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311 Van Giesen Street - VAN GIESEN CAR WASH 3,390 SF Specialty Building Offered at $1,400,000 at a 6.43% Cap Rate in Richland, WA 99354
Investment Highlights
- 15k residents within 3 miles, 26k within 5 miles!
- Simple, low maintenance concrete block construction.
- Excellent, central location surrounded by multi-family/apartments!
- 2025 NOI = $95k.
Executive Summary
Self-Service Car Wash
Income-Producing Car Wash in Downtown Richland.
Van Giesen Car Wash is a well-located, income-producing investment featuring five self-service bays and one drive-through automatic bay located in a dense, infill downtown Richland location surrounded by multifamily and apartments with limited competition and less than a 1/2 mile from the Columbia River and boat launches! The property benefits from low maintenance concrete block construction, minimal landscaping, and remote security and monitoring systems.
The car wash has a proven operating history and consistent cash flow, supported by a mix of residential and commercial customers and efficient, easy- to-manage operations. An attractive opportunity for investors seeking a stable investment with long-term demand drivers in the desirable Tri-Cities market.
Income-Producing Car Wash in Downtown Richland.
Van Giesen Car Wash is a well-located, income-producing investment featuring five self-service bays and one drive-through automatic bay located in a dense, infill downtown Richland location surrounded by multifamily and apartments with limited competition and less than a 1/2 mile from the Columbia River and boat launches! The property benefits from low maintenance concrete block construction, minimal landscaping, and remote security and monitoring systems.
The car wash has a proven operating history and consistent cash flow, supported by a mix of residential and commercial customers and efficient, easy- to-manage operations. An attractive opportunity for investors seeking a stable investment with long-term demand drivers in the desirable Tri-Cities market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$94,883
|
$27.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $94,883 |
| Annual Per SF | $27.99 |
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per SF | $412.98 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 3,390 SF |
| Cap Rate | 6.43% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1992 |
| Property Type | Specialty | Parking Ratio | 3.54/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | C-2 - General commercial zoning allows for wide variety of commercial, office and retail uses. | ||
| Price | $1,400,000 |
| Price Per SF | $412.98 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 3,390 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 3.54/1,000 SF |
| Zoning | C-2 - General commercial zoning allows for wide variety of commercial, office and retail uses. |
Amenities
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 102983020732025 | Improvements Assessment | $804,200 |
| Land Assessment | $240,000 | Total Assessment | $1,044,200 |
Property Taxes
Parcel Number
102983020732025
Land Assessment
$240,000
Improvements Assessment
$804,200
Total Assessment
$1,044,200
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311 Van Giesen Street - VAN GIESEN CAR WASH
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