Realmo Analytics
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Property summary
This exceptional investment opportunity presents a fee-simple 3,336 square foot car wash in Richmond, Virginia, operating under an absolute NNN lease with Flagstop Car Wash. The property boasts a strong 18.4 years remaining on the original 20-year lease, featuring 2% annual rent escalations throughout the base term and further secured by four and five-year extension options. The current annual net operating income (NOI) stands at $275,000, yielding a compelling 6.90% cap rate on the… $3,985,507 asking price, translating to a price per square foot of $1,194.70. The property sits on a 0.91-acre lot and was built in 2007. The tenant is backed by a corporate guarantee, providing significant security for investors. Benefiting from its location in a robust retail corridor with approximately 36,000 vehicles per day, the car wash shares access with a high-performing Wawa, ranking in the 80th percentile nationwide. The affluent surrounding demographics and high average household income of $121,412 within a 5-mile radius further enhance the property's appeal. This asset is ideally positioned to benefit from the rapid growth of the car wash industry, with 72% of drivers utilizing professional car washing services. Furthermore, fee-simple car wash properties are eligible for accelerated depreciation and 60% bonus depreciation in 2024 (consult a tax professional for details). This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 15 properties in this cityComparable in this city
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,336 SF
- Lot area
- 0.91 ac
- Year built
- 2008
- Stories
- 1
- APN
- 770-756-1815
- Zoning
- B-1
- Assessed value · 2024
- $723,300
- Annual tax · 2023
- $6,003
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
Sec. 24-3408. B-1 Business District. A. Purpose. The purpose of the B-1 Business District is to provide lands primarily for low- intensity retail and personal service uses that serve the needs of relatively small land ar…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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