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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Car washes
4916 Marion Rd, Sioux Falls, SD 57106-2016
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US79-0012349
Property summary
AI-generated overview
This exceptional investment opportunity presents a fee-simple Mammoth Car Wash located at 4916 S Marion Rd, Sioux Falls, SD 57106. The property boasts 5,746 square feet on a 1.18-acre lot, built in 2006. Currently operating under a 14.9-year Triple Net (NNN) lease commencing July 24, 2024, and expiring June 30, 2039, this car wash offers a remaining lease term of approximately 14.6 years. The lease features a strong corporate guarantee and attractive annual rent increases of 1.50%. The current annual net operating income (NOI) is $225,000, resulting in a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to a price per square foot of $567.50. This is a rare opportunity to acquire a well-established, high-performing car wash with a long-term, secure lease in a prime location within Minnehaha County. The property's strong financials and long-term lease make it an ideal addition to any investment portfolio. The lease structure minimizes landlord responsibilities, providing a passive income stream with built-in growth potential.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
5,746 SF
Lot
1.18 ac (51,531 SF)
Zoning code
NO;SPECIAL NOTE
APN
65852
UPID
US79-0012349
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
-
Silverstar Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$565k
Owner & transaction history
Clean Cars Of Sioux Falls, LLC · 12 yrs held
Clean Cars Of Sioux Falls, LLC
since 2014
1 recorded transaction
Zoning & alternative use
NO;SPECIAL NOTE · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$670,000
+24.4%
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 Sioux Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sioux Falls 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
Method
Estimation
Statistic approach
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$540,000
Current use
OFFICE BUILDING
$670,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$455,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,095
Tax year 2022
Assessed value
$991,500
Assessed 2022
Previous assessed
$987,200
+0.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$463,900
Assessed improvement
$527,600
Applied tax rate
90,495.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
5,746 SF
Lot
1.18 ac (51,531 SF)
Zoning code
NO;SPECIAL NOTE
APN
65852
UPID
US79-0012349
Jurisdiction
MINNEHAHA
Zoning & alternative use
NO;SPECIAL NOTE · Sioux Falls, SD
Zoning NO;SPECIAL NOTE · permitted uses
NO;SPECIAL NOTE · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$540,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$455,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.18 ac
Current owner
From public records · entity-resolved
Clean Cars Of Sioux Falls, LLC
Entity
Mailing address
902 CARNEGIE CTR #5, PRINCETON, NJ 08540-6530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2014
$153,000
Clean Cars Of Sioux Falls, LLC
F Paul F Paul
Trustees Deed
related
$815,000 · First Dakota 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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