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Property profile & analytics
OFF-MARKET
Retail space
1367 Lobelia Rd Vass, NC 28394-9139
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5219629
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Lot
1.41 ac (61,420 SF)
Zoning code
RA
APN
44382
UPID
US53-5219629
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raeford Development LLC · 1 yrs held
Raeford Development LLC
since 2025
1 recorded transaction
Zoning & alternative use
RA · Vass, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RA (Residential Agricultural) District is designed to accommodate low density residential development and continued use of land for agricultural purposes in areas within the Town planning jurisdiction, but outside of the Town corporate limits. The specific intent of this District is to encourage the construction of, and continuation of the use of the lan…
Zone name
Residential Agricultural
General category
RESIDENTIAL
Zone area
4,529.98 ac
Source
Realmo
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 Vass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vass 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
$168
Tax year 2024
Assessed value
$38,710
Assessed 2024
Previous assessed
$38,710
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$38,710
Land market value
$38,710
Total market value
$38,710
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Lot
1.41 ac (61,420 SF)
Zoning code
RA
APN
44382
UPID
US53-5219629
Jurisdiction
MOORE
Zoning & alternative use
RA · Vass, NCZoning RA · permitted uses
RA · Vass, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RA (Residential Agricultural) District is designed to accommodate low density residential development and continued use of land for agricultural purposes in areas within the Town planning jurisdiction, but outside of the Town corporate limits. The specific intent of this District is to encourage the construction of, and continuation of the use of the land, for low density residential and light agricultural purposes.
Zone name
Residential Agricultural
General category
RESIDENTIAL
Zone area
4,529.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Raeford Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
454 LAKEBAY RD, VASS, NC 28394-9637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
$50,000
Raeford Development LLC
Eddie Rogers III
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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