Turnkey Car Wash
For Sale
Contact for pricing
1723 S Miami Boulevard, Durham, NC 27703
Established, fully operational car wash configured for immediate operation and income production.
Property Size4,474 SF
Price / SF$334.15
Days on Market113
Property Features for 1723 S Miami Boulevard
General Information
Standard status
Active
Size
4,474 SF
Property subtype
Special Purpose
Zoning
Commercial General (CG)
Investment Type
Stabilized
Net Operating Income
$170,262
Additional Details
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
CityPlat LLC
Listed By:
Graham Storey · License #NC 298847
(919) 698-8799
Source:
Crexi
Added: Jun 15
Changed: Sep 23
Last Checked: Oct 4 at 9:56AM
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 CityPlat LLC
Investment Insights
Based on property information with market context.
This established car wash facility is offered as a turnkey ownership opportunity. The property is fully operational, and the business is described as income-producing and cash-flowing from day one. It is positioned for an owner-operator or an investor seeking a car wash with operating status at the time of sale.
The property is located at 1723 S Miami Blvd in Durham, North Carolina. The listing provides a specific street address for access and due diligence, and the offering is marketed as a proven, operating site rather than a redevelopment or value-add concept.
For prospective buyers, the practical advantage here is continuity of operations, since the facility is already operating and characterized as income-producing in the provided materials. This type of asset can be an effective fit for buyers who want an automotive-focused business with an operational track record at closing, subject to standard underwriting, inspections, and review of all operational and financial documents during due diligence.
The property is located at 1723 S Miami Blvd in Durham, North Carolina. The listing provides a specific street address for access and due diligence, and the offering is marketed as a proven, operating site rather than a redevelopment or value-add concept.
For prospective buyers, the practical advantage here is continuity of operations, since the facility is already operating and characterized as income-producing in the provided materials. This type of asset can be an effective fit for buyers who want an automotive-focused business with an operational track record at closing, subject to standard underwriting, inspections, and review of all operational and financial documents during due diligence.
Key Highlights
- Established, fully operational car wash at 1723 S Miami Blvd in Durham
- Income‑producing property configured for immediate operation and income production
- Car wash is fully operational and cash‑flowing from day one
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,885
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,700
$1.3M
Cap Rate 7%
$941,214
$941.2K
Cap Rate 9%
$732,056
$732.1K
Market Conditions
NOI Build-Up for 4,474 SF
Gross rent
$94.0K $21.00/SF
− Vacancy
−$6.1K −$1.37/SF
EGI
$87.8K $19.64/SF
− OpEx
−$22.0K −$4.91/SF
NOI
$65.9K $14.73/SF
Area
Durham, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,700
Cap Rate 7%
$941,214
Cap Rate 9%
$732,056
Alternative Uses
Best Use
Specialty Retail
$941.2K
$823.6K – $1.10M
NOI $65,885 @ 7.0% cap · market cap 4.41%
Second Best
Industrial
$844.6K
$739.0K – $985.4K
NOI $59,121 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,129 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 20%
Home Improvements & Furnishings 2%
Bojangles' Famous Chicken 'n Biscuits
Dining
33,435 visits/mo
0.0 miles
Cook Out
Dining
25,679 visits/mo
0.2 miles
McDonald's
Dining
20,197 visits/mo
0.1 miles
Wendy's
Dining
16,240 visits/mo
0.2 miles
BP
Shops & Services
12,792 visits/mo
0.3 miles
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Car wash - Established, fully operational car wash configured for immediate operation and income production.
Where is this car wash located?
The property is located at 1723 S Miami Boulevard Durham, NC.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Established, fully operational car wash at 1723 S Miami Blvd in Durham; Income‑producing property configured for immediate operation and income production; Car wash is fully operational and cash‑flowing from day one
