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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
2845 Sugar Hl Rd, Marion, NC 28752-6890
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3554447
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
WOOD
Total area
41,525 SF
Lot
7.02 ac (305,661 SF)
Zoning code
C-2
APN
0790-12-95-8218
UPID
US53-3554447
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
-
Nopale's Mexican Grill Restaurant
-
Great Clips Hair Salon Nail Salon
-
Luisa's Italian Restaurant & Pizzeria Restaurant
-
Japanese Express Restaurant
-
New China Buffett Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Wrs Centers Shops LLC · 3 yrs held
Wrs Centers Shops LLC
since 2022
4 recorded transactions
Zoning & alternative use
C-2 · Marion, 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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
by Request
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,155,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10%
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
$31 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,784
Tax year 2023
Assessed value
$5,816,680
Assessed 2023
Previous assessed
$5,816,680
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$2,274,430
Assessed improvement
$3,542,250
Land market value
$2,274,430
Improvement market value
$3,542,250
Total market value
$5,816,680
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
OIL
Cooling
CENTRAL
Stories
1
Bathrooms
51
Total area
41,525 SF
Lot
7.02 ac (305,661 SF)
Zoning code
C-2
APN
0790-12-95-8218
UPID
US53-3554447
Jurisdiction
MCDOWELL
Zoning & alternative use
C-2 · Marion, NC
Zoning C-2 · permitted uses
C-2 · Marion, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.2M
RETAIL STORES
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
2011
Construction
WOOD
Heating
OIL
Cooling
Yes
Stories
1
Bathrooms
51
Lot
7.02 ac
Current owner
From public records · entity-resolved
Wrs Centers Shops LLC
Entity
Mailing address
550 LONG PT RD, MT PLEASANT, SC 29464-7905
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Wrs Centers Shops LLC
—
Deed
related
$84,000,000 · Lmf Commercial LLC
Nov 2, 2022
—
Wrs Centers Shops LLC
Wrs Centers I LLC
Special Warranty Deed
$84,000,000 · Lmf Commercial LLC
Jan 7, 2014
—
Wrs Centers I LLC
Marion Retail Investment LLC
Trustees Deed
$71,000,000 · David R Dorton
Dec 31, 2013
—
Wrs Centers I LLC
Marion Retail Investment LLC
Grant Deed
related
—
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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