571 S Main St - Car Washes FOR SALE


Kamas, UT 84036
$1,350,000 USD
801-860-5030
571 S Main St, Kamas, UT for Sale
$1,350,000 USD
Car Washes - FOR SALE
1/21
null | 8.75% Cap Rate

571 S Main St
Kamas, UT 84036


OVERVIEW

This car wash includes 2 self-serve bays and 1 in-bay automatic, located directly on Main Street in Kamas — the main gateway to Utah’s Uinta Mountains. With over 1 million visitors annually heading into the Uintas for hiking, fishing, camping, and off-roading, this site benefits from strong seasonal and year-round traffic. Kamas is the last stop before entering Mirror Lake Highway and is a natural pass-through for travelers heading to Jordanelle Reservoir, Heber City, and other nearby recreation areas. The property’s visibility and accessibility make it an ideal spot for both locals and tourists to clean off after mountain adventures. There is limited competition in the area, and this wash is well-positioned to meet the growing demand from outdoor recreation and local growth. The layout is simple and efficient, with potential for adding revenue through memberships, vending, or equipment upgrades. 2024 marked the first full year of operations, generating $211,417 in Gross Revenue and $118,188 in Net Operating Income (NOI)—a strong 55% Net Profit Margin (NPM) that reflects efficient operations and solid demand. In 2025, the current ownership group—comprised of remote investors—is on pace to deliver similar results, with projected Gross Revenue of $212,398 and NOI of $120,865, continuing to operate at a healthy 57% NPM. This consistency underscores the operational stability and strong customer retention despite limited on-site oversight. As the facility matures, ownership is actively exploring price optimizations, including increases to the cost per minute and charge per wash, which are likely to be implemented by Q4 2025 or early 2026. These changes are expected to have an immediate and meaningful impact on both the top line and bottom line performance. Looking ahead, 2026 and 2027 projections reflect a modest 5% annual revenue growth, intentionally conservative to leave room for upside potential from the planned pricing adjustments. These estimates place 2026 Gross Revenue at $223,018 with NOI at $126,908, and 2027 at $234,169 Gross Revenue and $133,253 NOI. With the passage of the new BBB tax bill, this investment becomes even more attractive from a tax strategy perspective, offering investors an opportunity to pair strong operational cash flow with compelling tax advantages.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Wave Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-1

APN/PARCEL ID

MVK-17

ASK ABOUT THIS PROPERTY

Jason HagblomNEXUS Commercial Real EstateMore Info
801-860-5030

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Jason HagblomNEXUS Commercial Real EstateMore Info
801-860-5030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.