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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Car washes
5740 Albemarle Rd Charlotte, NC 28212-1633
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0104070
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1981
Total area
19,611 SF
Lot
1.76 ac (76,666 SF)
Zoning code
B-2
APN
13310111
UPID
US53-0104070
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
-
Zips Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Mdc Nc I LP · 3 yrs held
Mdc Nc I LP
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
B-2 · Charlotte, 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
$2,735,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,420,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.65M (Dec 19 2022)
Last sale anchor
$2.65M
Dec 19 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
$137 / 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
$29,050
Tax year 2023
Assessed value
$3,960,400
Assessed 2024
Previous assessed
$4,100,600
-3.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,412,400
Assessed improvement
$2,548,000
Land market value
$1,412,400
Improvement market value
$2,548,000
Total market value
$3,960,400
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
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
19,611 SF
Lot
1.76 ac (76,666 SF)
Zoning code
B-2
APN
13310111
UPID
US53-0104070
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NCZoning B-2 · permitted uses
B-2 · Charlotte, NC
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
INDUSTRIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (GENERAL)
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Mdc Nc I LP
Entity
Free & Clear · 3 yrs held
Mailing address
15 W 6TH ST STE #2400, TULSA, OK 74119-5417
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Mdc Nc I LP
Zips Car Wash LLC
Lease
—
Dec 19, 2022
$2,652,000
Mdc Nc1 LP
Zips Albemarle Road LLC
Special Warranty Deed
—
May 8, 2019
$4,436,500
Zips Albemarle Road LLC
Wiki Wiki Albemarle LLC
Grant Deed
$4,850,000 · Miscellaneous Ins Co
Jul 17, 2017
—
Wiki Wiki Albemarle LLC
—
Deed
related
$891,000 · Business Expansion Fndg
Nov 16, 2016
$1,590,000
Wiki Wiki Albemarle LLC
National Retail Properties LP
Grant Deed
$1,242,429 · Branch Bk&tr
Sep 6, 2012
$2,000,000
National Retail Properties LP
Ss Blackstock INC
Grant Deed
—
May 15, 2006
$950,000
S S Blackstock INC
Bmc International LLC
Warranty Deed
$1,050,000 · Wachovia Bank NA
Aug 31, 1993
$800,000
U S Car Wash Partners LP
Unknown
Grant Deed
—
—
—
Wiki Wiki Albemarle LLC
—
Deed Of Trust
related
$891,000 · Business Expansion Fndg
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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