660 Peosta St Peosta, IA 52068-9700
This exceptional car wash business in Peosta, IA, presents a lucrative investment opportunity. Built in 2005 on a 0.43-acre lot (APN 1409253014), this single-story, commercially zoned property boasts a strong reputation and loyal customer base. The facility includes a Premier Mark VII automatic bay wash/dry system, two manual wash bays (one accommodating semi-tractors), two vacuum areas, and an accessory dispenser, all equipped for cash and credit card payments. Significant upgrades were completed in 2017 (nearly $200,000 in building improvements and new automatic wash options) and the parking lot was upgraded in 2023. The property features in-floor heat/forced air and heated outdoor concrete pads. All equipment is in excellent condition and meticulously maintained. This turnkey operation includes all mechanicals, fixtures, and inventory, offering immediate positive cash flow. Located in a rapidly growing community with a strong job base, low tax rate, and new infrastructure, this car wash enjoys a prime location in a thriving business and residential district, conveniently situated off Highway 20. The asking price is $769,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.