Listing Agency: KDS Caine Commercial Real Estate

Listed By: Tim Satterfield · License #SC 32333 Show Phone

Source: Crexi

Added: Mar 18 Changed: Oct 4 Last Checked: Oct 12 at 7:12PM

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Investment Insights

Based on property information with market context.

This commercial property features a laundromat and a car wash. The property has a size of 2,520 square feet.

Key Highlights

• Laundromat & Car Wash business opportunity
• Income‑generating property
• Business with potential for growth

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,613

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$992,260 $992.3K

Cap Rate 7%

$708,757 $708.8K

Cap Rate 9%

$551,256 $551.3K

Market Conditions

NOI Build-Up for 2,520 SF

Gross rent

$77.4K $30.72/SF

− Vacancy

−$11.3K −$4.47/SF

EGI

$66.2K $26.25/SF

− OpEx

−$16.5K −$6.56/SF

NOI

$49.6K $19.69/SF

Area

Spartanburg County, SC

Vacancy

14.55%

Lease Rate

$30.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$992,260

Cap Rate 7%

$708,757

Cap Rate 9%

$551,256

Alternative Uses

Best Use

Industrial

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,777 @ 7.0% cap · market cap 14.19%

Second Best

Specialty Retail

$708.8K

$620.2K – $826.9K (±1% cap)

NOI $49,613 @ 7.0% cap · market cap 6.24%

Theoretical Best

Warehouse

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,943 @ 7.0% cap · market cap 17.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Car washes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Pharmacy Building Supply Spa & Massage Center Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

7,665 visits/mo 0.4 miles

Family Dollar Shops & Services

5,615 visits/mo 0.4 miles

Demographics for 29320, SC

907

Population

310

Households

2.9

Avg Household Size

34

Median Age

36%

College-Educated

90%

High-School Grad

0.6 sq mi

ZIP Area

1,512

Density / Sq Mi

$35,463

Median Household Income

$953

Median Rent

$78,500

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?

Frequently Asked Questions

What type of property is this?

Car wash - Commercial property featuring a laundromat and car wash.

Where is this car wash located?

The property is located at 721 W Blackstock Rd Arcadia, SC.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Laundromat & Car Wash business opportunity; Income‑generating property; Business with potential for growth