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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1210 Fallston Rd Shelby, NC 28150-3434
Entity Owned
17-yr Hold
Property ID
US53-2898054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Total area
920 SF
Lot
1.33 ac (57,935 SF)
Zoning code
CPD
APN
26826
UPID
US53-2898054
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
-
Marathon Gas Grocery & Convenience Store
-
SAVE MORE Grocery & Convenience Store
-
DigitalMint Bitcoin ATM Atm Currency Exchange Service
-
Exxon Gas Station
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
Rey Petroleum LLC · 17 yrs held
Rey Petroleum LLC
since 2008
4 recorded transactions
Zoning & alternative use
CPD · Shelby, 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 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,814
Tax year 2024
Assessed value
$316,489
Assessed 2023
Previous assessed
$316,489
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$106,400
Assessed improvement
$210,089
Land market value
$106,400
Improvement market value
$210,089
Total market value
$316,489
Applied tax rate
5.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2004
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
920 SF
Lot
1.33 ac (57,935 SF)
Zoning code
CPD
APN
26826
UPID
US53-2898054
Jurisdiction
CLEVELAND
Zoning & alternative use
CPD · Shelby, NC
Zoning CPD · permitted uses
CPD · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Rey Petroleum LLC
Entity
Ownership since
2008
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
Jul 31, 2020
—
Rey Petroleum LLC
—
Deed
related
$666,700 · Community First Bank
Nov 25, 2008
$735,000
Rey Petroleum LLC
Jp Capital & Insurance INC
Grant Deed
$18,750,000 · Jp Cap & Ins INC
Nov 1, 2007
$724,000
Jp Capital & Insurance INC
Save More INC
Grant Deed
related
$22,500,000 · Suntrust Bank NA
Dec 13, 2005
—
Save More INC
Fallston Road LLC
Warranty 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.
Try Rey
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