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Property profile & analytics
OFF-MARKET
Estimated value
$6,345,000
Drug stores
1230 Main St Lincolnton, NC 28092-3848
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0684686
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2010
Total area
14,466 SF
Lot
1.73 ac (75,533 SF)
Zoning code
G-B
APN
1159
UPID
US53-0684686
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
Exchangeright Net Leased Portfolio · 4 yrs held
Exchangeright Net Leased Portfolio
since 2021
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
G-B · Lincolnton, 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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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
$6,090,000
ML approach
$6,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.35M
Range $5.71M – $6.98M · ±10% · vs last sale $7.96M (Dec 20 2021)
Last sale anchor
$7.96M
Dec 20 2021
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
$439 / 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
$73,749
Tax year 2023
Assessed value
$7,370,236
Assessed 2023
Previous assessed
$7,370,236
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,367,000
Assessed improvement
$6,003,236
Land market value
$1,367,000
Improvement market value
$6,003,236
Total market value
$7,370,236
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
1
Total area
14,466 SF
Lot
1.73 ac (75,533 SF)
Zoning code
G-B
APN
1159
UPID
US53-0684686
Jurisdiction
LINCOLN
Zoning & alternative use
G-B · Lincolnton, NC
Zoning G-B · permitted uses
G-B · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincolnton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
YES
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$7,963,000
Exchangeright Net Leased Portfolio
Gregmab LLC
Special Warranty Deed
—
Oct 2, 2013
$7,184,000
Gregmab LLC
Vision Inv & Trading LLC
Warranty Deed
—
Aug 18, 2011
$5,800,000
Vision Inv & Trading LLC
PC Specialty Retail LLC
Warranty Deed
$5,123,000 · Wells Fargo Bank Northwest NA
Jul 22, 2011
—
PC Specialty Retail LLC
PC Specialty Retail LLC
Quit Claim Deed
related
—
Jun 29, 2011
—
PC Specialty Retail LLC
PC Specialty Retail LLC
Quit Claim Deed
related
—
Jun 28, 2011
—
PC Specialty Retail LLC
Abc Board Of Town/lincolnton Nc
Grant Deed
related
—
Aug 5, 2009
—
PC Specialty Retail LLC
Piedmont Companies INC
Grant Deed
$2,432,000 · Communityone Bank
Aug 5, 2009
$2,800,000
Piedmont Companies INC
Abc Board Of Town/lincolnton Nc
Grant Deed
—
—
—
P C Speciality Retail LLC
—
Deed Of Trust
related
$110,000 · 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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