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Property profile & analytics
OFF-MARKET
Car washes
1270 Lamar Ave Memphis, TN 38104-4524
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-3419363
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2014
Total area
1,890 SF
Lot
0.53 ac (23,174 SF)
Zoning code
CMU-3
APN
015-001- - -00074
UPID
US80-3419363
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
-
Take 5 Car Wash Car Wash
-
Car Wash USA Express 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
Spirit Master Funding X LLC · 6 yrs held
Spirit Master Funding X LLC
since 2019
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,021
Tax year 2022
Assessed value
$213,760
Assessed 2023
Previous assessed
$213,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$21,960
Assessed improvement
$191,800
Land market value
$54,900
Improvement market value
$479,500
Total market value
$534,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,890 SF
Lot
0.53 ac (23,174 SF)
Zoning code
CMU-3
APN
015-001- - -00074
UPID
US80-3419363
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
$557,276
Spirit Master Funding X LLC
Imo Us South LLC
Grant Deed
related
—
Aug 20, 2015
$29,040,000
Imo Us South LLC
Car Wash USA Express Holdings
Grant Deed
—
Oct 3, 2014
—
Car Wash USA Express Holdings
—
Grant Deed
related
$8,371,076 · Centennial Bk
Aug 26, 2013
—
Car Wash USA Express Lamar LLC
—
Trustees Deed
related
$880,000 · Metropolitan Bank
Aug 20, 2013
$190,000
Car Wash USA Express Lamar LLC
Renaissance Memphis LLC
Warranty Deed
—
Jun 7, 2005
$220,000
Renaissance Memphis LLC
National Loan Investors
Grant Deed
$198,000 · First Citizens National Bank
Nov 29, 2001
$685,047
National Loan Investors LP
Helm Enterprises INC
Trustees Deed
related
—
Nov 8, 2001
—
Larry Conway
People Place Enterprises INC
Quit Claim Deed
related
—
Jan 27, 1999
$60,000
People Place Enterprises INC
Jacmar Enterprises INC
Grant Deed
—
—
—
People Place Enterprises INC
—
Deed Of Trust
related
$50,000 · Helm Enterprises INC
—
—
Imo Us South LLC
—
Deed Of Trust
related
$15,000,000 · Centennial Bk
—
—
Renaissance Memphis LLC
—
Loan Modification
related
—
—
—
Imo Us South LLC
—
Loan Modification
related
$23,883,000 · Centennial Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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