Property profile

3550 South Lafountain St Kokomo, IN 46902

FOR SALE
Car washes
Property ID
US31-3184957
3,818 SF 0.59 ac lot Built 1971
Individually Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This well-maintained, fully operational car wash in Kokomo, Indiana, presents a prime investment opportunity. Built in 1971 with a 1985 addition, the 3,818 square foot facility sits on a 0.59-acre lot and features a tunnel-style car wash with top-of-the-line equipment, including a 2020 Dry-n-Shine machine, rocker wraps, wheel blasters/rim cleaners, and tire shine. A durable dog bone chain conveyor system ensures efficient operation. Two drive-thru bays offer full-service interior cleaning, complemented by a customer lounge and restroom. The interior vacuum system is well-maintained and highly efficient. The building boasts sturdy wood frame and concrete block construction with metal and wood siding and a metal roof. Employee amenities include a lounge, office with restroom, and a separate employee restroom. A POS/tunnel control area and equipment/utility room are also included. A prominent advertising sign enhances visibility. The property includes an RO water tank. This established business benefits from a high-traffic location and a loyal customer base, offering significant growth potential. Priced at $625,000.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1971
Construction WOOD
Total area 3,818 SF
Lot 0.59 ac (25,700 SF)
APN 34-10-18-101-037.000-002
UPID US31-3184957

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
  • Car Wash

Location

3550 South Lafountain St Kokomo, IN 46902
Kokomo metro Census 1400 KOKOMO, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2005
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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