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Property profile

1224 Shelby Hwy Cherryville, NC 28021

OFF-MARKET
Retail space
Property ID
US53-0998329
6,250 SF 3.95 ac lot Built 2001
Individually Owned 23-yr Hold Free & Clear

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 6,250 SF
Lot 3.95 ac (172,062 SF)
Zoning code GARG2
APN 160326
UPID US53-0998329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$630k
Blend (final) Blend
$145k

Owner & transaction history

Zoning & alternative use

GARG2 · Cherryville, NC
Top alternative use upside
Medical building $995,000 +136.2%
Commercial (general) $770,000 +82.2%
Restaurant $555,000 +31.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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