OFF-MARKET
Car washes
Entity Owned
18-yr Hold
~
Est. High Equity
Entity Owned Property summary
AI-generated overview
Commercial property located on Hwy 127 in Viewmont. The building contains over 9,000 square feet total, including 2,000 square feet of office space. The facility has eight 14-foot bay doors and 16-foot ceiling heights. Interior support and equipment features include life cranes, a wash tunnel with floor drains, and a detail shop with a storage area. The office area is served by two bathrooms. The property is zoned CC-1 and has historically been used as a car wash, with configuration and features that may allow for conversion to other commercial uses.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1988
Total area
9,268 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CC-1
APN
3704-16-83-5928
UPID
US53-5683951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$300k
Owner & transaction history
since 2007
3 recorded transactions
Zoning & alternative use
CC-1 · Hickory, NC
Zoning description
The Community Center Commercial (CC-1) district implements the Community Commercial policies of the Hickory by Choice 2030 Comprehensive Plan, and promotes a pedestrian oriented development while accommodating the automo…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Property data
75
Market benchmarks
67
Comparable evidence
60
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,268 SF
Lot area
1.42 ac
Year built
1988
APN
3704-16-83-5928
Assessed value
$658,800
Annual tax
$5,623
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$818k
Range $377k – $877k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 20 sales
$119
-73%
County 42 sales
$102
-68%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $32/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$659k
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$42k
$830k
$593k
$461k
$46k
$922k
$659k
$512k
$51k
$1.01M
$725k
$564k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,623
Tax year 2023
Assessed value
$658,800
Assessed 2023
Previous assessed
$658,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$284,100
Assessed improvement
$374,700
Land market value
$284,100
Improvement market value
$374,700
Total market value
$658,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
9,268 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CC-1
APN
3704-16-83-5928
UPID
US53-5683951
Jurisdiction
CATAWBA
Zoning & alternative use
CC-1 · Hickory, NCZoning CC-1 · permitted uses
CC-1 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Community Center Commercial (CC-1) district implements the Community Commercial policies of the Hickory by Choice 2030 Comprehensive Plan, and promotes a pedestrian oriented development while accommodating the automo…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
1.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CC-1
COMMERCIAL
Jurisdiction
Hickory, NC
Recorded code
CC-1
Official district
CC-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC-1 in Hickory, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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