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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
290 Main St Rutherfordton, NC 28139-2536
Trust Owned
21-yr Hold
Free & Clear
Property ID
US53-2673241
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
4,636 SF
Lot
0.52 ac (22,651 SF)
Zoning code
RMST
APN
1205848
UPID
US53-2673241
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$535k
Owner & transaction history
Board Of Trustees & First United Me · 21 yrs held
Board Of Trustees & First United Me
since 2005
1 recorded transaction
Zoning & alternative use
RMST · Rutherfordton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$585,000
+62.3%
Retail stores
$410,000
+13.6%
Auto repair, garage
$385,000
+7.6%
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 Rutherfordton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rutherfordton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$360,000
Current use
COMMERCIAL (GENERAL)
$585,000
Change: +62% · Conversion: Easy
RETAIL STORES
$410,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$385,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$335,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$115 / 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
$5,853
Tax year 2021
Assessed value
$641,700
Assessed 2023
Previous assessed
$641,700
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$227,700
Assessed improvement
$414,000
Land market value
$227,700
Improvement market value
$414,000
Total market value
$641,700
Applied tax rate
12.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
7
Total area
4,636 SF
Lot
0.52 ac (22,651 SF)
Zoning code
RMST
APN
1205848
UPID
US53-2673241
Jurisdiction
RUTHERFORD
Zoning & alternative use
RMST · Rutherfordton, NC
Zoning RMST · permitted uses
RMST · Rutherfordton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rutherfordton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$360,000
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$335,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
7
Lot
0.52 ac
Current owner
From public records · entity-resolved
Board Of Trustees & First United Me
Trust
Free & Clear · 21 yrs held
Mailing address
264 N MAIN ST, RUTHERFORDTON, NC 28139-2536
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2005
—
Board Of Trustees & First United Me
Awo Rentals
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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