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Property profile

2208 Main St Wake Forest, NC 27587

OFF-MARKET
Car washes
Property ID
US53-5541873
View Sample
2,200 SF 0.4 ac lot Built 1980
Entity Owned 18-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 2,200 square foot car wash property, located at 2208 S Main St in Wake Forest, North Carolina (zip code 27587), presents a unique investment opportunity. Situated in Wake County, this special-purpose property offers significant potential for either upgrading the existing car wash operation or pursuing complete redevelopment. The property's prime location ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures in the car wash industry. The 2,200 square feet of space provides ample room for operations and potential expansion. The property's coordinates are 35.9468865 latitude and -78.5374549 longitude. Given its strategic location and existing infrastructure, this car wash presents a compelling investment opportunity with considerable upside potential. Whether you are looking to capitalize on a well-established business or envision a new development project, this property warrants serious consideration. The existing structure offers a solid foundation for either enhancing the current car wash or creating a completely new venture. This is a rare chance to acquire a property in a thriving area with significant growth prospects.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1980
Construction BRICK
Total area 2,200 SF
Lot 0.4 ac (17,424 SF)
Zoning code HB
APN 1739.02-69-9817 0121787
UPID US53-5541873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2008
1 recorded transaction
2008
$425,000

Zoning & alternative use

HB · Wake Forest, NC
Zoning description

The Highway Business District is generally located on the major thoroughfares in town and provides opportunities for the provision of offices, services, and retail goods. The regulations for this district are intended to…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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