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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
204 Polk St, Pineville, NC 28134
Trust Owned
5-yr Hold
Free & Clear
Property ID
US53-0956048
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
7,984 SF
Lot
0.88 ac (38,369 SF)
Zoning code
B3
APN
20709321
UPID
US53-0956048
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
-
Autobell Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.81M
Owner & transaction history
Hargrave,virginia L Trust · 5 yrs held
Hargrave,virginia L Trust
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
B3 · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+13.9%
Office building
$2.8M
+11.5%
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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
$1,975,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
$1,630,000
6.5%
$1,505,000
7%
$1,395,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,535,000
Current use
MEDICAL BUILDING
$2,885,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$2,825,000
Change: +12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,190,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.73M (Sep 29 2020)
Last sale anchor
$1.73M
Sep 29 2020
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
$227 / 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
$8,961
Tax year 2023
Assessed value
$1,182,000
Assessed 2024
Previous assessed
$1,206,300
-2.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$756,100
Assessed improvement
$425,900
Land market value
$756,100
Improvement market value
$425,900
Total market value
$1,182,000
Applied tax rate
21.0000
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
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
3
Total area
7,984 SF
Lot
0.88 ac (38,369 SF)
Zoning code
B3
APN
20709321
UPID
US53-0956048
Jurisdiction
MECKLENBURG
Zoning & alternative use
B3 · Pineville, NC
Zoning B3 · permitted uses
B3 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pineville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Lot
0.88 ac
Current owner
From public records · entity-resolved
Hargrave,virginia L Trust
Trust
Free & Clear · 5 yrs held
Mailing address
10012 BRASS EAGLE LN, CHARLOTTE, NC 28210-7936
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
$1,725,000
Hargrave,virginia L Trust
Tyndall Gladys W L/tr
Warranty Deed
—
Sep 29, 2020
—
Hargrave,virginia Trust
Tyndall C H & G W L/tr
Grant Deed
related
—
Sep 13, 2018
—
Gladys W Tyndall
—
Deed
related
$687,150 · Sutherland Grantor Trust (ct)
Jul 5, 2016
—
Autobell Car Wash INC
—
Deed
related
$10,000,000 · Suntrust Bk
Jul 14, 2015
—
Tyndall,charles H & G W Trust
Tyndall Charles SR & Gladys
Quit Claim Deed
related
—
Apr 27, 1995
—
Charles Tyndall SR.
Tyndall,charles
Quit Claim Deed
related
—
—
—
Autobell Car Wash INC
—
Deed Of Trust
related
$10,000,000 · Suntrust Bk
—
—
Gladys W Tyndall
—
Loan Modification
related
$687,150 · Sutherland Grantor Trust (ct)
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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