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Property profile & analytics
OFF-MARKET Estimated value $605,000
Self service car washes

3321 Broadway Grove City, OH 43123

0.07 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-2771623
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving, two-bay touchless car wash located at 3321 Broadway in Grove City, Ohio (zip code 43123), Franklin County. Built in 2004 and extensively renovated in 2022, this 2,009 square foot facility boasts a strong financial performance, with a Net Operating Income (NOI) of $164,341 and a compelling 10.34% capitalization rate. The asking price is $1,590,000. The car wash is equipped with state-of-the-art Laser Wash 360 Plus systems, ensuring efficient and high-quality cleaning. Two vacuum stations provide added customer convenience. Situated on a high-traffic corridor, Broadway (US Route 62), the property benefits from exceptional visibility and daily traffic exceeding 23,227 vehicles. Prominent pylon signage further enhances its visibility and attracts customers. This turnkey operation offers a rare chance to acquire a well-established, cash-flowing business with significant growth potential in a prime location. The property's recent renovations ensure long-term operational efficiency and minimize immediate capital expenditure needs. This is an ideal investment for those seeking a stable, high-return asset in the thriving Ohio market.

Property profile
Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Lot 0.07 ac (2,919 SF)
APN 161-000845
UPID US66-2771623
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
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k
Owner & transaction history
Soapbox Global Corp · 4 yrs held
Soapbox Global Corp
since 2021
Last sale
$624,900
5 recorded transactions
2021
$624,900
2019
$450,000
2013
$150,000
2006
$950,000
2004
$125,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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