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Property profile & analytics
OFF-MARKET
Retail space
187 Main St Rutherfordton, NC 28139-2501
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-2647606
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Total area
6,150 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MS
APN
1202225
UPID
US53-2647606
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mercat Group LLC · 19 yrs held
Mercat Group LLC
since 2006
3 recorded transactions
Zoning & alternative use
MS · Rutherfordton, 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 Rutherfordton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rutherfordton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,382
Tax year 2021
Assessed value
$194,000
Assessed 2023
Previous assessed
$194,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$34,800
Assessed improvement
$159,200
Land market value
$34,800
Improvement market value
$159,200
Total market value
$194,000
Applied tax rate
12.0000
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
1924
Heating
OTHER
Cooling
EVAPORATIVE
Stories
2
Bathrooms
1
Total area
6,150 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MS
APN
1202225
UPID
US53-2647606
Jurisdiction
RUTHERFORD
Zoning & alternative use
MS · Rutherfordton, NC
Zoning MS · permitted uses
MS · Rutherfordton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rutherfordton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mercat Group LLC
Entity
Mailing address
386 JANUA COELI WAY, RUTHERFORDTON, NC 28139-8168
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2006
$280,000
Mercat Group LLC
Elegant Entrance LLC
Warranty Deed
$336,000 · Carolina First Bank
May 31, 2006
$240,000
Elegant Entrance LLC
Silvaplana LLC
Warranty Deed
related
—
—
—
Silvaplana LLC
—
Deed Of Trust
related
$192,000 · Carolina First 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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