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Property profile & analytics
OFF-MARKET
Self service car washes
1691 Main St Kannapolis, NC 28081-5921
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2427065
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,046 SF
Lot
0.66 ac (28,750 SF)
Zoning code
GC
APN
5613 60 8132
UPID
US53-2427065
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
-
Bob's Carwash of Kannapolis 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
Queen City Wash LLC · 2 yrs held
Queen City Wash LLC
since 2024
Last sale
$205,000
7 recorded transactions
Zoning & alternative use
GC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DI…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
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 Kannapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kannapolis 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,631
Tax year 2024
Assessed value
$319,740
Assessed 2024
Previous assessed
$276,120
+15.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$125,130
Assessed improvement
$194,610
Land market value
$125,130
Improvement market value
$194,610
Total market value
$319,740
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,046 SF
Lot
0.66 ac (28,750 SF)
Zoning code
GC
APN
5613 60 8132
UPID
US53-2427065
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NCZoning GC · permitted uses
GC · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DISTRICTS CD Campus Development Appendix B CD-R Campus Development Residential C-1 L
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Queen City Wash LLC
Entity
Mailing address
18903 COVESIDE LN, CORNELIUS, NC 28031-5252
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$220,000
Queen City Wash LLC
Stevens Realty Group LLC
Warranty Deed
$176,000 · Pinnacle Bank
Jul 2, 2024
$190,000
Stevens Realty Group LLC
Bobs Car Wash Kannapollis LLC
Warranty Deed
—
Jul 18, 2012
—
Bobs Car Wash Of Kannapolis LLC
Pruitt,douglas & Krista
Quit Claim Deed
related
—
Apr 12, 2010
—
Douglas Pruitt
Watson,robert E & Lois J
Quit Claim Deed
related
—
Jun 29, 2009
—
Robert E Watson
Watson R E & L J 2 Trust
Quit Claim Deed
related
$300,000 · Carolina Trust Bank
Oct 24, 2008
$400,000
Robert E Watson
Ccw Realty LLC
Warranty Deed
—
—
—
Bobs Car Wash Of Kannapolis LLC
—
Deed Of Trust
related
$416,000 · Yadkin Bk
—
—
Robert Watson
—
Deed Of Trust
related
$55,000 · Carolina Trust Bank
—
—
Bobs Car Wash Of Kannapolls LLC
—
Deed Of Trust
related
$326,000 · Carolina Trust Bank
—
—
Bobs Car Wash Of Kannapolis LLC
—
Deed Of Trust
related
$150,000 · Heather O'brien
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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