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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
12 Ashe Ave Newton, NC 28658-3325
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0241801
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
12,540 SF
Lot
0.86 ac (37,462 SF)
Zoning code
B-3
APN
3730-16-93-3681
UPID
US53-0241801
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$1.14M
Owner & transaction history
Delco IV LLC · 3 yrs held
Delco IV LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B-3 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+21.2%
Auto repair, garage
$1.3M
+5.5%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
$1,290,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,210,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,470,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,280,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.15M (Jan 31 2023)
Last sale anchor
$1.15M
Jan 31 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
$91 / 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
$4,496
Tax year 2023
Assessed value
$529,900
Assessed 2023
Previous assessed
$529,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$112,400
Assessed improvement
$417,500
Land market value
$112,400
Improvement market value
$417,500
Total market value
$529,900
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
Off-Market
Year built
1946
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
12,540 SF
Lot
0.86 ac (37,462 SF)
Zoning code
B-3
APN
3730-16-93-3681
UPID
US53-0241801
Jurisdiction
CATAWBA
Zoning & alternative use
B-3 · Newton, NC
Zoning B-3 · permitted uses
B-3 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1946
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Delco IV LLC
Entity
Mailing address
PO BOX 3224, HICKORY, NC 28603-3224
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
$1,150,000
Delco IV LLC
Theodore Horsley Corriher
Special Warranty Deed
—
Mar 14, 2022
—
Jsa Investments LLC
—
Deed
related
$504,900 · Peoples Bank
Sep 13, 2019
—
Jsa Investments LLC
—
Deed
related
$456,450 · Peoples Bank
Mar 29, 2019
$85,000
Jsa Investments LLC
Brame,martha W
Warranty Deed
—
Nov 16, 2018
—
Tc Corriher Implement Company INC
—
Deed
related
$500,000 · First Community Bank
May 20, 2009
—
Corriher,charles R SR Tr
Corriher,charles R SR
Quit Claim Deed
related
—
—
—
Corriher Charles R SR Trust
—
Deed Of Trust
related
$400,000 · Bank Of Granite
—
—
Corriher Charles R SR Trust
—
Deed Of Trust
related
$90,000 · Bank Of Granite
—
—
Corriher Charles R SR Trust
—
Deed Of Trust
related
$250,000 · Peoples Bank & Trust
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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