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    Property profile & analytics

    2601 Stage Coach Trl Shelby, NC 28150

    • Outlet malls
    • 10,488 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2023
    $1,825,000
    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    8.5%
    Outlet malls
    Location Intelligence
    Property ID
    US53-2539377
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 2601 Stage Coach Trl

    Year built
    2022
    Lot size
    1.10 lot acres
    Property size
    10,488 SF
    Zone code
    AA3
    Property type
    Outlet malls
    APN
    33107
    APU
    33107

    Description

    This exceptional investment opportunity presents a newly constructed 10,500 square foot Dollar Tree/Family Dollar combo store located at 2601 W Stage Coach Trail, Shelby, NC 28150. The property sits on a 1.25-acre lot and boasts a 100% occupancy rate since its opening on January 12, 2023. The current lease, a Net Lease (NN) with a corporate guarantee from Family Dollar Stores, Inc., has a remaining term of 8.2 years, extending to January 31, 2033, with six, five-year renewal options, each including rent bumps. The property generates a substantial Net Operating Income (NOI) of $120,018, resulting in a 7.00% capitalization rate. The asking price is $1,715,000, translating to a price per square foot of $163.33. This investment is structured for a 1031 exchange. The property benefits from its strategic location in a thriving community, drawing from a large trade area encompassing major cities such as Charlotte, Asheville, and Greenville/Spartanburg. The high traffic counts on W Stage Coach Trail and Polkville Road, coupled with the potential for continued demographic and income growth in the area, make this a compelling investment prospect. The recession-resistant nature of the essential retail businesses further enhances its long-term stability and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,480,000
      ML approach
      $1,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,095,000
      6.5%
      $1,935,000
      7%
      $1,795,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $916,000
      Market price range: $227k - $1.23M
      AI Estimate
      $1,046,000
      Market price range: $369k - $1.32M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,075,000
      MEDICAL BUILDING
      $1,440,000
      OFFICE BUILDING
      $1,375,000
      AUTO REPAIR, GARAGE
      $1,290,000
      COMMERCIAL (GENERAL)
      $1,145,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.6457
    Latitude
    35.4159
    CBSA code
    43140
    CBSA name
    SHELBY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,506
    $37,500
    $477,499
    $514,999
    -
    $37,500
    $477,499
    $514,999

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      1205 Costner Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      1205 Costner Rd, Shelby, NC 28150-2805
      View Details
    • Value Estimation
      $655,000
      6,006 SF

      512 Lafayette St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,006 SF
      512 Lafayette St, Shelby, NC 28150-5849
      View Details
    • Value Estimation by Request
      6,264 SF

      4225 Fallston Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,264 SF
      4225 Fallston Rd, Shelby, NC 28150-2824
      View Details
    • Value Estimation by Request
      8,226 SF

      2301 Stage Coach Trl

      WHOLESALE OUTLET, DISCOUNT STORE • 8,226 SF
      2301 Stage Coach Trl, Shelby, NC 28150
      View Details
    • Value Estimation by Request
      1,680 SF

      3450 Polkville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,680 SF
      3450 Polkville Rd, Shelby, NC 28150-8683
      View Details
    • Value Estimation by Request
      2,170 SF

      1145 Marion St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,170 SF
      1145 Marion St, Shelby, NC 28150-4843
      View Details

    Similar Nearby for Sale

    • $375,000
      1.46 Acres

      804 Grover St, Shelby, NC 28150

      Retail properties • 1.46 Acres
      804 Grover St, Shelby, NC 28150
      View Details
    • Contact for pricing

      Charming Brick Building with Versatile Zoning

      High-visibility brick property with flexible zoning and desirable features.
      1407 E Marion St, Shelby, NC 28150
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    • $3,750,000
      14,673 SF

      Walgreens Shelby, NC Investment

      High-growth area, NNN lease, strong tenant.
      1170 Marion St, Shelby, NC 28150
      View Details
    • $250,000
      1,255 SF

      Polkville Area Retail/Office Opportunity

      Well-maintained retail or office space with multiple rooms and ample parking.
      4009 Polkville Rd, Shelby, NC 28150
      View Details
    • Contact for pricing

      Remodeled Restaurant Location For Sale

      Recently remodeled restaurant location at lighted intersection.
      201 N Lafayette St, Shelby, NC 28150
      View Details
    • New
      $369,900
      1.46 Acres

      Commercial Land with Triple Road Frontage

      1.455 acre commercial land with city utilities in Shelby.
      804 E Grover St E, Shelby, NC 28150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Shelby Retail Space: High Visibility

      Prime Shelby storefront, 7,000 sq ft available, ample parking.
      821 Lafayette St, Shelby, NC 28150
      View Details
    • Contact for pricing
      14,673 SF

      Prime Retail Space, High Traffic Area

      Freestanding Drug Store, 14,673 SF, 1.52 Acres
      1170 Marion St, Shelby, NC 28150
      View Details
    • Contact for pricing
      2,073 SF

      Retail Space in Shelby, NC

      Retail space available for lease in Shelby, North Carolina.
      625 S Lafayette St, Shelby, NC 28150
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Shelby, NC

      2,000 SF retail space available for rent.
      707 S Lafayette St, Shelby, NC 28150
      View Details
    • New
      $1,000 /Mo
      21,780 SF

      Retail Space in Shelby, NC

      2008 SF retail space for lease in Shelby, NC.
      920 Fallston Rd, Shelby, NC 28150
      View Details
    • Contact for pricing
      2,970 SF

      Retail Space in Shelby, NC

      Retail property available for lease in Shelby, North Carolina.
      1198 Wyke Rd, Shelby, NC 28150
      View Details
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    Shelby, NC 28150
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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