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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    692 Highway 515 E Blairsville, GA 30512

    • Car washes
    • 4,086 SF
    • 1.00 lot acres
    For Sale
    View listing
    $2,999,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3009031
    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.

    Current Use by Public Records

    • Car washes

    Property Details for 692 Highway 515 E

    Year built
    2017
    Lot size
    1.00 lot acres
    Property size
    4,086 SF
    Property type
    Car washes
    APN
    085 107
    APU
    85107

    Description

    This exceptional commercial property, located at 692 E Hwy 515 in Blairsville, Georgia, presents a lucrative investment opportunity. The 1-acre lot boasts a fully operational and highly successful car wash business with consistent positive cash flow for twelve consecutive years. The facility features two automatic drive-in car washes: a McNeil Tunnel and a PDQ Lazer 360, ensuring efficient and high-volume cleaning capabilities. In addition to the automatic washes, five self-serve bays cater to customers seeking a more hands-on experience. A covered car care area provides six vacuum stations for convenient detailing. The entire property and all equipment are well-maintained, contributing to the business's sustained success. Its prime location directly on Highway 515 guarantees exceptional visibility and accessibility, attracting a large customer base. This turnkey operation offers a rare chance to acquire a profitable, established business with a proven track record in a desirable location. The asking price is $2,999,000. This represents a significant opportunity for investors seeking a stable and high-return commercial venture. The property's size and location make it ideal for continued growth and expansion. The business's history of consistent profitability makes it an attractive investment with minimal risk.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Blairsville
    County
    Union
    State
    Georgia
    Longitude
    -83.9494
    Latitude
    34.8826

    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
    $5,427
    $200,000
    $207,680
    $407,680
    -
    $500,000
    $519,200
    $1,019,200

    Comparable in this City

    • Value Estimation by Request

      262 Ga-515

      Automotive properties
      262 Ga-515, Blairsville, GA 30512
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      1,440 SF

      169 Blue Rdg St

      CAR WASH - SELF-SERVE • 1,440 SF
      169 Blue Rdg St, Blairsville, GA 30512
      View Details
    • Value Estimation by Request
      1,640 SF

      390 Cleveland St

      AUTO REPAIR, GARAGE • 1,640 SF
      390 Cleveland St, Blairsville, GA 30512-4539
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      1,330 SF

      161 Glenwood Rd

      AUTO REPAIR, GARAGE • 1,330 SF
      161 Glenwood Rd, Blairsville, GA 30512-3951
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      3,024 SF

      418 Kimsey St

      AUTO REPAIR, GARAGE • 3,024 SF
      418 Kimsey St, Blairsville, GA 30512
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    • Value Estimation by Request
      2,728 SF

      1145 Windy Hl Rd

      AUTO REPAIR, GARAGE • 2,728 SF
      1145 Windy Hl Rd, Blairsville, GA 30512-3258
      View Details

    Similar Nearby for Sale

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      Highway 515 Car Wash Business

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      692 Highway 515 E, Blairsville, GA 30512
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    • $2,999,000

      Highway 515 Car Wash

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      1,800 SF

      Blairsville Office/Retail Space Available

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    692 Highway 515 E
    Blairsville, GA 30512
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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