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6119 Cougar Ln Salt Lake City, UT 84118-6064

OFF-MARKET Warehouses Google Maps
7,764 SF 0.75 ac lot Built 1997
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$460k
Range $414k – $506k (±10%)
Property ID US86-0026394

Property summary

AI-generated overview

This exceptional car wash opportunity in Kearns, Utah presents a strong investment prospect. The 10,616 square foot facility sits on a 0.75-acre lot and boasts a 7.00% cap rate with a current NOI of $119,378 and a pro-forma NOI of $105,671. Built in 1997 and extensively renovated in 2024, the property features minimal deferred maintenance and immaculately maintained equipment. Recent upgrades include a new credit card system with tap-to-pay and swipe functionality, credit card capability added to all vacuums, new lines for self-serve bays, new high and low-pressure hoses, new selector switches, state-of-the-art Dixmor timers, a new 120-gallon water heater with instantaneous heating, a new pump stand with new VFDs, a new bubble brush board, and a comprehensive interior and exterior surveillance system. The property's prime location is adjacent to Harmon's, Arctic Circle, Jiffy Lube, Sonic, and numerous other retailers, ensuring high visibility and consistent customer traffic. The property's APN is 21-18-351-003-0000. This turnkey operation offers a rare chance to acquire a well-maintained, high-performing car wash in a thriving commercial area. The asking price is $1,600,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,764 SF
Lot 0.75 ac (32,670 SF)
Zoning code SC-2
APN 21-18-351-003
UPID US86-0026394

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
  • Hair Salon Nail Salon
  • Car Wash
  • Car Wash

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2014
Price N/A
2007
Price N/A
2004
Price N/A
2003
Price N/A
2002
Price N/A
2000
Price N/A

Zoning & alternative use

SC-2 · Salt Lake City, UT

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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