201 Towne Ctr Blvd Pineville, NC 28134-8576
Property profile & analytics
201 Towne Ctr Blvd Pineville, NC 28134-8576
- Car washes
- 6,256 SF
- 1.12 lot acres
Property ID
US53-0146918
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
- Wiki Wiki Carwash / Car Wash
- zips carwash / Car Wash
Property Details for 201 Towne Ctr Blvd
- Year built
- 1990
- Lot size
- 1.12 lot acres
- Property size
- 6,256 SF
- Zone code
- B-4
- Property type
- Car washes
- APN
- 22113113
- APU
- 22113113
Description
This exceptional investment opportunity presents a fee-simple ZIPS Car Wash located at 201 Towne Centre Blvd, Pineville, NC 28134, within Mecklenburg County. The property boasts 8,496 square feet on a 1.14-acre lot and enjoys a prime location in a robust retail corridor near Carolina Place Mall. Currently operating under a 19-year Absolute NNN lease with a corporate guarantee from ZIPS Car Wash, the lease commenced June 1, 2020, and has 14.5 years remaining until May 31, 2039. The lease includes attractive 1.50% annual rent escalations throughout the base term, and 7.5% increases in the six, five-year extension options. The property generates a strong NOI of $204,953, resulting in a compelling 7.75% cap rate. The 100% occupancy rate and the long-term lease provide exceptional stability and predictable cash flow. This asset is ideally suited for investors seeking a secure, high-yield investment with significant upside potential. The Pineville location benefits from a strong demographic profile, including a 1.19% population growth since 2020, and is situated in an area identified as one of the eight best places to live in the United States. Furthermore, the property's classification as a fee-simple car wash qualifies it for accelerated depreciation and 60% bonus depreciation in 2024 (consult a tax professional for details). This is a rare opportunity to acquire a well-positioned, high-performing car wash in a thriving market. The asking price is $2,644,554.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,420,000
- ML approach
- $3,555,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,782,000
Market price range: $956k - $2.78M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,045,000
- RESTAURANT
- $3,710,000
- MEDICAL BUILDING
- $2,260,000
- OFFICE BUILDING
- $2,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pineville
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8838
- Latitude
- 35.0845
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN 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
2023
$24,575
$1,737,900
$1,503,700
$3,241,600
-
$1,737,900
$1,503,700
$3,241,600
