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Property profile & analytics
FOR SALE
Medical Office Space
106 N Mountain St Cherryville, NC 28021
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4064027
For Sale
1 / 30
$220,000
106 N Mountain St, Cherryville, NC 28021
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1930
Total area
2,025 SF
Lot
0.05 ac (2,178 SF)
Zoning code
OFF01
APN
129648
UPID
US53-4064027
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul H Cloninger · 18 yrs held
Paul H Cloninger
since 2008
4 recorded transactions
Zoning & alternative use
OFF01 · Cherryville, 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 Cherryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherryville 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
$1,654
Tax year 2024
Assessed value
$153,300
Assessed 2024
Previous assessed
$153,300
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$9,800
Assessed improvement
$143,500
Applied tax rate
140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1930
Heating
HEAT PUMP
Stories
1
Rooms
1
Bathrooms
5
Total area
2,025 SF
Lot
0.05 ac (2,178 SF)
Zoning code
OFF01
APN
129648
UPID
US53-4064027
Jurisdiction
GASTON
Zoning & alternative use
OFF01 · Cherryville, NC
Zoning OFF01 · permitted uses
OFF01 · Cherryville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cherryville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
HEAT PUMP
Stories
1
Rooms
1
Bathrooms
5
Lot
0.05 ac
Current owner
From public records · entity-resolved
Paul H Cloninger
Individual
Mailing address
1015 E CHURCH ST, CHERRYVILLE, NC 28021-2916
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Apr 19, 2024
—
Paul Hunter Cloninger
—
Deed
related
$190,000 · United Bank
Jun 11, 2008
—
Paul H Cloninger
Oblinger,andrew R
Grant Deed
related
—
Nov 1, 1985
$51,000
Cordell Scott
—
Grant Deed
related
—
—
—
Andrew R Oblinger
—
Deed Of Trust
related
$92,097 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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