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Property profile & analytics
OFF-MARKET
Auto shops
2242 Hoey Church Rd, Shelby, NC 28152-8979
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2920578
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1981
Total area
8,800 SF
Lot
1.48 ac (64,478 SF)
Zoning code
GB
APN
23726
UPID
US53-2920578
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
Time & Materials Solutions INC · 2 yrs held
Time & Materials Solutions INC
since 2023
7 recorded transactions
Zoning & alternative use
GB · 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
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
$2,916
Tax year 2024
Assessed value
$242,018
Assessed 2024
Previous assessed
$242,018
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$84,357
Assessed improvement
$157,661
Land market value
$84,357
Improvement market value
$157,661
Total market value
$242,018
Applied tax rate
5.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1981
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
8,800 SF
Lot
1.48 ac (64,478 SF)
Zoning code
GB
APN
23726
UPID
US53-2920578
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NC
Zoning GB · permitted uses
GB · 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
1981
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Time & Materials Solutions INC
Entity
Mailing address
2365 DAVID BAPTIST CH RD, KINGS MOUNTAIN, NC 28086-7507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 1, 2023
$550,000
Time & Materials Solutions INC
Global Properties Investment LLC
Warranty Deed
$440,000 · Enterprise Bank & Trust
Dec 1, 2023
—
Time And Materials Solutions INC
—
Deed
related
$440,000 · Enterprise Bank & Trust
Jul 17, 2019
$275,000
Global Properties Investment LLC
Victoria Charles Real Estate INC
Warranty Deed
$233,750 · Peoples Bank
Aug 25, 2014
$99,000
Charles Real Estate I Victoria
2242 Hoey Church Road INC
Grant Deed
—
Sep 18, 2012
$300,000
2242 Hoey Church Road INC
Turner G Robert III
Trustees Deed
related
—
Sep 13, 2012
$300,000
2242 Hoey Church Road INC
Fitch,kennon W
Grant Deed
—
—
—
Kennon W Fitch
—
Deed Of Trust
related
$75,000 · Alliance Bank & Trust Co
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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