You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Car washes

3550 South Lafountain St Kokomo, IN 46902

3,818 SF 0.59 ac lot Built 1971
Individually Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US31-3184957
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Marie's Car Wash Inc. 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
Community Howard Regional Health In · 14 yrs held
Community Howard Regional Health In
since 2012
2 recorded transactions
2012
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message