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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Car washes
8310 Litchford Rd Raleigh, NC 27615-3830
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1116035
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2011
Construction
BRICK
Total area
2,376 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CX-3
APN
1718.20-80-1062 0195493
UPID
US53-1116035
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
-
Wash & Roll Car Wash
-
Home Basement Finishers Food Processing Plant Factory
-
Best Flooring Workers Food Processing Plant Factory
-
Guru Renovation Finishers Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$855k
Owner & transaction history
Alpha Mega Holdings LLC · 4 yrs held
Alpha Mega Holdings LLC
since 2022
Last sale
$710,000
4 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.3M
+86.9%
Retail stores
$935,000
+33.3%
Commercial (general)
$770,000
+10.0%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$1,010,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$750,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $710k (Mar 22 2022)
Last sale anchor
$710k
Mar 22 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
$360 / 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
$6,960
Tax year 2023
Assessed value
$638,494
Assessed 2023
Previous assessed
$638,494
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$226,283
Assessed improvement
$412,211
Land market value
$226,283
Improvement market value
$412,211
Total market value
$638,494
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
2011
Construction
BRICK
Heating
NONE
Cooling
NONE
Stories
1
Rooms
8
Total area
2,376 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CX-3
APN
1718.20-80-1062 0195493
UPID
US53-1116035
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NCZoning CX-3 · permitted uses
CX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$770,000
MEDICAL BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
2011
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Rooms
8
Lot
0.52 ac
Current owner
From public records · entity-resolved
Alpha Mega Holdings LLC
Entity
Mailing address
8801 FAST PARK DR STE #105, RALEIGH, NC 27617-4853
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
$710,000
Alpha Mega Holdings LLC
Wash & Roll LLC
Special Warranty Deed
$674,500 · North State Bank
Aug 17, 2010
$225,000
Wash & Roll LLC
Litchford LLC
Warranty Deed
—
Jul 3, 2007
$175,000
Litchford LLC
Litchford Village
Warranty Deed
related
—
—
—
Wash & Roll LLC
—
Deed Of Trust
related
$950,000 · Paragon Commercial 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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