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Property profile & analytics
OFF-MARKET
Drive through restaurants
1104 Church St, Cherryville, NC 28021-2102
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2096656
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Total area
2,419 SF
Lot
1.56 ac (67,954 SF)
Zoning code
OFF02
APN
131408
UPID
US53-2096656
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
Olbricht,arno Trust · 5 yrs held
Olbricht,arno Trust
since 2021
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
OFF02 · 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
$8,351
Tax year 2024
Assessed value
$774,000
Assessed 2024
Previous assessed
$774,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$210,800
Assessed improvement
$563,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Heating
YES
Stories
1
Rooms
1
Bathrooms
5
Total area
2,419 SF
Lot
1.56 ac (67,954 SF)
Zoning code
OFF02
APN
131408
UPID
US53-2096656
Jurisdiction
GASTON
Zoning & alternative use
OFF02 · Cherryville, NC
Zoning OFF02 · permitted uses
OFF02 · 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
2020
Heating
YES
Stories
1
Rooms
1
Bathrooms
5
Lot
1.56 ac
Current owner
From public records · entity-resolved
Olbricht,arno Trust
Trust
Free & Clear · 5 yrs held
Mailing address
4554 PUSSY WILLOW CT, BOULDER, CO 80301-5830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 15, 2021
—
Olbricht,arno Trust
Nla Cherryville Bk LLC
Grant Deed
—
Apr 7, 2020
$280,000
Nla Cherryville Bk LLC
Creh Cherryville LLC
Grant Deed
$1,303,000 · Studio Bk
Mar 3, 2020
$275,000
Creh Cherryville LLC
Robert M Heath
Warranty Deed
—
May 24, 2018
—
Robert M Heath
Mikes Food Store INC
Warranty Deed
related
—
Nov 2, 2007
$275,000
Mike's Food Store INC
—
Grant Deed
related
—
Jun 8, 2005
$125,000
Indian Creek Investment Co LLC
Tullie H Johnson
Warranty Deed
$130,000 · Peoples 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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