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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Car washes
1530 Pleasant Run Rd, Lancaster, TX 75146-1214
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2814444
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2001
Construction
TILT-UP CONCRETE
Total area
4,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
Z04
APN
360350000A0010000
UPID
US83-2814444
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
-
Shine Car Wash Car Wash
-
Extraction of Broken Keys Lancaster Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$625k
Blend (final)
Blend
$535k
Owner & transaction history
Pleasant Run Road Carwash LP · 4 yrs held
Pleasant Run Road Carwash LP
since 2022
7 recorded transactions
Zoning & alternative use
Z04 · Lancaster, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$490,000
+4.4%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
Method
Estimation
Statistic approach
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$470,000
Current use
RETAIL STORES
$490,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$390,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,865
Tax year 2023
Assessed value
$865,410
Assessed 2023
Previous assessed
$865,410
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$372,000
Assessed improvement
$493,410
Land market value
$372,000
Improvement market value
$493,410
Total market value
$865,410
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
Status
Off-Market
Year built
2001
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
1
Total area
4,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
Z04
APN
360350000A0010000
UPID
US83-2814444
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z04 · Lancaster, TX
Zoning Z04 · permitted uses
Z04 · Lancaster, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$470,000
RETAIL STORES
Est. value
$490,000
OFFICE BUILDING
Est. value
$390,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Pleasant Run Road Carwash LP
Entity
Mailing address
2721 N VIS KNL RD, ORANGE, CA 92867-1749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
Pleasant Run Road Carwash LP
Orange Vista LLC
Lease
$1,950,000 · Bay Commercial Bank
Jul 19, 2017
—
Pleasant Run Road Carwash LP
Fleming Family Trust
Special Warranty Deed
—
Jul 31, 2015
—
Boaz Casey
Viking Car Wash LLC
Venders Lien
$1,437,000 · First Chatham Bank
Dec 7, 2011
—
Viking Car Wash LLC
Southwest Securities Fsb
Grant Deed
—
Mar 1, 2011
—
Southwest Securities Fsb
Meredith,matthew C
Trustees Deed
related
—
Feb 10, 2009
—
Milk Way INC
Roellen Gin Co INC
Grant Deed
$650,000 · Southwest Securities Bank
Feb 14, 2008
—
Roellen Gin Co INC
Blc Real Estate LLC
Grant Deed
—
Aug 20, 2007
$885,970
Blc Real Estate LLC
Repass,brad
Trustees Deed
related
—
Nov 5, 2001
—
Lancaster Baywash INC
Kwik Industries INC
Grant Deed
$1,242,000 · Amresco Independence Funding
Jul 13, 2000
—
Kwik Industries INC
Blue Grove LP
Grant Deed
$160,000 · Inwood National Bank
—
—
Pleasant Run Road Carwash LP
—
Deed Of Trust
related
$2,602,000 · National Bk/az
—
—
Pleasant Run Road Carwash LP
—
Deed Of Trust
related
$1,462,500 · National Bk/az
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.
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