Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Car washes
592 Emory Rd Powell, TN 37849-3519
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-2731922
Property summary
AI-generated overview
Exceptional investment opportunity: a 4,380 sq ft Zips Car Wash in Powell, TN, boasting a strong 6.50% cap rate and $355,504 NOI. This strategically positioned property enjoys a 14.5-year remaining lease term (with four 5-year options) and benefits from a credit-rated tenant, Zips Car Wash, LLC, with a proven track record of over 280 units in operation. Located on a 1.26-acre lot at 592 E Emory Rd, Powell, TN 37849, this car wash enjoys high visibility due to its proximity to Interstate 75 (81,800 vehicles per day) and its location across from the Knoxville Medical Center. The property's strong tenant synergy is further enhanced by its proximity to numerous national credit tenants, including Chick-fil-A, Five Guys, Texas Roadhouse, McDonald's, Starbucks, and CVS. Built in 2016, the car wash features a lease with 1.50% annual rent bumps, providing consistent income growth. The absolute NNN lease commenced May 16, 2019, and expires May 31, 2039. This offering presents a compelling opportunity for investors seeking a stable, high-performing asset with significant long-term potential. The property qualifies for bonus depreciation.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2016
Construction
LIGHT FRAME
Total area
4,410 SF
Lot
1.26 ac (54,886 SF)
APN
047 08615
UPID
US80-2731922
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.40M
Owner & transaction history
Realty Income 24 Props Ll · 7 yrs held
Realty Income 24 Props Ll
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$905,000
+25.1%
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 Powell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Powell 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$905,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$316 / 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
$31,350
Tax year 2023
Assessed value
$845,080
Assessed 2023
Previous assessed
$845,080
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$935,100
Improvement market value
$1,177,600
Total market value
$2,112,700
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
2016
Construction
LIGHT FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,410 SF
Lot
1.26 ac (54,886 SF)
APN
047 08615
UPID
US80-2731922
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
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
MEDICAL BUILDING
Est. value
$905,000
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
2016
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Realty Income 24 Props Ll
Entity
Free & Clear · 7 yrs held
Mailing address
15 W 6TH ST STE #2400, TULSA, OK 74119-5417
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
$5,900,000
Realty Income 24 Props Ll
Time To Shine Car Wash INC
Grant Deed
—
Jun 1, 2018
—
Time To Shine Car Wash INC
—
Deed
related
$2,445,259 · Firstbank
Jan 5, 2017
—
Time To Shine Car Wash INC
Exchange Coordinator Knoxco Ll
Quit Claim Deed
related
—
—
—
Time To Shine Car Wash INC
—
Deed Of Trust
related
$2,445,259 · Firstbank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 592 Emory Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
