Technical
Financial
Distress signals
Property profile

600 Trenton Ave Findlay, OH 45840

OFF-MARKET
Car washes
Property ID
US66-3036002
3,834 SF 1.04 ac lot Built 2015
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,677 square foot, single-tenant car wash located at 600 W Trenton Ave, Findlay, OH 45840. The property boasts a strong 6.90% cap rate and a substantial net operating income (NOI) of $300,000. Situated on a 0.86-acre corner lot, this car wash benefits from high visibility and easy access along US 224. The absolute NNN lease agreement, with zero landlord responsibilities, provides significant investor security and features a remaining term of 15.2 years, extending to January 31, 2040. Annual rent escalations of 1.25% further enhance the investment's long-term value. Built in 2015, the property is currently operating at 100% occupancy. The lease includes four 5-year renewal options. Findlay, Ohio, offers a robust local economy anchored by major employers such as Marathon Petroleum, Cooper Tire & Rubber Company, and numerous distribution centers. This thriving community, with a population of approximately 40,000, also benefits from the presence of the University of Findlay. The asking price for this exceptional investment is $4,347,826, translating to a price per square foot of $1,182.44. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a desirable market.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2015
Construction MIXED
Total area 3,834 SF
Lot 1.04 ac (45,302 SF)
APN 610001008451
UPID US66-3036002

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

600 Trenton Ave Findlay, OH 45840-2641
Findlay metro Census 400 FINDLAY, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$638k
Blend (final) Blend
$455k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2021
$4.9M
2016
Price N/A
2014
$460,000
2010
$275,000
2009
Price N/A
2006
$620,000

Zoning & alternative use

Top alternative use upside
Office building $545,000 +70.2%
Commercial (general) $450,000 +40.4%
Medical building $395,000 +22.6%

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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