836 7Th StRochester, MN 55901

Property Details for 836 7Th St

Year built

1979

Lot size

0.81 AC

Property size (Sq ft)

4,320 SF

Property type

Retail properties

Property subtype

Other car washes

APN

74.35.23.001338

APU

743523001338

Description

This exceptional investment opportunity presents a 7-bay, full self-service car wash located at 836 7th St NW, Rochester, MN 55901. Built in 1979 and renovated in 2003, this 4,320 square foot facility sits on a 0.82-acre lot. The car wash boasts a strong 10% capitalization rate and generates a substantial $275,000 in gross annual income. With seven full self-service bays, it caters to the high daily demand in this thriving Rochester location. The property benefits from extremely strong population metrics within a 3, 5, and 10-mile radius, ensuring continued high occupancy and strong returns. This well-established car wash presents a rare chance to acquire a high-performing asset in a rapidly growing market, offering a secure and profitable investment. The property's consistent performance history and prime location make it an attractive option for discerning investors seeking a stable, high-yield investment in the robust Rochester, Minnesota market. Olmsted County's favorable demographics further enhance the long-term potential of this exceptional car wash business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,045,346

  6.5%

  $964,935

  7%

  $896,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $555,642

  Geo Method

  $555,642

• Alternative Use

  Use

  Valuation

  Residential

  $813,958

  Hospitality

  $745,582

  Educational

  $620,315

  Medical

  $641,649

  Retail

  $964,935

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0305

Longitude

-92.4753

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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