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Property profile & analytics
OFF-MARKET
Retail space
2400 Memorial Hwy Lake Lure, NC 28746-9005
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2531650
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
1,092 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CG
APN
1627044
UPID
US53-2531650
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
Current use
Occupant on record · Public records
-
Wood Works Furniture & Home Goods Home Decor Store
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
Cory P Coile · 2 yrs held
Cory P Coile
since 2024
Last sale
$325,000
4 recorded transactions
Zoning & alternative use
CG · Lake Lure, 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 Lake Lure submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Lure 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,611
Tax year 2021
Assessed value
$145,900
Assessed 2023
Previous assessed
$145,900
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$70,000
Assessed improvement
$75,900
Land market value
$70,000
Improvement market value
$75,900
Total market value
$145,900
Applied tax rate
2.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Buildings
2
Stories
1
Bathrooms
1
Total area
1,092 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CG
APN
1627044
UPID
US53-2531650
Jurisdiction
RUTHERFORD
Zoning & alternative use
CG · Lake Lure, NC
Zoning CG · permitted uses
CG · Lake Lure, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Lure. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Cory P Coile
Individual
Mailing address
318 GRIST ML CT, RINCON, GA 31326-5565
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$325,000
Cory P Coile
Margaret Stewart Keyes
Warranty Deed
$243,750 · United Banc
Feb 18, 2010
$182,000
Carolina First Bk
Raintree Realty & Const I
Trustees Deed
related
—
Feb 17, 2010
$182,000
Carolina First Bank
Jordan,kenneth H
Grant Deed
related
—
—
—
Kenneth H Jordan
—
Deed Of Trust
related
$320,000 · Carolina First Bank
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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