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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Retail space
1545 Main St, China Grove, NC 28023-8647
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2449614
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
8,000 SF
Lot
0.66 ac (28,880 SF)
Zoning code
CBI
APN
163 017
UPID
US53-2449614
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
-
Family Dollar Discount Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$940k
Owner & transaction history
Swerdlow Family Holdings LLC · 5 yrs held
Swerdlow Family Holdings LLC
since 2020
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
CBI · China Grove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+59.8%
Commercial (general)
$1.0M
+45.3%
Office building
$980,000
+38.6%
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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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
$1,000,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
MEDICAL BUILDING
$1,130,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$980,000
Change: +39% · Conversion: Easy
RESTAURANT
$960,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $875k (Dec 8 2020)
Last sale anchor
$875k
Dec 8 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
$118 / 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
$6,925
Tax year 2023
Assessed value
$647,170
Assessed 2023
Previous assessed
$490,945
+31.8% YoY
Effective rate
1.07%
On assessed value
Assessed land
$135,135
Assessed improvement
$512,035
Land market value
$135,135
Improvement market value
$512,035
Total market value
$647,170
Applied tax rate
107.0000
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
2011
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Total area
8,000 SF
Lot
0.66 ac (28,880 SF)
Zoning code
CBI
APN
163 017
UPID
US53-2449614
Jurisdiction
ROWAN
Zoning & alternative use
CBI · China Grove, NC
Zoning CBI · permitted uses
CBI · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
RESTAURANT
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2011
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Swerdlow Family Holdings LLC
Entity
Mailing address
2200 PACIFIC COAST HWY STE #305, HERMOSA BEACH, CA 90254-2702
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
$875,000
Swerdlow Family Holdings LLC
Wilson Professional Realty LLC
Grant Deed
—
Dec 7, 2020
—
Swerdlow Family Holdings LLC
Wilson Professional Realty LLC
Special Warranty Deed
$554,000 · Partners Capital Solutions Reit I L
Nov 9, 2011
$920,000
Wilson Professional Realty LLC
Landis Nc Fd LLC
Warranty Deed
$690,000 · Branch Banking And Trust Co
May 16, 2011
$183,500
Landis Nc Fd LLC
Milem,james Ray
Grant Deed
$600,000 · Pi Holdings II
—
—
Wilson Professional Realty LLC
—
Deed Of Trust
related
$100,000 · Wells Fargo Bk
—
—
Wilson Professional Realty LLC
—
Deed Of Trust
related
$1,587,315 · Wells Fargo Bk
—
—
Landis Nc Fd LLC
—
Deed Of Trust
related
$200,000 · Pi Holdings II
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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