3955 Ashley Phosphate Rd North Charleston, SC 29418
Property Lookup
Property profile & analytics
3955 Ashley Phosphate Rd North Charleston, SC 29418
- Car washes
- 7,647 SF
- 1.49 lot acres
Property ID
US77-1404124
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 3955 Ashley Phosphate Rd
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.49 lot acres
- Property size
- 7,647 SF
- Zone code
- I_DC
- Property type
- Car washes
- APN
- 172-15-15-020
- APU
- 1721515020
Description
This fee-simple investment opportunity presents a 5,039 square foot Zips Car Wash located at 3955 Ashley Phosphate Rd, North Charleston, SC 29418, in Dorchester County. The property sits on a 0.66-acre lot and boasts a strong 7.65% cap rate, generating a net operating income (NOI) of $274,041. Built in 2007, the car wash operates under a 20-year absolute triple-net (NNN) lease with approximately 14.1 years remaining, providing significant long-term stability. The lease commenced December 28, 2018, and expires December 31, 2038. Annual rent increases of 1.00% are built into the lease, ensuring consistent growth. Further enhancing the investment potential are six five-year tenant renewal options, extending the potential lease term to 50 years. The property is priced at $3,582,235, translating to $710.90 per square foot. This offering qualifies for 15-year accelerated depreciation and bonus depreciation, providing significant tax advantages. The tenant, Zips Car Wash, benefits from a recent $70 million investment by Atlantic Street Capital, solidifying their financial strength and commitment to the location. This is a compelling investment opportunity with substantial long-term returns and built-in growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $4,180,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,314,000
Market price range: $820k - $2.31M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Dorchester
- State
- South Carolina
- Longitude
- -80.0932
- Latitude
- 32.9222
- CBSA code
- 16700
- CBSA name
- CHARLESTON-NORTH CHARLESTON, 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
$63,822
$38,442
$124,439
$162,881
-
$640,700
$2,073,985
$2,714,685
