Profitable Car Wash on
For Sale
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3425 N Main St, High Point, NC 27265
Well-maintained car wash in High Point with income potential.
Property Size3,432 SF
Price / SF$247.67
Days on Market160
Property Features for 3425 N Main St
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Business for Sale
Zoning
CHB
Investment Type
Owner/User
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Guilford Realty Group.
(336) 574-1343
Listed By:
Rebecca Carter · License #333430
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 12 at 3:17PM
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 Guilford Realty Group.
Investment Insights
Based on property information with market context.
Located along the highly traveled corridor of North Main Street, the property at 3425 N Main Street presents an opportunity to acquire a well-maintained car wash in High Point. The property benefits from strong daily traffic counts, street visibility, and easy access. This car wash has a solid operating history and has been consistently maintained, offering a turnkey opportunity for an owner-operator or investor. The site is positioned in a busy commercial area surrounded by residential neighborhoods, retail, and service businesses, helping to generate consistent customer flow. The property size is 3432 square feet. This property provides an investment opportunity with immediate income potential.
Key Highlights
- Prime location on highly traveled North Main Street with high visibility and easy access.
- Established and well‑maintained car wash with a solid operating history.
- Turnkey opportunity for owner‑operator or investor.
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
$47,938
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
5.64%
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%
$958,760
$958.8K
Cap Rate 7%
$684,829
$684.8K
Cap Rate 9%
$532,644
$532.6K
Market Conditions
NOI Build-Up for 3,432 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
$65.9K $19.20/SF
− Vacancy
−$2.0K −$0.58/SF
EGI
$63.9K $18.62/SF
− OpEx
−$16.0K −$4.66/SF
NOI
$47.9K $13.97/SF
Area
High Point, NC
Vacancy
3.00%
Lease Rate
$19.20 /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%
$958,760
Cap Rate 7%
$684,829
Cap Rate 9%
$532,644
Alternative Uses
Best Use
Specialty Retail
$684.8K
$599.2K – $799.0K
NOI $47,938 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$599.2K
$524.3K – $699.1K
NOI $41,946 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$884.5K
$773.9K – $1.03M
NOI $61,913 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 27265, NC
52,530
Population
22,526
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
1,266
Density / Sq Mi
$70,929
Median Household Income
$43,006
Median Earnings
$1,123
Median Rent
$239,400
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 - Well-maintained car wash in High Point with income potential.
Where is this car wash located?
The property is located at 3425 N Main St High Point, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location on highly traveled North Main Street with high visibility and easy access.; Established and well‑maintained car wash with a solid operating history.; Turnkey opportunity for owner‑operator or investor.
