Warehouse and Carwash
For Sale
$800,000
91 Corban Ave SW, Concord, NC 28025
Warehouse and carwash near Downtown Concord with income potential.
Property Size3,462 SF
Lot Size1.25 Acres
Price / SF$231.08
Days on Market195
Property Features for 91 Corban Ave SW
General Information
Standard status
Active
Size
3,462 SF
Lot size
1.25 Acres
Building Details
Year Built
1983
Listing Agency:
Britt Commercial Real Estate, LLC
Listed By:
Zach Britt · License #315119
(615) 971-1553
Source:
Lewisandkirk
Added: Apr 3
Changed: Oct 14
Last Checked: Oct 7 at 3:12PM
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 Britt Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to acquire both a warehouse and a carwash on 1.25 acres, situated just three blocks from the growing Downtown Concord area. The property features a fully operational 4-stall self-serve car wash alongside a 3,462 square foot industrial warehouse. The warehouse is currently occupied by a long-term tenant of over 10 years, operating under a month-to-month agreement. The carwash is operating at its lowest potential, with opportunities for a new owner to increase revenue through updates such as adding card readers and adjusting prices. Given the cashflow, size, and location, this property can also be a strong covered commercial land play in one of the Charlotte MSA's most active growth markets. The property is suitable for self-service car washes, car washes, automotive properties, retail spaces, warehouses, and industrial purposes.
Key Highlights
- Prime location just three blocks from growing Downtown Concord.
- Includes a fully operational 4‑stall self‑serve car wash and a 3,462 SF industrial warehouse.
- Significant revenue increase potential with minimal capital investment in the car wash.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,039
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,780
$1.3M
Cap Rate 7%
$943,414
$943.4K
Cap Rate 9%
$733,767
$733.8K
Market Conditions
NOI Build-Up for 3,462 SF
Gross rent
$93.5K $27.00/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$88.1K $25.43/SF
− OpEx
−$22.0K −$6.36/SF
NOI
$66.0K $19.08/SF
Area
Concord, NC
Vacancy
5.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,780
Cap Rate 7%
$943,414
Cap Rate 9%
$733,767
Alternative Uses
Best Use
Specialty Retail
$943.4K
$825.5K – $1.10M
NOI $66,039 @ 7.0% cap · market cap 8.25%
Second Best
Retail
$757.5K
$662.8K – $883.7K
NOI $53,022 @ 7.0% cap · market cap 6.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Warehouse and carwash near Downtown Concord with income potential.
Where is this self service car wash located?
The property is located at 91 Corban Ave SW Concord, NC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location just three blocks from growing Downtown Concord.; Includes a fully operational 4‑stall self‑serve car wash and a **3,462 SF industrial warehouse**.; Significant revenue increase potential with minimal capital investment in the car wash.
