Corner Tunnel Car Wash
For Sale
$640,000
1000 N Ashley Street, Valdosta, GA 31601
Single-tunnel car wash site with main building, canopies, and included equipment on a corner lot with dual street frontage.
Property Size5,435 SF
Lot Size0.48 Acres
Price / SF$117.76
Days on Market490
Property Features for 1000 N Ashley Street
General Information
Standard status
Active
Size
5,435 SF
Lot size
0.48 Acres
Property subtype
General Commercial
Site & Location
Traffic Count
19,700 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,588
Amenities
Central Air
3
Metal
Parking. Corner Lot.
25 Parking Spaces. Paved Driveway, Lot.
20908.80078125
Corner.
Building Details
Year Built
1960
Listing Agency:
Lavish Realty Corporation
(404) 989-4898
Listed By:
Hope Brown · License #109748
(404) 989-4898
Source:
Xome
Added: Apr 22, 2025
Changed: Aug 24
Last Checked: Aug 23 at 10:35PM
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 Lavish Realty Corporation
Investment Insights
Based on property information with market context.
For sale: a first-tunnel car wash property on a 0.48-acre corner lot with 7,670 square feet under roof. The site includes a 4,940-square-foot main building with a customer waiting area, retail display space, office, restrooms, storage, canopies, and an equipment shed. A separate 2,730-square-foot detail shop and/or storage building is located on the north end of the lot. All car wash equipment is included, and the property is sold as-is.
The property offers easy access and strong visibility with 235 feet of frontage on N Ashley St and 58 feet of frontage on Force St. Public remarks also note a traffic count of 19,700 vehicles per day at the site.
The existing layout supports continued car wash operations, renovation for a re-purposed use, or demolition and re-build for new use. Public remarks also indicate owner financing may be available to qualified prospects.
The property offers easy access and strong visibility with 235 feet of frontage on N Ashley St and 58 feet of frontage on Force St. Public remarks also note a traffic count of 19,700 vehicles per day at the site.
The existing layout supports continued car wash operations, renovation for a re-purposed use, or demolition and re-build for new use. Public remarks also indicate owner financing may be available to qualified prospects.
Key Highlights
- Single‑tunnel car wash property with all car wash equipment included, sold as‑is
- 7,670 total SF under roof: 4,940‑SF main building plus a 2,730‑SF separate detail shop/storage building
- Corner lot with dual street frontage: 235' on N Ashley St and 58' on Force St
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
$50,148
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
7.84%
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%
$1,002,960
$1.0M
Cap Rate 7%
$716,400
$716.4K
Cap Rate 9%
$557,200
$557.2K
Market Conditions
NOI Build-Up for 5,435 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
$71.7K $13.20/SF
− Vacancy
−$4.9K −$0.90/SF
EGI
$66.9K $12.30/SF
− OpEx
−$16.7K −$3.08/SF
NOI
$50.1K $9.23/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$13.20 /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%
$1,002,960
Cap Rate 7%
$716,400
Cap Rate 9%
$557,200
Alternative Uses
Best Use
Specialty Retail
$716.4K
$626.9K – $835.8K
NOI $50,148 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$612.9K
$536.3K – $715.1K
NOI $42,903 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$825.1K
$722.0K – $962.7K
NOI $57,759 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,700 VPD
Traffic count
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Single-tunnel car wash site with main building, canopies, and included equipment on a corner lot with dual street frontage.
Where is this car wash located?
The property is located at 1000 N Ashley Street Valdosta, GA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Single‑tunnel car wash property with all car wash equipment included, sold as‑is; 7,670 total SF under roof: 4,940‑SF main building plus a 2,730‑SF separate detail shop/storage building; Corner lot with dual street frontage: 235' on N Ashley St and 58' on Force St
