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    38 Wxlr Dr Lebanon, VA 24266

    Sponsored
    Picture of Car washes at Wxlr Dr 38, Lebanon, VA
    For Sale
    $1,200,000

    COMMERCIAL - Lebanon, VA

    Property size:
    18,000 SF
    Lot size:
    5.12 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 2:06 am

    Property Features for 38 Wxlr Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    Parking
    10
    Size
    18,000 SF
    Lot size
    5.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1999
    Flooring type
    Concrete
    Building materials
    Metal Siding, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Lisa Cordle
    Lisa Cordle

    C&C REALTY (CORDLE & COMPANY) (127) 620-2676

    Listing agent Lisa Cordle (276) 202-6769

    Listing date Mar 2, 2026

    MLS# 105974

    Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Commercial Opportunity in Lebanon

    This turnkey commercial opportunity is situated on 5.12 acres in a convenient Lebanon location, offering excellent accessibility and visibility. The property is located just minutes from town and major roadways, providing easy access for customers, clients, and deliveries, making it suitable for a variety of commercial uses. The property includes most equipment and office furniture currently located on the premises, facilitating a smooth transition for the next owner. The seller is including the established and profitable Extreme Clean business, presenting an exceptional opportunity for an owner-operator or investor seeking immediate income potential. The 5.12-acre tract provides ample space for parking, storage, expansion, or future development. The property has a functional layout and generous acreage. The property is zoned C. The property size is 18000 square feet. With an income-producing business included, this property offers a chance to own a versatile commercial site with built-in business value in the Lebanon area. The seller is willing to consider owner financing with a sizable down payment for qualified buyers and is also willing to sell the real estate separately from the Extreme Clean business. Terms and options are negotiable, and the seller is open to discussions regarding purchase structure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car washes

    Map

    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.1081946
    Latitude
    36.8972095

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    FAQs

    What type of property is this?
    Car wash - Profitable business and real estate on 5.12 acres.
    Where is this car wash located?
    The property is located at 38 Wxlr Dr Lebanon, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Established and profitable Extreme Clean business included for immediate income potential.; - Turnkey commercial opportunity with most equipment and office furniture included.; - 5.12 acres providing ample space for parking, storage, expansion, or future development.
    (276) 202-6769
    Request Owner's contact information
    38 Wxlr Dr Lebanon, VA 24266
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    Lebanon, VA 24266
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Wxlr Dr Lebanon, VA 24266
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    We can help!
    Listing Contact
    Lisa Cordle
    Lisa Cordle
    Real Estate License ID: 0225105436
    (276) 202-6769 (276) 345-9449
    Learn more
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