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Property profile & analytics
OFF-MARKET
Industrial properties

1102 3rd St Farmville, VA 23901-1678

1.36 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-2745823
Property summary
AI-generated overview

This exceptional commercial property offering presents a lucrative investment opportunity in Farmville, VA. The sale includes two strategically located properties: 2011 S Main St and 1102 W 3rd St, operating together as the well-established Washbox Carwash. The combined properties boast a total of 4,012 square feet situated on a half-acre lot. The 2011 S Main St location features one automatic bay and three self-serve bays. The 1102 W 3rd St location includes one automatic touch-free bay and one self-serve bay, along with a valuable addition: a garage featuring a well-rented apartment above. This provides a significant supplemental income stream. The sale price of $2,999,900 includes all existing equipment and the established business, offering immediate cash flow potential. Significant upgrades and improvements have been implemented within the last two to three years, enhancing the properties' value and operational efficiency. The business model is already proven successful in the Richmond metro area, and there's potential for further growth through the addition of monthly subscription services. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success. Note that the owner is selling these two properties together only.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 1.36 ac (59,242 SF)
APN 023A913 A
UPID US87-2745823
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Taylor-Forbes Equipment Company Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Washbox 3rd LLC · 2 yrs held
Washbox 3rd LLC
since 2023
1 recorded transaction
2023
$375,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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