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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Car washes
6100 9th Mile Rd Richmond, VA 23223-3539
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3918580
Property summary
AI-generated overview
This exceptional investment opportunity presents a 4,200-square-foot car wash located at 6100 Nine Mile Rd, Richmond, VA 23223, in Henrico County. The property sits on a 0.66-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $135,603. The property is subject to a long-term, absolute triple-net (NNN) lease with 17.1 years remaining, commencing December 1, 2021, and expiring December 31, 2041. The lease includes five, five-year tenant renewal options, extending the potential lease term to 45 years. Annual rent is $135,603, with a 1.50% annual increase built into the lease. Built in 1987, this property offers significant tax advantages, qualifying for 15-year accelerated depreciation and bonus depreciation. The asking price is $1,695,038, translating to a price per square foot of $403.58. This is a rare opportunity to acquire a stable, high-yielding investment with substantial long-term growth potential. The property's strong tenant, long lease term, and built-in rent increases make it an attractive addition to any investment portfolio.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1987
Total area
4,087 SF
Lot
0.66 ac (28,702 SF)
Zoning code
B-3
APN
819-726-1719
UPID
US87-3918580
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
-
HOG Car Wash Car Wash
-
GO Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.59M
Owner & transaction history
Clark Mountain Operations LLC · 1 yrs held
Clark Mountain Operations LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-3 · Richmond, VA
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$1,520,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.62M (Sep 30 2024)
Last sale anchor
$1.62M
Sep 30 2024
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
$389 / 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
Assessed value
$759,700
Assessed 2024
Previous assessed
$759,700
+0.0% YoY
Assessed land
$140,600
Assessed improvement
$619,100
Land market value
$140,600
Improvement market value
$619,100
Total market value
$759,700
Applied tax rate
5.0000
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
1987
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
4,087 SF
Lot
0.66 ac (28,702 SF)
Zoning code
B-3
APN
819-726-1719
UPID
US87-3918580
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Richmond, VA
Zoning B-3 · permitted uses
B-3 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Clark Mountain Operations LLC
Entity
Mailing address
8909 GINGER WAY CT, HENRICO, VA 23229-7068
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
Dec 30, 2024
$1,620,000
Clark Mountain Operations LLC
Realty Income Properties 21 LLC
Special Warranty Deed
$1,280,000 · New Horizon Bank NA
Dec 6, 2021
$2,025,000
Realty Income Properties 21 LLC
Briarfield Farm Enterprises LLC
Special Warranty Deed
—
Jun 11, 2018
$532,500
Briarfield Farm Enterprises LLC A V
Rva Investments LLC A Virginia Limi
Special Warranty Deed
$980,000 · Essex Bank
Jul 30, 2015
$500,000
Rva Investments LLC
Kane & Jeffries PC|secar At Rich LLC
Trustees Deed
—
Jun 21, 2007
$600,000
Secar At Rich LLC
Chung,isop
Grant Deed
$900,000 · Mercantile Potomac Bank
Aug 22, 2005
$575,000
Chung Isop
Chester Properties
Grant Deed
—
—
—
Isop Chung
—
Deed Of Trust
related
$750,000 · Pnc Bank
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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