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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Banks
1201 Eastern Ave Nashville, NC 27856-1814
Individually Owned
21-yr Hold
Free & Clear
Property ID
US53-2859828
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Total area
6,501 SF
Lot
3.3 ac (143,748 SF)
Zoning code
A1
APN
381006-49-6610
UPID
US53-2859828
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
-
State Employees’ Credit Union Credit Union
-
CashPoints® ATM Atm
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$4.04M
Owner & transaction history
State Employees Cu · 21 yrs held
State Employees Cu
since 2005
2 recorded transactions
Zoning & alternative use
A1 · Nashville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The A-1 district is defined as one to provide land for future development while permitting continued agricultural use until such time that development is appropriate, it is assumed that approved wells and septic tanks will be utilized until such time as municipal water and sewer is available, This district is situated primarily in the town's extraterritorial…
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
3,949.99 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.4M
+18.5%
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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
$3,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,680,000
Current use
RESTAURANT
$4,360,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,595,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±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
$621 / 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
$15,078
Tax year 2024
Assessed value
$1,934,870
Assessed 2024
Previous assessed
$1,934,870
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,075,000
Assessed improvement
$859,870
Land market value
$1,075,000
Improvement market value
$859,870
Total market value
$1,934,870
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Total area
6,501 SF
Lot
3.3 ac (143,748 SF)
Zoning code
A1
APN
381006-49-6610
UPID
US53-2859828
Jurisdiction
NASH
Zoning & alternative use
A1 · Nashville, NCZoning A1 · permitted uses
A1 · Nashville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The A-1 district is defined as one to provide land for future development while permitting continued agricultural use until such time that development is appropriate, it is assumed that approved wells and septic tanks will be utilized until such time as municipal water and sewer is available, This district is situated primarily in the town's extraterritorial jurisdiction
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
3,949.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
FINANCIAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2006
Heating
NONE
Lot
3.3 ac
Current owner
From public records · entity-resolved
State Employees Cu
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 26807, RALEIGH, NC 27611-6807
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
—
Donna H Reams
—
Deed
related
—
May 18, 2005
$132,000
State Employees Cu
David L Rose
Warranty 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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