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Property profile & analytics
OFF-MARKET
Industrial properties
1000 Grover St, Shelby, NC 28150-2922
Individually Owned
12-yr Hold
Free & Clear
Property ID
US53-2798345
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1964
Total area
13,420 SF
Lot
8.01 ac (349,133 SF)
Zoning code
GI
APN
28107
UPID
US53-2798345
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
-
Depot Salvage 2 Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James C Heafner · 12 yrs held
James C Heafner
since 2014
3 recorded transactions
Zoning & alternative use
GI · Shelby, NC
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,357
Tax year 2024
Assessed value
$112,633
Assessed 2023
Previous assessed
$112,633
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$85,277
Assessed improvement
$27,356
Land market value
$85,277
Improvement market value
$27,356
Total market value
$112,633
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1964
Heating
RADIANT
Cooling
AC.FAN COOLING
Buildings
10
Stories
1
Total area
13,420 SF
Lot
8.01 ac (349,133 SF)
Zoning code
GI
APN
28107
UPID
US53-2798345
Jurisdiction
CLEVELAND
Zoning & alternative use
GI · Shelby, NC
Zoning GI · permitted uses
GI · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
10
Lot
8.01 ac
Current owner
From public records · entity-resolved
James C Heafner
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 537, SHELBY, NC 28151-0537
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2014
—
James C Heafner
Francis,robert P & Johnanna P
Warranty Deed
related
—
Sep 27, 2006
$225,000
James C Heafner
Cornerstone Investment Grp LLC
Warranty Deed
$155,000 · First National Bank
Feb 21, 2006
$60,000
Cornerstone Inv Group LLC
Commercial Credit Land Two LLC
Warranty Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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