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Property profile & analytics
OFF-MARKET
Specialty properties
111 Railroad St, Cleveland, NC 27013-8402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0684882
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
2007
Total area
2,196 SF
Lot
0.32 ac (13,780 SF)
Zoning code
M1
APN
251 074
UPID
US53-0684882
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
-
Carroll-Waters Funerals & Cremations (Formerly Boone-Carroll Funeral Home) Social Service Agency
-
Cleveland Funeral Services Inc Social Service Agency
-
Carroll-Waters Funerals & Cremations Social Service Agency
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
Waters Mortuary Transport LLC · 2 yrs held
Waters Mortuary Transport LLC
since 2024
Last sale
$155,000
7 recorded transactions
Zoning & alternative use
M1 · Cleveland, 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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,022
Tax year 2023
Assessed value
$229,739
Assessed 2023
Previous assessed
$229,739
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$32,200
Assessed improvement
$197,539
Land market value
$32,200
Improvement market value
$197,539
Total market value
$229,739
Applied tax rate
105.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
2007
Heating
YES
Stories
1
Units
1
Total area
2,196 SF
Lot
0.32 ac (13,780 SF)
Zoning code
M1
APN
251 074
UPID
US53-0684882
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Cleveland, NC
Zoning M1 · permitted uses
M1 · Cleveland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
YES
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Waters Mortuary Transport LLC
Entity
Mailing address
605 LOGAN ST, GREENSBORO, NC 27401-3431
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$155,000
Waters Mortuary Transport LLC
Boone Carroll Funeral Home INC
Warranty Deed
$131,750 · First Horizon Bank
Nov 8, 2011
$125,000
Boone Carroll Funeral Home INC
Community Bank Of Rowan
Warranty Deed
$190,000 · Community Bank Of Rowan
May 5, 2010
$186,300
Community Bk Of Rowan
Carter James L JR
Trustees Deed
related
—
Apr 20, 2010
$186,500
Community Bank Of Rowan
Barber,willie H
Grant Deed
related
—
Apr 29, 2008
—
Willie H Barber
—
Trustees Deed
related
$196,350 · Western Fsb
Dec 4, 2007
—
Willie H Barber
—
Trustees Deed
related
$88,800 · Western Fsb
Jul 10, 2006
$10,000
Willie H Barber
Barber,ethel B
Warranty Deed
related
$9,000 · Western Fsb
Jul 7, 2006
—
Willie H Barber
Barber,ethel B
Quit Claim Deed
related
—
—
—
Willie H Barber
—
Deed Of Trust
related
$5,000 · Western Fsb
—
—
Willie H Barber
—
Deed Of Trust
related
$80,000 · Western Fsb
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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