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Property profile & analytics
OFF-MARKET
Car washes
2222 Spg Clean Ave Terre Haute, IN 47805-2814
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1367082
Property summary
AI-generated overview
This profitable car wash in Terre Haute, Indiana, is offered for sale at $699,900. The 2,948 square foot facility sits on a 1.48-acre lot and features three automated bays and five manual bays, catering to a variety of customer needs and preferences. Built in 1994, the property includes two single-story buildings and is zoned C-3, allowing for continued operation as a car wash. The layout is designed for efficient car flow, even during peak hours. Dedicated maintenance and storage areas ensure equipment is readily accessible for servicing and repairs, minimizing downtime. The property's location in Vigo County, at 2222 Spring Clean Ave, Terre Haute, IN 47805, ensures high visibility and accessibility for customers. This well-established business presents a strong investment opportunity for a buyer seeking a turnkey operation in a thriving market. The property's APN is 84-06-02-376-009.000-002. This is a for sale by owner listing.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1994
Construction
WOOD
Total area
2,372 SF
Lot
1.48 ac (64,469 SF)
APN
84-06-02-376-009.000-002
UPID
US31-1367082
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
-
Spring Clean Car 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
Riddell National Bank · 1 yrs held
Riddell National Bank
since 2025
3 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 Terre Haute submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Terre Haute 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
$3,387
Tax year 2023
Assessed value
$107,100
Assessed 2023
Previous assessed
$107,100
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$21,100
Assessed improvement
$86,000
Land market value
$21,100
Improvement market value
$86,000
Total market value
$107,100
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,372 SF
Lot
1.48 ac (64,469 SF)
APN
84-06-02-376-009.000-002
UPID
US31-1367082
Jurisdiction
VIGO
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
1994
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Riddell National Bank
Entity
Free & Clear · 1 yrs held
Mailing address
4612 E EVANS AVE, TERRE HAUTE, IN 47805-9677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$730,359
Riddell National Bank
Oxford Enterprises LLC
Deed
related
—
May 2, 2018
—
Oxford Enterprises LLC
—
Deed
related
$800,000 · The Riddell National Bank
Feb 21, 2014
—
Thomas E Thompson
Mary Alice Thompson
Intrafamily Transfer
related
—
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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