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Updated almost 16 years ago on . Most recent reply

Frank Gossman's profile image
Frank Gossman's profile image
Frank Gossman
  • Real Estate Investor
  • from Bradenton, Florida
  • Member since Feb 1, 2009
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Frank Gossman's profile image
Frank Gossman's profile image
Frank Gossman
  • Real Estate Investor
  • from Bradenton, Florida
  • Member since Feb 1, 2009
Connect
Frank Gossman
  • Real Estate Investor
  • Bradenton, FL
0
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52
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Real Estate Deal Analysis & Advice

Car wash

Frank Gossman
  • Real Estate Investor
  • Bradenton, FL
Posted

Can anybody tell me how to determine if this is worth moving forward? Asking price$899,900 has 4 selfserves and 1 auto-drive through.GOI for 2008 $103,629,OE $43,599,NOI $60,030. Loc.is
good high traffic volume. The car wash is located in a beach and retirement area of Florida.According to agent info it has a cap rate of 10.00% That I think is up to interpitation.Don't know what else to give I have lot of numbers.Any help would be appreciated.Thanks in advance and have a great wk!! P S I'll have one to post tomorrow a 15 unit once I get the financials.Thanks!!

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