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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Outlet malls
1600 Main St, China Grove, NC 28023-8447
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1844179
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1959
Total area
10,860 SF
Lot
2.73 ac (118,919 SF)
Zoning code
HB
APN
117 043
UPID
US53-1844179
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
-
William Ryan Enterprises Inc Construction Company General Contractor
-
William Ryan Roofing Roofing Company General Contractor
-
William Ryan Flooring & Supplies Carpet & Flooring Store Hardware & Home Improvement
-
Wells Fargo ATM Atm
-
Transformers Car Solution Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.70M
Owner & transaction history
Grove Motor Company INC · 1 yrs held
Grove Motor Company INC
since 2024
1 recorded transaction
Zoning & alternative use
HB · China Grove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+59.8%
Commercial (general)
$1.4M
+45.3%
Office building
$1.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,220,000
6.5%
$2,050,000
7%
$1,905,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,530,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,390,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$1,330,000
Change: +39% · Conversion: Easy
RESTAURANT
$1,305,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,025,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±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
$157 / 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
Tax billed
$7,681
Tax year 2024
Assessed value
$1,146,451
Assessed 2024
Previous assessed
$1,146,451
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$286,650
Assessed improvement
$859,801
Land market value
$286,650
Improvement market value
$859,801
Total market value
$1,146,451
Applied tax rate
125.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1959
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Units
1
Total area
10,860 SF
Lot
2.73 ac (118,919 SF)
Zoning code
HB
APN
117 043
UPID
US53-1844179
Jurisdiction
ROWAN
Zoning & alternative use
HB · China Grove, NC
Zoning HB · permitted uses
HB · 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
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
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
1959
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Grove Motor Company INC
Entity
Free & Clear · 1 yrs held
Mailing address
1580 N MAIN ST, CHINA GROVE, NC 28023-8446
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Grove Motor Company INC
Grove Supply Company INC
Intrafamily Transfer
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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