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Property profile & analytics
FOR SALE
Car washes
706 S Main St Mount Holly, NC 28120
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1483929
For Sale
1 / 14
$899,000
706 S Main St, Mount Holly, NC 28120
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1981
Total area
5,118 SF
Lot
1.16 ac (50,530 SF)
Zoning code
AUTO4
APN
124488
UPID
US53-1483929
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$685k
Owner & transaction history
Riptide Mount Holly LLC · 2 yrs held
Riptide Mount Holly LLC
since 2023
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
AUTO4 · Mount Holly, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+95.0%
Commercial (general)
$630,000
+50.5%
Restaurant
$450,000
+8.3%
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 Mount Holly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Holly 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
$645,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$420,000
Current use
MEDICAL BUILDING
$815,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +50% · Conversion: Moderate
RESTAURANT
$450,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $850k (Nov 21 2023)
Last sale anchor
$850k
Nov 21 2023
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
$134 / 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
$6,366
Tax year 2023
Assessed value
$627,240
Assessed 2023
Previous assessed
$627,240
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$400,570
Assessed improvement
$226,670
Applied tax rate
230.0000
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
For Sale
Year built
1981
Heating
YES
Stories
1
Rooms
1
Total area
5,118 SF
Lot
1.16 ac (50,530 SF)
Zoning code
AUTO4
APN
124488
UPID
US53-1483929
Jurisdiction
GASTON
Zoning & alternative use
AUTO4 · Mount Holly, NC
Zoning AUTO4 · permitted uses
AUTO4 · Mount Holly, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Holly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$420,000
MEDICAL BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RESTAURANT
Est. value
$450,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
YES
Stories
1
Rooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Riptide Mount Holly LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 7865, ROCKY MOUNT, NC 27804-0865
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$850,000
Riptide Mount Holly LLC
Hubert Ray Broome JR
Special Warranty Deed
—
Nov 21, 2023
—
Riptide Mount Holly LLC
Hubert Ray Broome JR
Warranty Deed
—
May 29, 2019
—
Hubert R Broome JR.
Broome H Ray SR Trust
Quit Claim Deed
related
—
Dec 28, 2005
—
Broome,hubert R SR & Hubert R JR
Broome Ents LLC
Quit Claim Deed
—
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?”
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