Two-Bay Self-Service Car
New
For Sale
$645,000
76 Sammy Mcghee Blvd, Jasper, GA 30143
Operating car wash with upgraded equipment, vacuum stations, and convenient highway access.
Property Size1,849 SF
Price / SF$348.84
Days on Market5
Property Features for 76 Sammy Mcghee Blvd
General Information
Standard status
Active
Size
1,849 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Car Wash Bays
2
Amenities
four vacuum/shampoo stations
Building Details
Year Built
2010
Listing Agency:
Century 21 Lindsey & Pauley
(770) 377-5034
Listed By:
Salone Griffin · License #374564
Source:
Davenportgroupga
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 6:33AM
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 Century 21 Lindsey & Pauley
Investment Insights
Based on property information with market context.
Located at 76 Sammy Mcghee Blvd in Jasper, this operating self-service car wash includes a two-bay automated wash and four vacuum/shampoo stations. The property was built in 2010 and includes multiple upgrades to the existing operation.
The site is positioned just off Highway 515 near downtown Jasper, with proximity to the post office and other local businesses. Ample parking, straightforward access, and visibility from the surrounding roadway support the current car wash use. The property also includes an equipment list and P&L available upon request.
The site is positioned just off Highway 515 near downtown Jasper, with proximity to the post office and other local businesses. Ample parking, straightforward access, and visibility from the surrounding roadway support the current car wash use. The property also includes an equipment list and P&L available upon request.
Key Highlights
- Two‑bay automated car wash
- Four vacuum/shampoo stations
- Multiple upgrades to the existing operation
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
$29,714
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
4.61%
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%
$594,280
$594.3K
Cap Rate 7%
$424,486
$424.5K
Cap Rate 9%
$330,156
$330.2K
Market Conditions
NOI Build-Up for 1,849 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
$42.6K $23.04/SF
− Vacancy
−$3.0K −$1.61/SF
EGI
$39.6K $21.43/SF
− OpEx
−$9.9K −$5.36/SF
NOI
$29.7K $16.07/SF
Area
Pickens County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$594,280
Cap Rate 7%
$424,486
Cap Rate 9%
$330,156
Alternative Uses
Best Use
Specialty Retail
$424.5K
$371.4K – $495.2K
NOI $29,714 @ 7.0% cap · market cap 4.61%
Second Best
Retail
$371.5K
$325.1K – $433.5K
NOI $26,007 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$516.9K
$452.3K – $603.0K
NOI $36,181 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 30143, GA
24,476
Population
12,549
Households
2
Avg Household Size
49
Median Age
32%
College-Educated
92%
High-School Grad
145.3 sq mi
ZIP Area
168
Density / Sq Mi
$79,879
Median Household Income
$42,635
Median Earnings
$1,085
Median Rent
$324,900
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?
Self service car wash - Operating car wash with upgraded equipment, vacuum stations, and convenient highway access.
Where is this self service car wash located?
The property is located at 76 Sammy Mcghee Blvd Jasper, GA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑bay automated car wash; Four vacuum/shampoo stations; Multiple upgrades to the existing operation
