Property profile

62 Deane St Ellsworth, ME 04605

OFF-MARKET
Car washes
Property ID
US42-0835540
0.66 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: acquire a portfolio of three newly constructed, touchless automatic car washes strategically located in Maine and New Hampshire. This portfolio boasts a strong 11.34% cap rate and a substantial net operating income (NOI) of $1,077,321. The portfolio includes two fully operational locations: a 1,976 square foot facility on 0.66 acres in Ellsworth, Maine (62 Deane St, 04605) and a 1,398 square foot facility on 0.46 acres in Rochester, New Hampshire (45 Gonic Rd, 03839). A third location, a 2,000 square foot facility on 0.48 acres in Keene, New Hampshire (364 West St, 03431), is currently under construction and slated for completion in Summer 2024. All three car washes utilize Washworld Wash Systems, Washsify Entry Unit Packages, and G&G Color Wash Systems, ensuring high-quality and efficient operations. These properties are situated in high-traffic areas, promising significant cash flow growth as they stabilize. The asking price for this exceptional portfolio is $9,500,000. Detailed financial information is available upon execution of a confidentiality agreement. Contact us for further instructions.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Lot 0.66 ac (28,750 SF)
Zoning code DT
APN ELLH M:134 B:150 L:000 U:000
UPID US42-0835540

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

62 Deane St Ellsworth, ME 04605-2003
Ellsworth metro Census 965503
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2021
3 recorded transactions
2023
Price N/A
2021
Price N/A
2021
Price N/A

Zoning & alternative use

DT · Ellsworth, ME
Zoning description

A. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single…

General category COMMERCIAL

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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