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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2295 Linville Fls Hwy Newland, NC 28657
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2559858
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2013
Construction
CONCRETE BLOCKS
Total area
10,500 SF
Lot
1.34 ac (58,370 SF)
APN
18441564500700000
UPID
US53-2559858
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
Rebecca S Lovelace · 1 yrs held
Rebecca S Lovelace
since 2024
7 recorded transactions
Zoning & alternative use
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 Newland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newland 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
$4,430
Tax year 2023
Assessed value
$1,107,500
Assessed 2023
Previous assessed
$1,107,500
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$394,000
Assessed improvement
$713,500
Land market value
$394,000
Improvement market value
$713,500
Total market value
$1,107,500
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
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2013
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
10,500 SF
Lot
1.34 ac (58,370 SF)
APN
18441564500700000
UPID
US53-2559858
Jurisdiction
AVERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Rebecca S Lovelace
Individual
Mailing address
2405 NASH ST NW STE F, WILSON, NC 27896-1634
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
$1,165,000
Rebecca S Lovelace
Eastern Pride INC
Special Warranty Deed
$360,000 · First Reliance Bank
Jan 15, 2014
$1,161,500
Dg Partners LLC
Venture Properties Vii LLC
Grant Deed
$2,535,690 · Bank Of Nc
Sep 3, 2013
—
Venture Properties Vii LLC
—
Trustees Deed
related
$858,918 · Wells Fargo Bank
May 30, 2013
$169,000
Venture Properties Vii LLC
Lowe,robert J SR & Sharon L
Warranty Deed
—
May 24, 2013
$169,000
Venture Properties Vii LLC
Lowe,robert J SR
Grant Deed
—
Jan 2, 2007
$290,000
Robert J Lowe SR.
Simms,a Charles & Sharon K
Warranty Deed
$150,994 · A Charles & Sharon K Simms
Jun 30, 2005
$167,000
Simms A C
Cardinal Installers Co INC
Warranty Deed
$150,300 · Bank Of Granite
—
—
Robert J Lowe SR.
—
Deed Of Trust
related
$177,600 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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