Back to Search
Property profile & analytics
OFF-MARKET
Self service car washes
20833 Catawba Ave Cornelius, NC 28031
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1796110
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1986
Total area
2,154 SF
Lot
1.23 ac (53,405 SF)
Zoning code
NR
APN
319406
UPID
US53-1796110
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
-
Soda South Restaurant
-
OTC Food Truck Village Restaurant
-
Closed Car Wash
-
Carnalitos mexican grille Restaurant
-
The Factory Hot Dogs Restaurant Take-out & Catering
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
Cornelius Car Wash LLC · 6 yrs held
Cornelius Car Wash LLC
since 2019
3 recorded transactions
Zoning & alternative use
NR · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile…
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 ac
Source
Realmo
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
$5,405
Tax year 2023
Assessed value
$836,400
Assessed 2024
Previous assessed
$863,800
-3.2% YoY
Effective rate
0.65%
On assessed value
Assessed land
$750,000
Assessed improvement
$86,400
Land market value
$750,000
Improvement market value
$86,400
Total market value
$836,400
Applied tax rate
2.0000
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
2,154 SF
Lot
1.23 ac (53,405 SF)
Zoning code
NR
APN
319406
UPID
US53-1796110
Jurisdiction
MECKLENBURG
Zoning & alternative use
NR · Cornelius, NCZoning NR · permitted uses
NR · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile speeds.
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Cornelius Car Wash LLC
Entity
Free & Clear · 6 yrs held
Mailing address
17037 FRESHWATER LN, CORNELIUS, NC 28031-5524
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2019
$725,000
Cornelius Car Wash LLC
Syracuse Corp
Warranty Deed
—
Jul 29, 1993
$295,500
Handykleen Corporation
Unknown
Grant Deed
—
—
—
Syracuse Corp
—
Deed Of Trust
related
$350,000 · Suntrust Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20833 Catawba Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
