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Property profile & analytics
OFF-MARKET
Estimated value
$5,830,000
Strip malls
120 Shallotte Xing Pkwy Ste 1, Shallotte, NC 28470-8118
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2298826
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
63,093 SF
Lot
19.15 ac (834,174 SF)
Zoning code
HB
APN
1980001909
UPID
US53-2298826
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
$5.74M
Blend (final)
Blend
$5.83M
Owner & transaction history
Belk INC · 5 yrs held
Belk INC
since 2021
3 recorded transactions
Zoning & alternative use
HB · Shallotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.6M
+234.3%
Industrial (general)
$8.8M
+208.4%
Auto repair, garage
$8.3M
+191.2%
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 Shallotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shallotte 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
OFFICE BUILDING
$9,580,000
Change: +234% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,835,000
Change: +208% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,345,000
Change: +191% · Conversion: Difficult
RETAIL STORES
$7,040,000
Change: +146% · Conversion: Easy
RESTAURANT
$6,340,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.25M – $6.41M · ±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
$92 / 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
Property tax & assessments
Assessed value
$18,495,180
Assessed 2023
Previous assessed
$15,063,760
+22.8% YoY
Assessed land
$4,227,730
Assessed improvement
$14,267,450
Land market value
$4,227,730
Improvement market value
$14,267,450
Total market value
$18,495,180
Applied tax rate
22.0000
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
2001
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
63,093 SF
Lot
19.15 ac (834,174 SF)
Zoning code
HB
APN
1980001909
UPID
US53-2298826
Jurisdiction
BRUNSWICK
Zoning & alternative use
HB · Shallotte, NC
Zoning HB · permitted uses
HB · Shallotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shallotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.3M
RETAIL STORES
Est. value
$7.0M
RESTAURANT
Est. value
$6.3M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
19.15 ac
Current owner
From public records · entity-resolved
Belk INC
Entity
Free & Clear · 5 yrs held
Mailing address
610 E MOREHEAD ST STE #100, CHARLOTTE, NC 28202-2699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
Belk INC
—
Deed
related
—
—
—
Shallotte Crossing LLC
—
Deed Of Trust
related
$87,900 · Genworth Life Insurance Co
—
—
Belk INC
—
Loan Modification
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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