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Property profile & analytics
OFF-MARKET
Car washes

501 Main St Waukesha, WI 53186-5141

4,848 SF 0.32 ac lot Built 1951
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1007007
Property summary
AI-generated overview

This profitable, well-established car wash located at 501 East Main Street, Waukesha, Wisconsin, presents a unique investment opportunity. Built in 1960 and extensively renovated in 2006, this tunnel-type car wash boasts a prime location in a high-traffic area, zoned B-3 (General Business). The 0.33-acre lot features a main building with a lower level for mechanicals, a durable rubber and metal roof, and a spacious bay ideal for detailing services. The car wash is equipped with a VFD system, Sonny Log-Chain track, a hydronic system, and a water treatment system, ensuring efficient and effective operation. Six vacuum stations further enhance customer convenience. With a capacity to clean over 50 cars per hour, this business has a proven track record of success. The property includes 600 amps/480 volts of power. The assessed value is $296,600, and 2021 taxes totaled $6,115.38. The property's APN is WAKC1302051. This turnkey operation is offered at $399,000 and represents a compelling investment in a thriving Wisconsin community. The property's strong performance and established clientele make it an attractive prospect for a savvy investor seeking a stable and profitable business venture. The combination of its prime location, modern equipment, and high cleaning capacity positions this car wash for continued success.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1951
Total area 4,848 SF
Lot 0.32 ac (13,939 SF)
Zoning code B-3
APN WAKC1302051
UPID US92-1007007
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
  • Trackside Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Lazarati Holdings LLC · 1 yrs held
Lazarati Holdings LLC
since 2024
1 recorded transaction
2024
$350,000
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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