Entity Owned Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1997
Total area
10,921 SF
Lot
2.28 ac (99,317 SF)
Zoning code
RO-CU
APN
21608
UPID
US53-2814966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
since 2025
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
RO-CU · Shelby, NC
Zoning description
The RO residential office district is primarily intended to accommodate high density multi family residences offices public and institutional business, professional and personal services and limited support retail busine…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.90M
Value range
$1.71M – $2.08M
±10% around blend
Estimated value / SF
$174 / SF
Confidence
Property data
100
Comparable evidence
60
$1.71M
blend $1.90M
$2.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,921 SF
Lot area
2.28 ac
Year built
1997
Stories
1
APN
21608
Zoning
RO-CU
Assessed value
$1,113,400
Annual tax
$15,193
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.90M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.00M
Move the market yield to see immediate price impact.
Value / SF
$183
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$126k
$2.52M
$1.80M
$1.40M
$140k
$2.80M
$2.00M
$1.56M
$154k
$3.08M
$2.20M
$1.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,193
Tax year 2024
Assessed value
$1,113,400
Assessed 2023
Previous assessed
$1,113,400
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$246,688
Assessed improvement
$866,712
Land market value
$246,688
Improvement market value
$866,712
Total market value
$1,113,400
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1997
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
10,921 SF
Lot
2.28 ac (99,317 SF)
Zoning code
RO-CU
APN
21608
UPID
US53-2814966
Jurisdiction
CLEVELAND
Zoning & alternative use
RO-CU · Shelby, NCZoning RO-CU · permitted uses
RO-CU · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The RO residential office district is primarily intended to accommodate high density multi family residences offices public and institutional business, professional and personal services and limited support retail busine…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
RO-CU
MIXED_USE
Jurisdiction
Shelby, NC
Recorded code
RO-CU
Official district
RO-CU
Official district profile
What the municipal code says about RO-CU
Zoning description
The RO residential office district is primarily intended to accommodate high density multi family residences offices public and institutional business, professional and personal services and limited support retail busine…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RO-CU in Shelby, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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