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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Car washes
602 End N Blvd Marshall, TX 75670-2104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-6664925
Property summary
AI-generated overview
Exceptional investment opportunity: a 2,973-square-foot Tidal Wave Auto Spa in Marshall, Texas. This property boasts a 20-year triple-net (NNN) lease, commencing December 28, 2022, with a remaining term of approximately 18.1 years. The current annual rent is $350,000, generating a 6.55% cap rate. The lease includes a corporate guarantee from a company with over 275 units across 28 states, providing significant financial security. Built in 2022, the car wash sits on a 2.973-acre lot at 602 E End Blvd S, Marshall, TX 75670. The lease features attractive 2% annual rent increases beginning in year seven, and includes four, five-year renewal options, potentially extending the lease term to 40 years. This investment qualifies for accelerated and bonus depreciation, offering further tax advantages. The property is currently 100% occupied, providing immediate and substantial cash flow. This is a rare opportunity to acquire a high-performing, long-term NNN leased asset with a strong tenant and significant growth potential.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2022
Total area
2,800 SF
Lot
4.3 ac (187,134 SF)
APN
03030.01970.00000.000000
UPID
US82-6664925
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
-
Tidal Wave Auto Spa | Car Wash Car Wash
-
Cherokee Pawn Shop Discount Store (Bike/Boat/Book/etc) Store
-
fordsportablebuilding Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$595k
Owner & transaction history
Tw Tre Owner LLC · 3 yrs held
Tw Tre Owner LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$375,000
+1.9%
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 Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall 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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$370,000
Current use
RETAIL STORES
$375,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$213 / 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
$41,169
Tax year 2023
Assessed value
$2,275,530
Assessed 2023
Previous assessed
$27,820
+8,079.5% YoY
Effective rate
1.81%
On assessed value
Assessed land
$238,600
Assessed improvement
$2,036,930
Land market value
$238,600
Improvement market value
$2,036,930
Total market value
$2,275,530
Applied tax rate
4.0000
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
2022
Heating
NONE
Total area
2,800 SF
Lot
4.3 ac (187,134 SF)
APN
03030.01970.00000.000000
UPID
US82-6664925
Jurisdiction
HARRISON
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
AUTO REPAIR, GARAGE Current
Est. value
$370,000
RETAIL STORES
Est. value
$375,000
AUTO REPAIR, GARAGE Current
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
2022
Heating
NONE
Lot
4.3 ac
Current owner
From public records · entity-resolved
Tw Tre Owner LLC
Entity
Mailing address
100 MERRICK RD STE #500, ROCKVILLE CENTRE, NY 11570-4884
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
—
Tw Tre Owner LLC
Twas Properties LLC
Special Warranty Deed
$33,169,231 · Twas Holdings LLC
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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