023
Assessed value
$67,870
Assessed 2023
Previous assessed
$60,380
+12.4% YoY
Effective rate
7.31%
On assessed value
Assessed land
$11,310
Assessed improvement
$56,560
Land market value
$32,300
Improvement market value
$161,600
Total market value
$193,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
2003
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
1,840 SF
Lot
0.39 ac (17,163 SF)
APN
010-008188
UPID
US66-0127245
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Spot Car Wash LLC
Entity
Mailing address
4055 REDWOOD AVE UNIT #147, LOS ANGELES, CA 90066-5192
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$600,000
Spot Car Wash LLC
Spot Free Car Wash INC
Warranty Deed
$514,000 · Park National Bank
Apr 29, 2003
$51,000
Spot Free Car Wash INC
Palmer,victoria C
Grant Deed
$500,000 · Unizan Bank NA
—
—
Spot Free Car Wash INC
—
Deed Of Trust
related
$50,000 · Unizan Bank NA
—
—
Spot Free Car Wash INC
—
Deed Of Trust
related
$225,000 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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