New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Individual retail properties
212 Ramblewood Dr, Shelby, NC 28152-6680
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2728430
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1974
Total area
946 SF
Lot
8.49 ac (370,042 SF)
Zoning code
R6
APN
72702
UPID
US53-2728430
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
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.20M
Owner & transaction history
Eca Parkside LLC · 1 yrs held
Eca Parkside LLC
since 2024
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
R6 · Shelby, 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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Sep 26 2024)
Last sale anchor
$6.20M
Sep 26 2024
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
$6,554 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$36,946
Tax year 2024
Assessed value
$2,866,868
Assessed 2024
Previous assessed
$2,866,868
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$178,227
Assessed improvement
$2,688,641
Land market value
$178,227
Improvement market value
$2,688,641
Total market value
$2,866,868
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1974
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Total area
946 SF
Lot
8.49 ac (370,042 SF)
Zoning code
R6
APN
72702
UPID
US53-2728430
Jurisdiction
CLEVELAND
Zoning & alternative use
R6 · Shelby, NC
Zoning R6 · permitted uses
R6 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
7
Lot
8.49 ac
Current owner
From public records · entity-resolved
Eca Parkside LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7208 FLS OF NEUSE RD STE #210, RALEIGH, NC 27615-3244
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
$6,200,000
Eca Parkside LLC
203 Ramblewood Dr LLC
Special Warranty Deed
—
Jun 13, 2022
—
203 Ramblewood Dr LLC
Parkside Shelby Cgc LLC
Quit Claim Deed
related
—
Jun 13, 2022
$8,100,000
203 Ramblewood Dr LLC
Parkside Shelby Cgc LLC
Special Warranty Deed
$152,757,944 · Peoples Bank & Trust Co Of Pickett Co
Jun 7, 2022
—
Parkside Shelby Cgc LLC
Parkside Shelby Cgc LLC
Intrafamily Transfer
related
—
Dec 28, 2021
$5,360,613
Parkside Shelby Cgc LLC
Kituwah LLC
Special Warranty Deed
—
Aug 29, 2019
$5,025,000
Kituwah LLC
Main Street Village INC
Warranty Deed
—
Jun 6, 2017
—
Main Streeet Village INC
—
Deed
related
$1,000,000 · Buchanan Hilary J Trust (rt)
Aug 1, 2016
—
Main Street Village INC
—
Trustees Deed
related
$1,046,500 · Bh Lenders LLC Bh Lenders LLC
Jun 5, 2015
$665,000
Main Street Village INC
Parkside Villas LLC
Warranty Deed
—
Dec 14, 2012
$475,000
Parkside Villas LLC
Orion Real Estate Group LLC
Grant Deed
$575,000 · Charles N JR & Emily C Reid
Dec 11, 2012
$475,000
Parkside Villas LLC
Orion Real Estate Grp LLC
Grant Deed
$575,000 · Charles Reid
Jul 20, 2012
—
Orion Real Estate Grp LLC
Southern Community Bank And Trust
Grant Deed
related
—
Jul 10, 2012
$430,000
Southern Community Bank And Tr
Mcdonald Ramblewood LLC
Grant Deed
related
—
—
—
Main Streeet Village INC
—
Deed Of Trust
related
$1,000,000 · Buchanan Hilary J Trust (rt)
—
—
Parkside Villas LLC
—
Deed Of Trust
related
$575,000 · Charles N JR & Emily C Reid
—
—
Mcdonald Ramblewood LLC
—
Deed Of Trust
related
$1,665,562 · Southern Community Bank
—
—
Mcdonald Ramblewood LLC
—
Deed Of Trust
related
$3,200,000 · Southern Community Bank
—
—
Main Street Village INC
—
Deed Of Trust
related
$350,000 · Rcn Cap
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 212 Ramblewood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
