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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Assisted living facilities
1176 Wyke Rd Shelby, NC 28150-4273
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2686736
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Total area
33,067 SF
Lot
2.35 ac (102,366 SF)
Zoning code
R6-CU
APN
42446
UPID
US53-2686736
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
-
Senior Care Pharmacy Pharmacy
-
CNANOW.ORG Medical School
-
Shelby Manor Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Shelby Propco LLC · 8 yrs held
Shelby Propco LLC
since 2018
4 recorded transactions
Zoning & alternative use
R6-CU · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R6 residential district is primarily intended to accommodate a variety of high density single family detached dwellings, modular homes, apartments, townhomes and condominiums, maximum densities within the R6 district range from approximately seven dwelling units per gross acre for single family detached dwellings to over 19 dwellings per gross acre for m…
Zone name
Residential Conditional Use
General category
CIVIC_INSTITUTIONAL
Zone area
1,008.20 ac
Source
Realmo
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$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 2024Property tax & assessments
Tax year 2024
Tax billed
$28,401
Tax year 2024
Assessed value
$2,356,917
Assessed 2023
Previous assessed
$2,356,917
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$134,059
Assessed improvement
$2,222,858
Land market value
$134,059
Improvement market value
$2,222,858
Total market value
$2,356,917
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Total area
33,067 SF
Lot
2.35 ac (102,366 SF)
Zoning code
R6-CU
APN
42446
UPID
US53-2686736
Jurisdiction
CLEVELAND
Zoning & alternative use
R6-CU · Shelby, NCZoning R6-CU · permitted uses
R6-CU · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R6 residential district is primarily intended to accommodate a variety of high density single family detached dwellings, modular homes, apartments, townhomes and condominiums, maximum densities within the R6 district range from approximately seven dwelling units per gross acre for single family detached dwellings to over 19 dwellings per gross acre for multi family dwellings, public water and sewer service is generally available in areas zoned as R6, non residential uses permitted within this district include customary accessory, recreational, educational and institutional land uses that are compatible with the high density residential character of the R6 district, the conditional zoning districts are established to allow the city of Shelby City council to consider proposed uses and tailor the zoning to accommodate those uses and promote innovative design while addressing anticipated problems that may arise from the establishment of the proposed uses
Zone name
Residential Conditional Use
General category
CIVIC_INSTITUTIONAL
Zone area
1,008.20 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1991
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Shelby Propco LLC
Entity
Free & Clear · 8 yrs held
Mailing address
328 1ST AVE NW, HICKORY, NC 28601-6123
Ownership since
2018
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
Feb 12, 2024
—
Shelby Propco LLC
—
Deed
related
$558,000 · Truliant FCU
Sep 19, 2023
—
Shelby Propco LLC
—
Deed
related
$6,250,000 · Truliant FCU
Mar 16, 2018
—
Shelby Propco LLC
Shelby LP
Quit Claim Deed
related
—
Mar 16, 2018
$3,000,000
Shelby Propco LLC
Shelby LP
Grant Deed
related
—
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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