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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Car washes
448 Swannanoa Riv Rd Asheville, NC 28805-2335
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0928685
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2008
Construction
CONCRETE BLOCKS
Total area
3,006 SF
Lot
0.68 ac (29,621 SF)
Zoning code
DEED DATE: 2023-10-30 DEE
APN
9658-54-5117-00000
UPID
US53-0928685
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
-
Car Wash Wizards | 448 Swannanoa River Road Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.09M
Owner & transaction history
Compounding Freedom LLC Series 6 · 2 yrs held
Compounding Freedom LLC Series 6
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
DEED DATE: 2023-10-30 DEE · Asheville, 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 Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville 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
$1,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$770,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$680,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.30M (Oct 30 2023)
Last sale anchor
$1.30M
Oct 30 2023
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
$363 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,823
Tax year 2024
Assessed value
$736,100
Assessed 2024
Previous assessed
$736,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$395,900
Improvement market value
$340,200
Total market value
$736,100
Applied tax rate
8.0000
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
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
3,006 SF
Lot
0.68 ac (29,621 SF)
Zoning code
DEED DATE: 2023-10-30 DEE
APN
9658-54-5117-00000
UPID
US53-0928685
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-10-30 DEE · Asheville, NC
Zoning DEED DATE: 2023-10-30 DEE · permitted uses
DEED DATE: 2023-10-30 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL 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
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Compounding Freedom LLC Series 6
Entity
Mailing address
119 STONECREST DR, ASHEVILLE, NC 28803-8514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$1,300,000
Compounding Freedom LLC Series 6
Washsimpli Real Estate Holdings LLC
Warranty Deed
$1,075,000 · Washsimpli Real Estate Holdings LLC
Dec 21, 2022
$890,000
Washsimpli Real Estate Holdings LLC
Four Star Car Wash LLC
Special Warranty Deed
$600,000 · Four Star Car Wash LLC
Dec 31, 2009
—
Four Star Car Wash LLC
Four Ar Investments INC
Quit Claim Deed
—
Jun 12, 2007
$250,000
Four Ar Investments INC
Lentz,devere C JR
Grant Deed
—
—
—
Four Star Car Wash LLC
—
Deed Of Trust
related
$393,000 · Branch Bk&tr
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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