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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
1650 Post Rd, Shelby, NC 28150-8315
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2778489
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
1,306 SF
Lot
54.83 ac (2,388,395 SF)
Zoning code
AA1
APN
24702
UPID
US53-2778489
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
-
My Club Maker Golf Course (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Divot Development Group LLC · 1 yrs held
Divot Development Group LLC
since 2024
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
AA1 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Dec 12 2024)
Last sale anchor
$1.00M
Dec 12 2024
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
$766 / 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
$2,470
Tax year 2024
Assessed value
$513,053
Assessed 2023
Previous assessed
$513,053
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$288,686
Assessed improvement
$224,367
Land market value
$288,686
Improvement market value
$224,367
Total market value
$513,053
Applied tax rate
51.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
1,306 SF
Lot
54.83 ac (2,388,395 SF)
Zoning code
AA1
APN
24702
UPID
US53-2778489
Jurisdiction
CLEVELAND
Zoning & alternative use
AA1 · Shelby, NC
Zoning AA1 · permitted uses
AA1 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
54.83 ac
Current owner
From public records · entity-resolved
Divot Development Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1531 S PO BOX 1132ND RD, KINGS MOUNTAIN, NC 28086-1132
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
$1,000,000
Divot Development Group LLC
North Point Custom Builders LLC
Special Warranty Deed
—
Jul 23, 2024
$1,500,000
North Point Custom Builders LLC
Me Brown Enterprises LLC
Warranty Deed
$1,000,000 · The Fidelity Bank
Feb 28, 2023
$925,000
M E Brown Enterprises LLC
Oak Mills LLC
Warranty Deed
—
Nov 5, 2021
$312,000
JR Nonopoly LLC
Oak Mills LLC
Warranty Deed
$250,000 · Alliance Bank & Trust Co
Mar 6, 2019
$1,100,000
Oak Mills LLC
Challenger Three Golf Club INC
Warranty Deed
$800,000 · Challenger Three Golf Club INC
—
—
Challenger Three Golf Club INC
—
Loan Modification
related
$473,989 · First National Bank
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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