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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Office buildings
106 Poplar St, Shelby, NC 28150
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2593731
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
18,744 SF
Lot
110.59 ac (4,817,300 SF)
Zoning code
LI
APN
28635
UPID
US53-2593731
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
$5.83M
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$5.49M
Owner & transaction history
Tag If Armor Property Owner LLC · 3 yrs held
Tag If Armor Property Owner LLC
since 2022
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
LI · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+51.1%
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
$5,515,000
ML approach
$5,830,000
CAP Approach
CAP Return
Estimation
6%
$4,565,000
6.5%
$4,215,000
7%
$3,915,000
Alternative Use
Use
Estimation
RESTAURANT
$3,710,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $7.63M (Dec 29 2022)
Last sale anchor
$7.63M
Dec 29 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
$293 / 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
$69,436
Tax year 2024
Assessed value
$4,762,357
Assessed 2023
Previous assessed
$4,762,357
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$196,143
Assessed improvement
$4,566,214
Land market value
$196,143
Improvement market value
$4,566,214
Total market value
$4,762,357
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
18,744 SF
Lot
110.59 ac (4,817,300 SF)
Zoning code
LI
APN
28635
UPID
US53-2593731
Jurisdiction
CLEVELAND
Zoning & alternative use
LI · Shelby, NC
Zoning LI · permitted uses
LI · 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
RESTAURANT
Est. value
$3.7M
RESTAURANT
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
1981
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
110.59 ac
Current owner
From public records · entity-resolved
Tag If Armor Property Owner LLC
Entity
Mailing address
5221 N SADDLE ROCK DR, PHOENIX, AZ 85018-1829
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$7,626,500
Tag If Armor Property Owner LLC
Bingham Properties LLC
Special Warranty Deed
$6,500,000 · Trustbank
Dec 19, 2019
$5,500,000
Bingham Properties LLC
Stewart Realty Investements LLC
Warranty Deed
$4,675,000 · Truist Bank
—
—
Stewart Realty Investments LLC
—
Deed Of Trust
related
$2,750,000 · Wells Fargo Bank
—
—
Stewart Realty Investments LLC
—
Deed Of Trust
related
$370,000 · First National Bank
—
—
Stewart Realty Investment LLC
—
Deed Of Trust
related
$4,120,000 · First National Bank
—
—
Stewart Realty Investments LLC
—
Deed Of Trust
related
$2,700,000 · Fifth Third Bk
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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