660 Peosta StPeosta, IA 52068

Property Details for 660 Peosta St

Year built

2005

Lot size

2.29 AC

Property size (Sq ft)

2,520 SF

Property type

Self service car washes

APN

14-09-253-013

APU

1409253013

Description

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 approach

  CAP return

  Valuation

  6%

  $668,873

  6.5%

  $617,422

  7%

  $573,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,713

  Geo Method

  $827,140

• Alternative Use

  Use

  Valuation

  Residential

  $520,818

  Hospitality

  $477,067

  Educational

  $396,914

  Medical

  $410,564

  Retail

  $617,422

Location Insight

City

Peosta

County

Dubuque

State

Iowa

Latitude

42.4501

Longitude

-90.8494

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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