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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Car washes
200 Carl Eller Rd, Mars Hill, NC 28754
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2816231
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2008
Total area
2,678 SF
Lot
1 ac (43,560 SF)
Zoning code
R-A
APN
9747-93-0717
UPID
US53-2816231
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
-
Car Crazy Mars Hill Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Ox Investments LLC · 5 yrs held
Ox Investments LLC
since 2020
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
R-A · Mars Hill, 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 Mars Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mars Hill 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
$1,205,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.00M (Dec 23 2020)
Last sale anchor
$1.00M
Dec 23 2020
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
$409 / 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
Property tax & assessments
Assessed value
$637,996
Assessed 2023
Previous assessed
$637,996
+0.0% YoY
Assessed land
$446,080
Assessed improvement
$191,916
Land market value
$446,080
Improvement market value
$191,916
Total market value
$637,996
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Total area
2,678 SF
Lot
1 ac (43,560 SF)
Zoning code
R-A
APN
9747-93-0717
UPID
US53-2816231
Jurisdiction
MADISON
Zoning & alternative use
R-A · Mars Hill, NC
Zoning R-A · permitted uses
R-A · Mars Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mars Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
YES
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Ox Investments LLC
Entity
Mailing address
2435 EN ST STE #1108, GREENVILLE, SC 29615-1442
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$1,000,000
Ox Investments LLC
East Coast Management Ltd
Warranty Deed
$600,000 · East Coast Management Ltd
Dec 14, 2018
$750,000
East Coast Management Ltd
Car Crazy INC
Warranty Deed
—
Dec 12, 2018
$750,000
Car Crazy INC
Vetteco LLC
Warranty Deed
—
Jun 3, 2015
—
Vetteco LLC
Car Crazy INC
Warranty Deed
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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