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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
1660 Main St Marion, NC 28752-5384
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-3086286
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,340 SF
Lot
0.7 ac (30,492 SF)
APN
1702-03-13-2889
UPID
US53-3086286
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
-
C J's Convenience Stores Grocery & Convenience Store
-
M AND M MARKET Grocery & Convenience Store
-
M & M Gas Station
-
ATM (M & M) Atm
-
DK Gas Station Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$388k
Blend (final)
Blend
$625k
Owner & transaction history
Imran Yaseen · 2 yrs held
Imran Yaseen
since 2023
Last sale
$630,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$715,000
+117.7%
Commercial (general)
$655,000
+98.5%
Apartment house (5+ units)
$555,000
+69.1%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$685,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$715,000
Change: +118% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +98% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$555,000
Change: +69% · Conversion: Difficult
RESTAURANT
$505,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$435,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $630k (Oct 3 2023)
Last sale anchor
$630k
Oct 3 2023
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
$99 / 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
$2,467
Tax year 2023
Assessed value
$412,620
Assessed 2023
Previous assessed
$412,620
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$266,000
Assessed improvement
$146,620
Land market value
$266,000
Improvement market value
$146,620
Total market value
$412,620
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
6,340 SF
Lot
0.7 ac (30,492 SF)
APN
1702-03-13-2889
UPID
US53-3086286
Jurisdiction
MCDOWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$555,000
RESTAURANT
Est. value
$505,000
MEDICAL BUILDING
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$410,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Imran Yaseen
Individual
Free & Clear · 2 yrs held
Mailing address
255 BAY SHR LOOP, MOORESVILLE, NC 28117-9410
Ownership since
2023
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
Oct 3, 2023
$630,000
Imran Yaseen
Brittany Wilson
Warranty Deed
—
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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