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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Retail space
1417 Nc 16th Business Hwy, Denver, NC 28037-8638
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0544001
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
FRAME
Total area
17,183 SF
Lot
4.49 ac (195,759 SF)
Zoning code
ELDD PD-I
APN
2300
UPID
US53-0544001
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
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.89M
Owner & transaction history
Psa Denver LLC · 5 yrs held
Psa Denver LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
ELDD PD-I · Denver, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+25.6%
Office building
$1.6M
+7.6%
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$1,835,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,480,000
Current use
COMMERCIAL (GENERAL)
$1,860,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$1,590,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.90M (Dec 30 2020)
Last sale anchor
$1.90M
Dec 30 2020
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
$110 / 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
$21,802
Tax year 2023
Assessed value
$3,605,215
Assessed 2023
Previous assessed
$3,605,215
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$439,232
Assessed improvement
$3,165,983
Land market value
$439,232
Improvement market value
$3,165,983
Total market value
$3,605,215
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
17,183 SF
Lot
4.49 ac (195,759 SF)
Zoning code
ELDD PD-I
APN
2300
UPID
US53-0544001
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD PD-I · Denver, NC
Zoning ELDD PD-I · permitted uses
ELDD PD-I · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.49 ac
Current owner
From public records · entity-resolved
Psa Denver LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3850 FERNANDINA RD, COLUMBIA, SC 29210-3810
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$1,900,000
Psa Denver LLC
First Natl Bk Of Penn
Grant Deed
—
Dec 19, 2019
$1,195,051
First Natl Bk Of Pa
Substitute Trustee Svcs I|denver Prorperty Partner
Trustees Deed
related
—
Aug 27, 2010
$512,500
Investment Co LLC
Denver Property Partners LLC
Warranty Deed
$1,024,000 · Bank Of America
Aug 19, 2008
—
Denver Property Partners LLC
Obrien,john & Heather
Quit Claim Deed
related
—
May 5, 2008
$1,201,000
John O'brien
Owner Name Unavailable
Warranty Deed
related
—
—
—
Denver Property Partners LLC
—
Deed Of Trust
related
$936,000 · Self-help Ventures Fnd
—
—
Douglas M Pruitt
—
Deed Of Trust
related
$200,000 · Reginald L & Peggy Pruitt
—
—
Denver Property Partners LLC
—
Deed Of Trust
related
$250,000 · Mcmickle Kurey & Branch LLP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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