625 Rowland DrMoultrie, GA 31768

  • Retail properties
  • 2,700 SF
For Sale
$4,900,000 View listing

Property Details for 625 Rowland Dr

Year built
2022
Lot size
0.88 AC
Property size (Sq ft)
2,700 SF
Property type
Retail properties
Property subtype
Other car washes
APN
M048B 043
APU
M048B043

Description

Exceptional investment opportunity: a portfolio of nine established car washes strategically located throughout southern Georgia, primarily along the I-75 corridor. This turnkey operation boasts a total of 27 self-service bays and 6 automatic bays, generating a substantial net operating income (NOI) of $495,761 and a compelling 10.12% capitalization rate. The asking price is $4,900,000. Eight of the nine sites were constructed between the late 1980s and early 2000s, complemented by a newer location that opened in January 2023. Each property is zoned C3 - Commercial, offering considerable flexibility for future development or expansion. The portfolio benefits from high traffic counts, averaging approximately 94,360 vehicles per day (VPD), and enjoys an average parcel size of 0.54 acres, with one additional 0.91-acre site ready for development. This presents a rare opportunity to acquire a well-established, high-performing business with significant growth potential in a desirable market. The properties are located in Moultrie, Camilla, Albany (two locations), Tifton, Nashville, Adel (two locations), and Hahira, Georgia. Detailed financial information and site-specific data are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $493,269
    6.5%
    $455,325
    7%
    $422,802
  • Comparable approach

    Method
    Valuation
    Relative Method
    $483,696
    Geo Method
    $483,696
  • Alternative Use

    Use
    Valuation
    Residential
    $384,084
    Hospitality
    $351,819
    Educational
    $292,709
    Medical
    $302,776
    Retail
    $455,325
625 Rowland Dr, Moultrie, Georgia

Location Insight

City
Moultrie
County
Colquitt
State
Georgia
Latitude
31.1921
Longitude
-83.7672
CBSA code
34220
CBSA name
MOULTRIE, GA MICROPOLITAN 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
$7,074
$88,000
$123,317
$211,317
-
$220,000
$308,293
$528,293

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