2101 University Ave
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2101 University Ave
2,520 SF Specialty Building Offered at $485,000 at a 10.36% Cap Rate in Des Moines, IA 50311
Investment Highlights
- High Cap Rate: Offered at a true 9.48% Cap rate, ensuring immediate cash flow for investors.
- Ideal for Investors: Perfect opportunity for new or growing investors seeking a profitable venture.
- Attractive Tax Benefits: Offers significant tax advantages, making it an appealing investment.
Executive Summary
The KataLYST Team as part of KW Commercial is pleased to market for sale this self-service carwash
conveniently located in the Drake neighborhood. This self-service carwash consists of 4-Drive In stalls
This carwash is being offered at a true 9.48% Cap rate which offers the ability to have immediate cash
flow! Coupled with attractive tax-benefits this is a great investment for the new or growing investor!
conveniently located in the Drake neighborhood. This self-service carwash consists of 4-Drive In stalls
This carwash is being offered at a true 9.48% Cap rate which offers the ability to have immediate cash
flow! Coupled with attractive tax-benefits this is a great investment for the new or growing investor!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $485,000 | Building Class | B |
| Price Per SF | $192 | Lot Size | 0.36 AC |
| Sale Type | Investment or Owner User | Building Size | 2,520 SF |
| Cap Rate | 10.36% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1978 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $485,000 |
| Price Per SF | $192 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.36% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 2,520 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 080-06733000000 | Total Assessment | $186,000 |
| Land Assessment | $101,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $85,000 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
080-06733000000
Land Assessment
$101,000
Improvements Assessment
$85,000
Total Assessment
$186,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C-2 |
| C-2 |
-
Jared Husmann -
The KataLYST Team
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2101 University Ave
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