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Property profile & analytics
OFF-MARKET
Office Spaces
137 Hyco St Norlina, NC 27563
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4624033
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1926
Construction
FRAME
Total area
1,182 SF
Lot
27 ac (1,176,120 SF)
APN
D4D214
UPID
US53-4624033
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
-
Norlina Computers Computer & Electronic Repair
-
Peanut & Zelb’s Produce Market & Cafe Grocery & Convenience Store Food Market
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
Zelbs And Carolyns Produce LLC · 3 yrs held
Zelbs And Carolyns Produce LLC
since 2023
Last sale
$85,000
4 recorded transactions
Zoning & alternative use
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 Norlina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norlina 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
$511
Tax year 2024
Assessed value
$32,957
Assessed 2024
Previous assessed
$32,957
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$6,502
Assessed improvement
$26,455
Land market value
$6,502
Improvement market value
$26,455
Total market value
$32,957
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1926
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Rooms
2
Total area
1,182 SF
Lot
27 ac (1,176,120 SF)
APN
D4D214
UPID
US53-4624033
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Lot
27 ac
Current owner
From public records · entity-resolved
Zelbs And Carolyns Produce LLC
Entity
Mailing address
107 JAMES ANDREWS DR, NORLINA, NC 27563-9148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 6, 2023
$85,000
Zelbs And Carolyns Produce LLC
Renee Parris
Deed
$52,245 · Thread Capital
Jul 21, 2017
$12,500
Renee Parris
Donald R Coffman
Deed
—
Feb 1, 2016
$47,500
Donald R Coffman
Anna M Brickey
Deed
—
Jul 11, 2005
$50,000
Alan D Brickey
Donald R Coffman
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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