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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Strip malls
1155 Main St, Marion, NC 28752-6540
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3334132
Property summary
AI-generated overview
This exceptional investment opportunity presents two available retail spaces within the established Lady Marian Shopping Center, located at 1155 N Main St, Marion, NC 28752. The center boasts a total of 78,439 square feet on a 7-acre lot, built in 1972. One space, Suite 4-B, offers 12,215 square feet and is available for lease with a minimum three-year term. The lease rate is $7.50 per square foot, NNN, plus a $1.50 CAM fee. This space is adjacent to the recently renovated Dollar Tree. Tenant improvements are negotiable. The second space, Suite 10, comprises 9,058 square feet, also requiring a minimum three-year lease. The lease rate is $8.00 per square foot, NNN, plus a $1.50 CAM fee. Formerly occupied by Sears, this unit offers ample parking and is suitable for either retail or office use
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,356 SF
Lot
7.25 ac (315,810 SF)
APN
1702-17-21-0603
UPID
US53-3334132
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
-
Blue Ridge Home Care Production Facility
-
US Marine Corporation Recruiting Military Recruiting Office
-
American HomePatient Home Health Care Service Medical Supply Store
-
Dollar Tree Discount Store
-
City Electric Supply Marion Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Lady Marion Realty LLC · 2 yrs held
Lady Marion Realty LLC
since 2023
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$1,850,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.80M (Oct 2 2023)
Last sale anchor
$1.80M
Oct 2 2023
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
$21 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,172
Tax year 2023
Assessed value
$2,202,650
Assessed 2023
Previous assessed
$2,202,650
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,005,000
Assessed improvement
$1,197,650
Land market value
$1,005,000
Improvement market value
$1,197,650
Total market value
$2,202,650
Applied tax rate
6.0000
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
28
Total area
86,356 SF
Lot
7.25 ac (315,810 SF)
APN
1702-17-21-0603
UPID
US53-3334132
Jurisdiction
MCDOWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
28
Lot
7.25 ac
Current owner
From public records · entity-resolved
Lady Marion Realty LLC
Entity
Mailing address
150 GREAT NCK RD STE #304, GREAT NECK, NY 11021-3309
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$1,800,000
Lady Marion Realty LLC
Lenlee INC
Warranty Deed
—
Jan 4, 2017
—
Lenlee INC
—
Deed
related
$750,000 · Wells Fargo Bank NA
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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