625 Rowland DrMoultrie, GA 31768

Property Details for 625 Rowland Dr

Year built

2022

Lot size

0.88 AC

Property size (Sq ft)

2,700 SF

Property type

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.

• 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

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

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