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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Car washes
8325 Old Statesville Rd, Charlotte, NC 28269-1849
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0692908
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1998
Total area
4,281 SF
Lot
1.13 ac (49,049 SF)
Zoning code
I2
APN
3725316
UPID
US53-0692908
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
-
Exxon Gas Station
-
ATM Atm
-
7-Eleven Grocery & Convenience Store
-
Car Wash Car Wash
-
Quiktrip Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.24M
Owner & transaction history
Agree Convenience No 1 LLC · 2 yrs held
Agree Convenience No 1 LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+210.7%
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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
$4,365,000
ML approach
$4,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,955,000
Change: +211% · Conversion: Moderate
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±10% · vs last sale $4.08M (Jul 11 2023)
Last sale anchor
$4.08M
Jul 11 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
$989 / 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
$12,001
Tax year 2023
Assessed value
$1,636,100
Assessed 2024
Previous assessed
$1,886,000
-13.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,066,000
Assessed improvement
$570,100
Land market value
$1,066,000
Improvement market value
$570,100
Total market value
$1,636,100
Applied tax rate
8.0000
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 - AUTOMATED
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,281 SF
Lot
1.13 ac (49,049 SF)
Zoning code
I2
APN
3725316
UPID
US53-0692908
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.0M
COMMERCIAL (GENERAL)
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Agree Convenience No 1 LLC
Entity
Mailing address
32301 WOODWARD AVE, ROYAL OAK, MI 48073-0946
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$4,080,000
Agree Convenience No 1 LLC
1031 Re LLC
Special Warranty Deed
—
Jun 22, 2023
—
1031 Re LLC
Sams Mart LLC
Special Warranty Deed
—
Aug 24, 2022
—
Sams Mart LLC
Sams Investments Vi LLC
Intrafamily Transfer
related
—
Sep 4, 2019
—
Sams Investments Vi LLC
—
Grant Deed
related
$30,000,000 · Capital Bk
Aug 29, 2019
—
Sams Investments Vi LLC
Sams Mart LLC
Quit Claim Deed
related
—
Aug 10, 2018
—
Sams Mart LLC
—
Grant Deed
related
$16,000,000 · Wells Fargo Bk
Jul 23, 2018
—
Sams Mart LLC
Sams R/e Holdings-georgia LLC
Quit Claim Deed
—
Dec 31, 2012
—
Sams R & E Holdings-georgia LLC
Sams Real Estate Holdings LLC
Quit Claim Deed
—
May 9, 2012
$2,300,000
Sams Real Estate Holdings LLC
Templeton Thomas B
Trustees Deed
related
—
Sep 14, 2011
$1,750,000
Sams Real Estate Holdings LLC
Templeton,thomas B
Trustees Deed
related
—
Oct 31, 2007
$2,575,000
Shreeji Shree 2 LLC
Fuel Land USA 2 LLC
Grant Deed
$4,120,000 · Alliance Bank & Trust Co
May 26, 2004
$2,475,000
Fuel Land USA 2 LLC
Ray Thomas Petroleum Co INC
Warranty Deed
$3,504,000 · First National Bank
—
—
Sams R & E Holdings-georgia LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo 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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