6830 Cliffdale Rd Fayetteville, NC 28314-1936
- Car washes
- 3,626 SF
- 0.83 lot acres
Current Use by Public Records
- Black and Intellectual / E-Commerce Service / Western Apparel Store
- Cliffdale Laser Wash / Car Wash
Property Details for 6830 Cliffdale Rd
- Year built
- 2003
- Lot size
- 0.83 lot acres
- Property size
- 3,626 SF
- Zone code
- LC
- Property type
- Car washes
- APN
- 9497-76-4792
- APU
- 9497764792
Description
This exceptional investment opportunity presents two well-established car washes in Fayetteville, NC, generating a combined NOI of $162,781 and a 10.17% cap rate. The portfolio includes the Cliffdale Laserwash (7,898 sq ft on 0.83 acres), featuring two automated laser washes, five self-wash bays, and six vacuum stations, plus two additional vacuum/shampoo/fragrance stations. This location boasts a daily traffic count of 35,755 vehicles and is conveniently situated 0.75 miles from I-295 (Exit 21), benefiting from excellent visibility and accessibility. The Camden Road Laserwash (located on 0.79 acres) offers two automated laser washes, five self-wash bays, and four vacuum stations, enjoying a daily traffic count of 8,047 vehicles. Its strategic location is 0.08 miles from Owen Dr. (34,000 VPD) and 0.67 miles from I-95 Business, ensuring consistent customer traffic. Both car washes are meticulously maintained and situated within thriving residential areas, providing a strong and stable customer base. Built between 2001 and 2004, this portfolio offers a compelling return on investment with a total asking price of $1,600,000 ($202.58/sq ft). The properties are zoned LC-CC and represent a rare opportunity to acquire a turnkey, high-performing car wash portfolio in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $385,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $445,000
- Mixed-Use
- $385,000
- Hospitality
- $460,000
- Educational
- $390,000
- Residential Income
- $375,000
- Energy
- $360,000
- Income-Based Land
- $435,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -79.0084
- Latitude
- 35.0599
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
