157 Plz Dr Forest City, NC 28043-3711
Property profile & analytics
157 Plz Dr Forest City, NC 28043-3711
- Car washes
- 4,092 SF
- 1.39 lot acres
Property ID
US53-3213211
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Car washes
Property Details for 157 Plz Dr
- Lot size
- 1.39 lot acres
- Property size
- 4,092 SF
- Zone code
- M1
- Property type
- Car washes
- APN
- 1630142
- APU
- 1630142
Description
Exceptional investment opportunity: a thriving Mach-1 Express Car Wash in Forest City, North Carolina, presents a compelling proposition for discerning investors. This 4,092 square foot facility, constructed in 2020, sits on a 1.39-acre lot at 157 Plaza Dr, 28043, boasting excellent visibility and accessibility with approximately 21,000 vehicles passing daily. The property benefits from its strategic outparcel location to a Walmart Supercenter. Currently operating under a triple-net (NNN) lease with a corporate and personal guarantee, the lease commenced September 8, 2022, and has a remaining term of approximately 17.9 years, extending to September 30, 2042, with 4, 5-year renewal options. The lease includes a 1.50% annual rent increase. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $271,979, resulting in a 7.00% capitalization rate. The asking price is $3,885,000, translating to $949.41 per square foot. This investment is further enhanced by its location in an Opportunity Zone and Census Tract 9609. The property includes 22 parking spaces. This is a rare opportunity to acquire a high-performing, long-term leased asset in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,965,000
- ML approach
- $3,760,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Forest City
- County
- Rutherford
- State
- North Carolina
- Longitude
- -81.8969
- Latitude
- 35.3343
- CBSA code
- 22580
- CBSA name
- FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$4,898
$454,100
$230,500
$684,600
-
$454,100
$230,500
$684,600
