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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Car washes
545 Belt Line Rd Irving, TX 75060-2110
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-6593864
Property summary
AI-generated overview
This exceptional investment opportunity presents a 3,966 square foot car wash situated on a 1.24-acre lot in Irving, Texas, at 545 S Belt Line Rd, 75060. The property boasts a strong 6.90% cap rate, generating a net operating income (NOI) of $315,000. A new, 20-year absolute NNN lease is in place at closing, ensuring minimal landlord responsibilities and a predictable income stream. The lease includes 1.5% annual rent bumps, providing built-in growth. The high-traffic location sees over 31,000 cars daily, benefiting from excellent demographics and proximity to national tenants and new developments. The property is offered fee simple, encompassing both land and building, with 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The sale is structured as a sale for leaseback.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2013
Construction
TILT-UP CONCRETE
Total area
3,782 SF
Lot
1.24 ac (54,014 SF)
Zoning code
Z43
APN
320556200A0010000
UPID
US82-6593864
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
-
U Need Car Wash Express Car Wash
-
Sunset Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$540k
Owner & transaction history
Belt Line Road Car Wash LP · 2 yrs held
Belt Line Road Car Wash LP
since 2024
7 recorded transactions
Zoning & alternative use
Z43 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+92.1%
Office building
$455,000
+19.7%
Medical building
$395,000
+4.9%
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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$380,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: +92% · Conversion: Moderate
OFFICE BUILDING
$455,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$395,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$375,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$143 / 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
$30,249
Tax year 2023
Assessed value
$1,398,810
Assessed 2023
Previous assessed
$1,398,810
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$324,080
Assessed improvement
$1,074,730
Land market value
$324,080
Improvement market value
$1,074,730
Total market value
$1,398,810
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
Status
Off-Market
Year built
2013
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
1
Total area
3,782 SF
Lot
1.24 ac (54,014 SF)
Zoning code
Z43
APN
320556200A0010000
UPID
US82-6593864
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z43 · Irving, TXZoning Z43 · permitted uses
Z43 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$725,000
OFFICE BUILDING
Est. value
$455,000
MEDICAL BUILDING
Est. value
$395,000
RETAIL STORES
Est. value
$375,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2013
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Belt Line Road Car Wash LP
Entity
Mailing address
902 E CARNEGIE CTR #5, PRINCETON, NJ 08540-6530
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Belt Line Road Car Wash LP
Scf Rc Funding IV LLC
Special Warranty Deed
$2,677,500 · Enterprise Bank & Trust
Feb 23, 2022
—
Scf Rc Funding IV LLC
U Need Car Wash Express LLC
Special Warranty Deed
—
Oct 26, 2021
—
U Need Car Wash Express LLC
Khiem D Tran
Venders Lien
$2,380,000 · Independent Bank
Jul 3, 2017
—
Khiem D Tran
—
Trustees Deed
related
$1,175,000 · Skywave Express Carwash LLC
Aug 25, 2011
—
Khiem D Tran
Maleky,mehdy
Warranty Deed
related
—
—
—
Skywave Express Car Wash LLC
—
Loan Modification
related
$1,462,090 · Bank Of The West
—
—
Skywave Express Carwash LLC
—
Deed Of Trust
related
$4,057,000 · Bank Of The West
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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