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Property profile & analytics
FOR SALE
Car washes
2040 Olde Regent Way, Leland, NC 28451
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1606408
For Sale
1 / 8
$675,000
2040 Olde Regent Way, Leland, NC 28451
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2016
Total area
5,249 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C2
APN
370005592
UPID
US53-1606408
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Spirit Master Funding X LLC · 4 yrs held
Spirit Master Funding X LLC
since 2022
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
C2 · Leland, 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 Leland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leland 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
$5,315,000
ML approach
$5,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.73M
Range $5.16M – $6.30M · ±10% · vs last sale $6.22M (May 26 2022)
Last sale anchor
$6.22M
May 26 2022
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
$1,092 / 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
$2,735,920
Assessed 2023
Previous assessed
$1,242,220
+120.2% YoY
Assessed land
$1,245,860
Assessed improvement
$1,490,060
Land market value
$1,245,860
Improvement market value
$1,490,060
Total market value
$2,735,920
Applied tax rate
31.0000
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
Status
For Sale
Year built
2016
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
5,249 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C2
APN
370005592
UPID
US53-1606408
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Leland, NC
Zoning C2 · permitted uses
C2 · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
HEAT PUMP
Cooling
Yes
Lot
2.05 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5821 FAIRVIEW RD STE #400, CHARLOTTE, NC 28209-3649
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
Spirit Master Funding X LLC
Carolina Shores Car Wash LLC
Quit Claim Deed
related
—
May 26, 2022
$6,216,000
Spirit Master Funding X LLC
Carolina Shores Properties LLC
Special Warranty Deed
—
Mar 10, 2021
—
Carolina Shores Properties LLC
—
Deed
related
$2,288,263 · Pinnacle Bk
Feb 26, 2021
$1,200,000
Carolina Shores Properties LLC
Leland Town Center LLC
Grant Deed
$960,000 · First Sentinel Bk
May 3, 2019
—
Carolina Shore Properties LLC
—
Deed
related
$2,206,250 · Cogent Bank
Jan 15, 2016
—
Carolina Shores Properties LLC
—
Trustees Deed
related
$2,810,000 · Bankunited Fsb
Nov 6, 2015
$850,000
Carolina Shores Properties LLC
Exum Holdings LLC
Warranty Deed
—
Mar 30, 2012
—
Exum Holdings LLC
—
Grant Deed
related
$2,300,000 · Us Income Partners LLC
Dec 1, 2005
—
Exum Holdings LLC
Owner Name Unavailable
Warranty Deed
related
—
—
—
Carolina Shores Properties LLC
—
Loan Modification
related
$2,288,263 · Pinnacle 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.
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