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Property profile & analytics
OFF-MARKET
Manufacturing properties
217 3rd Brothers Ave Shelby, NC 28152
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-2838569
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Lot
1.9 ac (82,764 SF)
Zoning code
GB2
APN
51366
UPID
US53-2838569
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
HOYLE PLUMBING CO INC
HOYLE PLUMBING CO INC
Zoning & alternative use
GB2 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB2 general business district is established as a district in which the permitted uses are identical to the GB district except that billboards (outdoor advertising signs) are not permitted in the GB2 district
Zone name
General Business
General category
COMMERCIAL
Zone area
325.45 ac
Source
Realmo
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,074
Tax year 2024
Assessed value
$89,132
Assessed 2023
Previous assessed
$89,132
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$87,504
Assessed improvement
$1,628
Land market value
$87,504
Improvement market value
$1,628
Total market value
$89,132
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Heating
NONE
Lot
1.9 ac (82,764 SF)
Zoning code
GB2
APN
51366
UPID
US53-2838569
Jurisdiction
CLEVELAND
Zoning & alternative use
GB2 · Shelby, NCZoning GB2 · permitted uses
GB2 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB2 general business district is established as a district in which the permitted uses are identical to the GB district except that billboards (outdoor advertising signs) are not permitted in the GB2 district
Zone name
General Business
General category
COMMERCIAL
Zone area
325.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
1.9 ac
Current owner
From public records · entity-resolved
HOYLE PLUMBING CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
1661 S LAFAYETTE ST, SHELBY, NC 28152-7152
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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