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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Assisted living facilities
1404 Lafayette St Shelby, NC 28150-3406
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-2660449
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1992
Total area
40,074 SF
Lot
16 ac (697,091 SF)
Zoning code
R20
APN
27350
UPID
US53-2660449
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
-
Bansari Patel Physician
-
Badcock Home Furniture &more Home Decor Store Department Store
-
Atrium Health Cleveland Pines Medical Clinic
-
Dr. Nasib Ayoubi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Ahsnf INC · 6 yrs held
Ahsnf INC
since 2020
2 recorded transactions
Zoning & alternative use
R20 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R20 residential district is primarily intended to accommodate very low density single family detached dwellings, modular homes, two family dwellings and manufactured homes on individual lots in areas that generally do not have access to public water supplies and are dependent upon septic tanks for sewage disposal, maximum densities within the R20 distric…
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
8,866.76 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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$17 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$3,067,458
Assessed 2023
Previous assessed
$3,067,458
+0.0% YoY
Assessed land
$116,616
Assessed improvement
$2,950,842
Land market value
$116,616
Improvement market value
$2,950,842
Total market value
$3,067,458
Applied tax rate
5.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1992
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
40,074 SF
Lot
16 ac (697,091 SF)
Zoning code
R20
APN
27350
UPID
US53-2660449
Jurisdiction
CLEVELAND
Zoning & alternative use
R20 · Shelby, NCZoning R20 · permitted uses
R20 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R20 residential district is primarily intended to accommodate very low density single family detached dwellings, modular homes, two family dwellings and manufactured homes on individual lots in areas that generally do not have access to public water supplies and are dependent upon septic tanks for sewage disposal, maximum densities within the R20 district are approximately two dwelling units per gross acre for single family and two family dwellings, manufactured home parks are permitted within the R20 district by special use permit, non residential uses permitted within this district include customary accessory, recreational, educational and institutional land uses that are compatible with the low density residential character of the R20 district
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
8,866.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1992
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
16 ac
Current owner
From public records · entity-resolved
Ahsnf INC
Entity
Free & Clear · 6 yrs held
Mailing address
1000 BLYTHE BLVD, CHARLOTTE, NC 28203-5812
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
—
Ahsnf INC
Hosp Aut Charlotte-mecklenburg
Grant Deed
—
Mar 11, 2013
—
Charlotte,mecklenburg Hospital
Cleveland County
Grant Deed
related
—
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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