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Property profile & analytics
OFF-MARKET
Retail space
198 Main St Rutherfordton, NC 28139-2502
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2720643
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,562 SF
Lot
0.04 ac (1,742 SF)
Zoning code
MS
APN
1211929
UPID
US53-2720643
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
Greene Rentals LLC · 2 yrs held
Greene Rentals LLC
since 2024
Last sale
$175,000
7 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,013
Tax year 2023
Assessed value
$96,100
Assessed 2024
Previous assessed
$96,100
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$16,000
Assessed improvement
$80,100
Land market value
$16,000
Improvement market value
$80,100
Total market value
$96,100
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
1900
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
2
Total area
1,562 SF
Lot
0.04 ac (1,742 SF)
Zoning code
MS
APN
1211929
UPID
US53-2720643
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
1900
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Greene Rentals LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1304 W MAIN ST, FOREST CITY, NC 28043-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Greene Rentals LLC
H & M Industries INC
Warranty Deed
—
Dec 8, 2023
—
Greene Rentals LLC
—
Deed
related
$150,000 · D & B Investments
Mar 14, 2023
$175,000
Greene Rentals LLC
Travis David Fagan
Warranty Deed
—
Sep 5, 2017
$93,500
Travis D Fagan
Hornback,mary F & Charles L
Warranty Deed
—
Jan 23, 2015
$100,000
Mary F Hornback
Trt LLC
Warranty Deed
$100,936 · Trt LLC
—
—
Trt LLC
—
Deed Of Trust
related
$100,000 · Carolina Trust Bank
—
—
Trt LLC
—
Deed Of Trust
related
$104,700 · Carolina Trust 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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