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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
2582 College Ave Forest City, NC 28043-6116
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3129736
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Total area
4,108 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
1636652
UPID
US53-3129736
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
$995k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$840k
Owner & transaction history
Shakti Real Estate LLC · 3 yrs held
Shakti Real Estate LLC
since 2023
Last sale
$945,000
5 recorded transactions
Zoning & alternative use
C3 · Forest City, 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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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
$725,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $945k (Mar 7 2023)
Last sale anchor
$945k
Mar 7 2023
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
$204 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,318
Tax year 2021
Assessed value
$400,100
Assessed 2023
Previous assessed
$400,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$101,500
Assessed improvement
$298,600
Land market value
$101,500
Improvement market value
$298,600
Total market value
$400,100
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Buildings
2
Stories
1
Bathrooms
2
Total area
4,108 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
1636652
UPID
US53-3129736
Jurisdiction
RUTHERFORD
Zoning & alternative use
C3 · Forest City, NC
Zoning C3 · permitted uses
C3 · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$845,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
HEAT PUMP
Stories
1
Buildings
2
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Shakti Real Estate LLC
Entity
Mailing address
128 DENSON RUN, ROCKINGHAM, NC 28379-9412
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
$945,000
Shakti Real Estate LLC
Vishalp LLC
Special Warranty Deed
$950,000 · Vishalp LLC
Nov 21, 2016
$440,000
Vishalp LLC
Wcs Enterprise INC
Warranty Deed
—
Apr 29, 2010
$600,000
Wcs Ent INC
Capcar Realty 1 1 LLC
Grant Deed
$430,000 · Wilshire State Bank
May 24, 2005
$74,500
Chad C Sarratt
Ballenger,margaret L J
Warranty Deed
$60,000 · Sharonview FCU
Apr 14, 2005
$150,000
Kathleen B Thyne
Lr Buffalo Creek LLC
Warranty Deed
$134,910 · Suntrust Bank NA
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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