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Property profile & analytics
OFF-MARKET
Estimated value
$4,190,000
Car washes
404 Jake Alexander S Blvd Salisbury, NC 28147-9054
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1790949
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1988
Total area
2,500 SF
Lot
10.7 ac (466,092 SF)
APN
060 115
UPID
US53-1790949
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
-
Team Chevrolet Car Dealership
-
Team Chevrolet GMC of Salisbury Car Dealership Auto Repair Shop
-
Team Auto Body Shop & Collision Repair Auto Repair Shop
-
Team Chevrolet Buick GMC Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
404 Jake Alexander LLC · 4 yrs held
404 Jake Alexander LLC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
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
$4,405,000
ML approach
$3,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±10% · vs last sale $4.27M (Nov 16 2021)
Last sale anchor
$4.27M
Nov 16 2021
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
$1,676 / 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
$52,758
Tax year 2023
Assessed value
$4,411,227
Assessed 2023
Previous assessed
$3,627,142
+21.6% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,877,160
Assessed improvement
$2,534,067
Land market value
$1,877,160
Improvement market value
$2,534,067
Total market value
$4,411,227
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
1988
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
2,500 SF
Lot
10.7 ac (466,092 SF)
APN
060 115
UPID
US53-1790949
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
10.7 ac
Current owner
From public records · entity-resolved
404 Jake Alexander LLC
Entity
Mailing address
125 FLOYD SMITH OFC PARK DR STE #220, CHARLOTTE, NC 28262-1674
Ownership since
2021
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 5, 2025
—
404 Jake Alexander LLC
—
Deed
related
$2,000,000 · Ally Bank
Nov 16, 2021
$4,266,500
404 Jake Alexander LLC
Team Holdings LLC
Special Warranty Deed
$4,266,000 · Ally Bank
Oct 5, 2017
—
Team Holdings LLC
—
Deed
related
$1,250,000 · Ally Bk
Mar 12, 2015
—
Old York LLC
Team Holdings LLC
Warranty Deed
—
Jul 13, 2012
—
Team Holdings LLC
Dillard,george T & Beverly
Trustees Deed
$13,100,000 · Ally Bank
Jul 12, 2012
—
Team Holdings LLC
Dillard,george T
Grant Deed
related
$3,200,000 · Ally Bank
Nov 8, 2006
$25,000
Old York LLC
Dillard,george T & Beverly H
Warranty Deed
—
—
—
Team Holdings LLC
—
Deed Of Trust
related
$3,550,000 · Ally Bk
—
—
Team Holdings LLC
—
Loan Modification
related
$3,550,000 · Ally Bk
—
—
Team Holdings LLC
—
Deed Of Trust
related
$1,250,000 · Ally 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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