Corner-Lot Car Wash
For Sale
$595,000
1000 N Ashley St, Valdosta, GA 31601
The site includes customer areas, retail display space, offices, restrooms, and a separate detail building.
Property Size7,670 SF
Lot Size0.48 Acres
Price / SF$77.57
Days on Market24
Property Features for 1000 N Ashley St
General Information
Standard status
Active
Size
7,670 SF
Lot size
0.48 Acres
Property subtype
Commercial
Zoning
C-H
Site & Location
Traffic Count
19,700 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,376
Amenities
customer waiting
retail display
office
restrooms
storage
canopies
equipment shed
detail shop
Building Details
Building Size
7,670 SF
Year Built
1970
Buildings
2
Stories
1
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
(229) 561-1939
Listed By:
Scott Alderman · License #109748
Source:
Cooperrealestate
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 28 at 7:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIRST COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This car wash property includes 7670 total sf under roof. The 4940-sf primary building contains customer waiting space, retail display areas, an office, restrooms, storage, canopies, and an equipment shed. A separate 2730-sf detail shop and storage building occupies the north end of the 0.48-acre parcel. Car wash equipment is included, and the property is offered as-is.
The corner site has 235' of frontage along N Ashley St and 58' along Force St, with access from both streets. Traffic is reported at 19,700 vehicles every day. The property is zoned C-H and was built in 1970. Existing improvements can support continued car wash operations, while the buildings and site configuration also provide a basis for renovation or redevelopment, subject to applicable approvals.
The corner site has 235' of frontage along N Ashley St and 58' along Force St, with access from both streets. Traffic is reported at 19,700 vehicles every day. The property is zoned C-H and was built in 1970. Existing improvements can support continued car wash operations, while the buildings and site configuration also provide a basis for renovation or redevelopment, subject to applicable approvals.
Key Highlights
- 7670 total sf under roof, including a 4940‑sf primary building and 2730‑sf separate detail shop/storage building
- 0.48‑acre corner lot with 235' frontage on N Ashley St and 58' frontage on Force St
- Reported traffic count of 19,700 vehicles every day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,566
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,320
$691.3K
Cap Rate 7%
$493,800
$493.8K
Cap Rate 9%
$384,067
$384.1K
Market Conditions
NOI Build-Up for 7,670 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.4K $6.96/SF
− Vacancy
−$4.0K −$0.52/SF
EGI
$49.4K $6.44/SF
− OpEx
−$14.8K −$1.93/SF
NOI
$34.6K $4.51/SF
Area
Lowndes County, GA
Vacancy
7.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,320
Cap Rate 7%
$493,800
Cap Rate 9%
$384,067
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.6K – $1.18M
NOI $70,770 @ 7.0% cap · market cap 11.89%
Second Best
Retail
$864.9K
$756.8K – $1.01M
NOI $60,546 @ 7.0% cap · market cap 10.18%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,511 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,700 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 37%
Groceries 24%
KFC
Dining
7,265 visits/mo
0.2 miles
Mr. b's Iga
Groceries
6,678 visits/mo
0.4 miles
AutoZone
Shops & Services
4,260 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,841 visits/mo
0.1 miles
SUBWAY
Dining
2,656 visits/mo
0.4 miles
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - The site includes customer areas, retail display space, offices, restrooms, and a separate detail building.
Where is this car wash located?
The property is located at 1000 N Ashley St Valdosta, GA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 7670 total sf under roof, including a 4940‑sf primary building and 2730‑sf separate detail shop/storage building; 0.48‑acre corner lot with 235' frontage on N Ashley St and 58' frontage on Force St; Reported traffic count of 19,700 vehicles every day
