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Property profile & analytics
OFF-MARKET
Retail space
1922 Us 221st N Hwy Rutherfordton, NC 28139-9538
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2646815
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
2,340 SF
Lot
1.49 ac (64,904 SF)
APN
1645467
UPID
US53-2646815
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
Michael Eugene Pritchard · 1 yrs held
Michael Eugene Pritchard
since 2025
7 recorded transactions
Zoning & alternative use
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
$1,173
Tax year 2021
Assessed value
$167,900
Assessed 2023
Previous assessed
$167,900
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$23,300
Assessed improvement
$144,600
Land market value
$23,300
Improvement market value
$144,600
Total market value
$167,900
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
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
2003
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
1
Total area
2,340 SF
Lot
1.49 ac (64,904 SF)
APN
1645467
UPID
US53-2646815
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Michael Eugene Pritchard
Individual
Mailing address
2061 PINEY KNOB RD, RUTHERFORDTON, NC 28139-8532
Ownership since
2025
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
Feb 26, 2025
—
Michael Eugene Pritchard
Michael Pritchard
Deed
related
—
Nov 14, 2012
$143,000
Michael Pritchard
Tri State Lands LLC
Grant Deed
$112,200 · Carolina Trust Bank
Apr 10, 2006
—
Tri-state Lands LLC
—
Trustees Deed
related
$361,400 · Carolina First Bank
—
—
Tri-state Lands LLC
—
Deed Of Trust
related
$135,293 · Carolina Trust Bank
—
—
Tri State Lands LLC
—
Deed Of Trust
related
$311,000 · Carolina Trust Bank
—
—
Tri State Lands LLC
—
Deed Of Trust
related
$126,929 · Carolina Trust Bank
—
—
Justine L Prentice
—
Deed Of Trust
related
$16,829 · Citifinancial Services INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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