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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Medical Office Space
1013 Lafayette St, Shelby, NC 28150
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2530114
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
8,524 SF
Zoning code
RO
APN
23028
UPID
US53-2530114
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$745k
Owner & transaction history
Ahmed Investments LLC · 8 yrs held
Ahmed Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
RO · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,170,000
Current use
OFFICE BUILDING
$1,115,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,050,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
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
$87 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,647
Tax year 2024
Assessed value
$717,589
Assessed 2023
Previous assessed
$717,589
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$52,500
Assessed improvement
$665,089
Land market value
$52,500
Improvement market value
$665,089
Total market value
$717,589
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
8,524 SF
Zoning code
RO
APN
23028
UPID
US53-2530114
Jurisdiction
CLEVELAND
Zoning & alternative use
RO · Shelby, NC
Zoning RO · permitted uses
RO · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Ahmed Investments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1019 N LAFAYETTE ST, SHELBY, NC 28150-3746
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
—
Ahmed Investments LLC
—
Deed
related
—
Sep 14, 2017
—
Ahmed Investments LLC
—
Trustees Deed
related
$126,757 · Bank Of The Ozarks
—
—
Ahmed Investments LLC
—
Deed Of Trust
related
$75,000 · First National Bank
—
—
Ahmed Investments LLC
—
Deed Of Trust
related
$75,000 · First National Bank
—
—
Ahmed Investments LLC
—
Deed Of Trust
related
$200,000 · Bank Of The Ozarks
—
—
Ahmed Investments LLC
—
Deed Of Trust
related
$114,173 · First National Bank Shelby
—
—
Ahmed Investments LLC
—
Loan Modification
related
$360,046 · First National Bank Shelby
—
—
Ahmed Investments LLC
—
Deed Of Trust
related
$148,911 · First National Bank Shelby
—
—
Ahmed Investments LLC
—
Loan Modification
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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