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Property profile & analytics
OFF-MARKET
Specialty properties
115 Davis St, Spindale, NC 28160-1509
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2921881
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1969
Total area
3,306 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R6
APN
1616999
UPID
US53-2921881
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
New Eden LLC · 3 yrs held
New Eden LLC
since 2022
4 recorded transactions
Zoning & alternative use
R6 · Spindale, 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 Spindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spindale 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,048
Tax year 2021
Assessed value
$84,500
Assessed 2023
Previous assessed
$84,500
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$11,800
Assessed improvement
$72,700
Land market value
$11,800
Improvement market value
$72,700
Total market value
$84,500
Applied tax rate
12.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
PARTIAL
Stories
1
Bathrooms
3
Total area
3,306 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R6
APN
1616999
UPID
US53-2921881
Jurisdiction
RUTHERFORD
Zoning & alternative use
R6 · Spindale, NC
Zoning R6 · permitted uses
R6 · Spindale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spindale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
New Eden LLC
Entity
Free & Clear · 3 yrs held
Mailing address
159 YELTON ST, SPINDALE, NC 28160-1179
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
New Eden LLC
Ezra Menasche
Warranty Deed
—
Jul 27, 2021
$72,000
Ezra Menasche
Thomas Reid Lane
Warranty Deed
—
Dec 31, 2019
$75,000
Thomas R Lane
Cwt Of Rutherford County LLC
Warranty Deed
—
Oct 6, 2017
$30,000
Cwt Of Rutherford County LLC
Western Star Lodge 91 Af & Am
Warranty 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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