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Property profile & analytics
FOR SALE
Retail space
1170 E Marion St, Shelby, NC 28150
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2786244
For Sale
$3,750,000
1170 E Marion St, Shelby, NC 28150
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Property summary
AI-generated overview
This exceptional 14,673-square-foot freestanding retail building, built in 2008 and renovated in 2018, presents a unique investment opportunity. Currently vacant, this single-tenant property sits on a 1.52-acre lot and boasts 72 parking spaces, ensuring ample customer convenience. The building's strategic location at a signalized corner intersection of E Marion St (13,000 AADT) and Cherryville Rd (11,000 AADT) guarantees high visibility and accessibility. Three streets provide three convenient ingress/egress points. The property is zoned GB and located in Cleveland County, within a thriving commercial area adjacent to established residential neighborhoods. Average household incomes within a one-mile radius significantly exceed state averages, at $82,097. Further enhancing its potential, the ongoing relocation of Peach Street creates room for future expansion. This Class C property offers a rare chance to acquire a substantial retail space in a high-demand location with significant growth potential. The property features one single-story building.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
14,725 SF
Zoning code
GB
APN
26771
UPID
US53-2786244
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Chrissie D. Hoyle, PharmD Pharmacy
-
Robert D. Hall, RPh Pharmacy
-
higi Physician
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.66M
Owner & transaction history
East Mario Partners LLC · 5 yrs held
East Mario Partners LLC
since 2020
7 recorded transactions
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+97.2%
Office building
$1.9M
+88.0%
Auto repair, garage
$1.8M
+76.4%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,025,000
Current use
MEDICAL BUILDING
$2,025,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$1,930,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,810,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,610,000
Change: +57% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,150,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10%
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
$113 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,604
Tax year 2024
Assessed value
$1,460,939
Assessed 2023
Previous assessed
$1,460,939
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$275,952
Assessed improvement
$1,184,987
Land market value
$275,952
Improvement market value
$1,184,987
Total market value
$1,460,939
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2009
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
14,725 SF
Zoning code
GB
APN
26771
UPID
US53-2786244
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NC
Zoning GB · permitted uses
GB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2009
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
East Mario Partners LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1201 EDWARDS ML RD STE #300, RALEIGH, NC 27607-3625
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Rast Marion Partners LLC
—
Deed
related
$2,437,600 · Benchmark Community Bank
Nov 13, 2020
$3,285,000
East Mario Partners LLC
Nc Nnn Finl Assocs LLC
Grant Deed
—
Nov 13, 2020
—
East Marion Partners LLC
Nc Nnn Financial Associates LLC
Warranty Deed
$2,600,000 · First National Bank Of Pennsylvania
May 6, 2019
—
Nc Nnn Finl Assocs LLC
—
Deed
related
$13,500,000 · Union Bk&tr
Feb 27, 2014
$2,939,500
Nc Nnn Financial Associates LLC
Primax Properties LLC
Special Warranty Deed
—
Feb 25, 2014
$2,939,500
Nc,nnn Financial Associates Ll
Primax Properties LLC
Grant Deed
related
$13,500,000 · Bank Of Hampton Roads
Nov 20, 2007
$487,500
Primax Properties LLC
Brooks,mark L
Warranty Deed
related
—
Nov 20, 2007
$162,500
Primax Properties LLC
Brooks,hallard G III & Ann B
Warranty Deed
related
—
—
—
Nc Nnn Finl Assocs LLC
—
Loan Modification
related
$13,500,000 · Union Bk&tr
—
—
Primax Properties LLC
—
Deed Of Trust
related
$586,929 · Rbc Centura 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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