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    FOR SALE
    Car washes

    872 River Hwy, Mooresville, NC 28117

    1,669 SF 0.52 ac lot Built 2010
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US53-1330084
    Property summary
    AI-generated overview

    This exceptional turn-key car wash business and accompanying real estate presents a rare investment opportunity in Mooresville, North Carolina. Located at 872 River Hwy, this 1,669 square foot facility sits on a 0.51-acre lot (APN: 4637-78-9653.000) and boasts a highly profitable operational history. The asking price is $925,000. Currently operating with zero employees, this largely passive ownership model offers significant potential for growth. The business benefits from over 170 monthly memberships, exhibiting year-over-year growth in both car washes and revenue. Recent extensive upgrades include a new digital advertisement sign, updated pay station, new track system, new air mitters, new LED lighting, and other equipment improvements. The property enjoys a prime location on a main retail thoroughfare, with convenient proximity to Harris Teeter, Sam's Club, and Target. Furthermore, the surrounding area is experiencing significant residential development, including new multi-family and single-family homes, promising continued growth in customer base. The current owner does not engage in active advertising, suggesting further untapped revenue potential. Market analysis projects an 11.51% population increase within one mile and a 9.45% increase within three miles. The property is also subject to bonus depreciation (consult with your CPA for details). This is a truly exceptional opportunity for a hands-off, high-return investment in a thriving community.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH - AUTOMATED
    Year built 2010
    Construction STEEL FRAME
    Total area 1,669 SF
    Lot 0.52 ac (22,521 SF)
    Zoning code CM
    APN 4637-78-9653.000
    UPID US53-1330084
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Finish Line Auto Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Velocity Motors LLC · 5 yrs held
    Velocity Motors LLC
    since 2021
    Last sale
    $392,500
    7 recorded transactions
    2021
    $392,500
    2010
    2009
    $311,500
    1969
    1969
    1969
    1969
    Zoning & alternative use
    CM · Mooresville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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