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Property profile & analytics
OFF-MARKET
Car washes
1624 Stokes Fry Rd Salisbury, NC 28146-6026
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1086504
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1999
Total area
3,384 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B6
APN
058 530
UPID
US53-1086504
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
-
Pop’s Auto Spa 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
Mchicks Real Estate Holdings LLC · 3 yrs held
Mchicks Real Estate Holdings LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
B6 · Salisbury, NC
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 Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,159
Tax year 2023
Assessed value
$347,701
Assessed 2023
Previous assessed
$301,161
+15.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$221,829
Assessed improvement
$125,872
Land market value
$221,829
Improvement market value
$125,872
Total market value
$347,701
Applied tax rate
101.0000
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
1999
Heating
NONE
Stories
1
Units
1
Total area
3,384 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B6
APN
058 530
UPID
US53-1086504
Jurisdiction
ROWAN
Zoning & alternative use
B6 · Salisbury, NC
Zoning B6 · permitted uses
B6 · Salisbury, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Mchicks Real Estate Holdings LLC
Entity
Mailing address
901 SUNSET DR, GREENSBORO, NC 27408-7205
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Mchicks Real Estate Holdings LLC
—
Deed
related
$600,000 · First National Bank Of Pennsylvania
Dec 21, 2022
$1,250,000
Mchicks Real Estate Holdings LLC
P & L Butler Group LLC
Warranty Deed
$600,000 · P & L Butler Group LLC
Sep 13, 2019
$239,000
P & L Butler Group LLC
Souder Properties INC
Warranty Deed
$189,000 · Souder Properties INC
Sep 15, 2015
$525,000
Souder Properties INC
First Troy Spe LLC
Grant Deed
$420,000 · Charlotte Metro Cu
Jul 26, 2013
$324,750
First Troy Spe LLC
Horton Elise B M
Trustees Deed
related
—
Jul 23, 2013
$325,000
First Troy Spe LLC
Sunshine Carwashes LLC
Grant Deed
related
—
—
—
Sunshine Carwashes LLC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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