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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Car washes
220 Faith Rd Salisbury, NC 28146-7006
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0958511
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1999
Total area
2,814 SF
Lot
0.4 ac (17,424 SF)
Zoning code
B6
APN
059 070
UPID
US53-0958511
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
-
Oasis Car Spa Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$530k
Owner & transaction history
Pr Management LLC · 3 yrs held
Pr Management LLC
since 2022
Last sale
$625,000
6 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
Method
Estimation
Statistic approach
$400,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$410,000
Current use
MEDICAL BUILDING
$395,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$375,000
Change: -9% · Conversion: Moderate
OFFICE BUILDING
$335,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $625k (Nov 22 2022)
Last sale anchor
$625k
Nov 22 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
$188 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,817
Tax year 2023
Assessed value
$486,399
Assessed 2023
Previous assessed
$465,885
+4.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$243,936
Assessed improvement
$242,463
Land market value
$243,936
Improvement market value
$242,463
Total market value
$486,399
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
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Total area
2,814 SF
Lot
0.4 ac (17,424 SF)
Zoning code
B6
APN
059 070
UPID
US53-0958511
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$410,000
MEDICAL BUILDING
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$375,000
OFFICE BUILDING
Est. value
$335,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Pr Management LLC
Entity
Mailing address
203 W MILLBROOK RD STE #200, RALEIGH, NC 27609-4581
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$625,000
Pr Management LLC
Bpd Wolfpack Properties 3 LLC
Special Warranty Deed
$500,000 · Bpd Wolipack Properties 3 LLC
Nov 22, 2022
$106,000
Bpd Wolfpack Properties 3 LLC
Faith Road Properties LLC
Special Warranty Deed
$500,000 · Bpd Wolipack Properties 3 LLC
Dec 4, 2018
—
Bpd Wolfpack Properties 3 LLC
Faith Road Properties LLC
Grant Deed
—
Dec 21, 2006
$70,000
Faith Road Properties LLC
Trinity Investors LLC
Warranty Deed
$1,000,000 · Western Fsb
—
—
Pop Shoppe Innes Street INC
—
Deed Of Trust
related
$100,000 · Western Fsb
—
—
Trinity Investors LLC
—
Deed Of Trust
related
$740,000 · Bank Of North Carolina
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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