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Property profile & analytics
OFF-MARKET
Estimated value
$9,200,000
Strip malls
1144 Cutlar Xing Ste 101, Leland, NC 28451-0050
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2915811
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
STEEL FRAME
Total area
50,342 SF
Lot
4.9 ac (213,444 SF)
Zoning code
C2
APN
580000739
UPID
US53-2915811
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
$11.92M
CAP Approach
CAP
$8.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.20M
Owner & transaction history
Grant Avenue LLC · 5 yrs held
Grant Avenue LLC
since 2020
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
C2 · Leland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.3M
+395.1%
Restaurant
$8.8M
+285.1%
Commercial (general)
$8.1M
+254.2%
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 Leland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leland 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
$11,920,000
CAP Approach
CAP Return
Estimation
6%
$8,875,000
6.5%
$8,190,000
7%
$7,605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,320,000
Change: +395% · Conversion: Difficult
RESTAURANT
$8,805,000
Change: +285% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,100,000
Change: +254% · Conversion: Easy
OFFICE BUILDING
$6,100,000
Change: +167% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,675,000
Change: +148% · Conversion: Difficult
RETAIL STORES
$5,590,000
Change: +145% · Conversion: Easy
Blend value · Realmo final
$9.20M
Range $8.28M – $10.12M · ±10% · vs last sale $8.81M (Dec 30 2020)
Last sale anchor
$8.81M
Dec 30 2020
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
$183 / 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
Property tax & assessments
Assessed value
$9,151,570
Assessed 2024
Previous assessed
$9,151,570
+0.0% YoY
Assessed land
$2,131,500
Assessed improvement
$7,020,070
Land market value
$2,131,500
Improvement market value
$7,020,070
Total market value
$9,151,570
Applied tax rate
31.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
50,342 SF
Lot
4.9 ac (213,444 SF)
Zoning code
C2
APN
580000739
UPID
US53-2915811
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Leland, NC
Zoning C2 · permitted uses
C2 · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.3M
RESTAURANT
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.1M
OFFICE BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2011
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Lot
4.9 ac
Current owner
From public records · entity-resolved
Grant Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3347 ALLEGHANY DR, RALEIGH, NC 27609-6903
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$8,811,000
Grant Avenue LLC
East-29 LLC
Grant Deed
—
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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