Building Details

Year Built 2024

Year Renovated 2024

Listing Agency: Miracle

Listed By: Owen Canavan · License #360405 Show Phone

Source: Crexi

Added: Feb 18 Changed: Sep 4 Last Checked: Sep 5 at 7:25PM

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Investment Insights

Based on property information with market context.

A recently constructed, Class-A express car wash is available for sale. The property is designed for express service and presents as a contemporary, professionally built automotive wash facility.

The site is located at 1220 US-80 in Bloomingdale, Georgia, with the broader Pooler area described as offering a mix of residential neighborhoods and surrounding amenities, including local businesses, restaurants, and parks/recreation.

This listing focuses on the sale of the express car wash facility as an operating commercial asset.

Key Highlights

• Recently constructed 2024 Class‑A express car wash for sale
• Located at 1220 US‑80
• Pooler, GA unemployment rate is 4.4% vs. U.S. average of 6.0%

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

$168,399

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

3.74%

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%

$3,367,980 $3.4M

Cap Rate 7%

$2,405,700 $2.4M

Cap Rate 9%

$1,871,100 $1.9M

Market Conditions

NOI Build-Up for 12,000 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

$237.6K $19.80/SF

− Vacancy

−$13.1K −$1.09/SF

EGI

$224.5K $18.71/SF

− OpEx

−$56.1K −$4.68/SF

NOI

$168.4K $14.03/SF

Area

Chatham County, GA

Vacancy

5.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

25.00%

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%

$3,367,980

Cap Rate 7%

$2,405,700

Cap Rate 9%

$1,871,100

Alternative Uses

Best Use

Specialty Retail

$2.41M

$2.10M – $2.81M (±1% cap)

NOI $168,399 @ 7.0% cap · market cap 3.74%

Second Best

Retail

$1.95M

$1.70M – $2.27M (±1% cap)

NOI $136,221 @ 7.0% cap · market cap 3.03%

Theoretical Best

Warehouse

$11.21M

$9.81M – $13.08M (±1% cap)

NOI $785,034 @ 7.0% cap · market cap 17.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Car washes

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Plumbing Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

Explore this area Business Placement

Demographics for 31302, GA

7,542

Population

3,299

Households

2.3

Avg Household Size

42

Median Age

16%

College-Educated

90%

High-School Grad

41.9 sq mi

ZIP Area

180

Density / Sq Mi

$67,256

Median Household Income

$37,661

Median Earnings

$1,072

Median Rent

$199,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this car washes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Car wash - Recently constructed Class-A express car wash offered for sale at 1220 US-80.

Where is this car wash located?

The property is located at 1220 US-80 Bloomingdale, GA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Recently constructed 2024 Class‑A express car wash for sale; Located at 1220 US‑80; Pooler, GA unemployment rate is 4.4% vs. U.S. average of 6.0%