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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Gas stations
230 Nc Hwy 801st N, Advance, NC 27006-7944
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0979653
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2010
Construction
STEEL FRAME
Total area
216 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CSS
APN
D700000230
UPID
US53-0979653
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Michael H Forman · 4 yrs held
Michael H Forman
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CSS · Advance, 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 Advance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Advance 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
$1,425,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.38M (Jun 22 2022)
Last sale anchor
$1.38M
Jun 22 2022
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
$6,343 / 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
$4,733
Tax year 2024
Assessed value
$512,730
Assessed 2024
Previous assessed
$512,730
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$411,640
Assessed improvement
$101,090
Land market value
$411,640
Improvement market value
$101,090
Total market value
$512,730
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
216 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CSS
APN
D700000230
UPID
US53-0979653
Jurisdiction
DAVIE
Zoning & alternative use
CSS · Advance, NC
Zoning CSS · permitted uses
CSS · Advance, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Advance. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Michael H Forman
Individual
Free & Clear · 4 yrs held
Mailing address
14875 VIA DEL CANON, DEL MAR, CA 92014-4203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$1,375,000
Michael H Forman
Zoobie Holdings LLC
Warranty Deed
—
Dec 22, 2016
—
Zoobie Holdings LLC
—
Deed
related
$700,000 · Georgia Bk&tr/augusta
Jun 26, 2013
—
Zoobie Holdings LLC
—
Trustees Deed
related
$3,325,000 · Certusbank NA
Dec 13, 2011
$850,000
Zoobie Holdings LLC
Talbert Group LLC
Warranty Deed
related
$680,000 · Branch Banking & Trust Co
Aug 22, 2011
$410,000
Talbert Group LLC
Burnfam LP
Warranty Deed
—
Feb 24, 2010
$159,500
Djb Davie Properties LLC
Burnfam LP
Warranty Deed
$127,431 · First Citizens Bank & Trust Co
May 13, 2009
$975,000
Liberty Hospitality Ptrs
Burnfam
Warranty Deed
—
May 12, 2009
$46,500
Burnfam
Hillsdale Group LLC
Warranty Deed
—
Mar 20, 2000
$2,273,000
Burnfam Limited Partnership
—
Warranty Deed
related
—
—
—
Zoobie Holdings LLC
—
Deed Of Trust
related
$700,000 · Georgia Bk&tr/augusta
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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