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Property profile & analytics
OFF-MARKET
Retail space
118 Centerview St, China Grove, NC 28023-2510
Entity Owned
Free & Clear
Property ID
US53-1172884
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
2,628 SF
Lot
0.13 ac (5,445 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
102 203
UPID
US53-1172884
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
Tropicasa Investment LLC
Tropicasa Investment LLC
since 2025
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
CB:CENTRAL BUSINESS · China Grove, 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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,151
Tax year 2023
Assessed value
$106,542
Assessed 2023
Previous assessed
$106,542
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$20,592
Assessed improvement
$85,950
Land market value
$20,592
Improvement market value
$85,950
Total market value
$106,542
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1925
Heating
YES
Stories
2
Units
1
Total area
2,628 SF
Lot
0.13 ac (5,445 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
102 203
UPID
US53-1172884
Jurisdiction
ROWAN
Zoning & alternative use
CB:CENTRAL BUSINESS · China Grove, NC
Zoning CB:CENTRAL BUSINESS · permitted uses
CB:CENTRAL BUSINESS · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
YES
Stories
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Tropicasa Investment LLC
Entity
Free & Clear · 0 yrs held
Mailing address
118 W CENTERVIEW ST, CHINA GROVE, NC 28023-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Tropicasa Investment LLC
Perla Navarro
Quitclaim Deed
related
—
Jun 12, 2024
$350,000
Perla Navarro
Alex Josue Nunez
Warranty Deed
$332,500 · Hallmark Home Mortgage LLC
Jan 24, 2017
—
Alex J Nunez
White,fred E JR
Grant Deed
—
Jun 12, 2015
$55,000
Fred E White JR
Nunez Alex J
Warranty Deed
—
Mar 2, 2012
$32,500
Fred E White JR.
State Emps FCU
Grant Deed
$20,000 · Western Fsb
Feb 20, 2012
$32,500
Fred Esko White JR.
State,employees Cr Un
Grant Deed
$20,000 · Community Bank NA
Aug 5, 2011
$40,965
State Emps FCU
Glass,philip A
Trustees Deed
related
—
Aug 2, 2011
$41,000
State,employees Cr Un
Gonzalez,aaron R
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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