Property profile

7723 University City Blvd Charlotte, NC 28213

OFF-MARKET
Auto shops
Property ID
US53-0697722
5,211 SF 1.1 ac lot Built 1996
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This commercial property is configured as a high-volume lube shop combined with an automated express car wash on a 1.13-acre site. It includes a 6,613-square-foot building with 5,211 square feet of finished space. The car wash and lube operation include recently installed/updated components such as a new conveyor belt, hoses, and brushes, and the property has had significant improvements to the car wash system, along with installed equipment including PECO systems and DRB Tunnel Watch XTB water treatment. The site is located in a densely populated, growth-oriented area near the University area with frontage along a road carrying a stated daily traffic count of 31,500. The property is owner-operated and is not described as leased.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1996
Total area 5,211 SF
Lot 1.1 ac (47,829 SF)
Zoning code B-2
APN 4924107
UPID US53-0697722

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Wash
  • Auto Repair Shop

Location

7723 University City Blvd Charlotte, NC 28213-8119
Charlotte metro Census 5604 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2018
5 recorded transactions
2018
$1.0M
2018
Price N/A
2007
$900,000
2007
$900,000
1996
Price N/A

Zoning & alternative use

B-2 · Charlotte, NC

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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