New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Retail space
300 Polk St, Pineville, NC 28134-8571
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0853580
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
12,312 SF
Lot
0.58 ac (25,339 SF)
Zoning code
B-3
APN
22106404
UPID
US53-0853580
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
-
Triveni Supermarket Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.35M
Owner & transaction history
Lorgan Investments LLC · 6 yrs held
Lorgan Investments LLC
since 2020
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
B-3 · Pineville, 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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
$2,295,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,555,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,375,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $2.00M (Feb 26 2020)
Last sale anchor
$2.00M
Feb 26 2020
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
$190 / 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
$11,094
Tax year 2023
Assessed value
$1,463,400
Assessed 2024
Previous assessed
$1,492,300
-1.9% YoY
Effective rate
0.76%
On assessed value
Assessed land
$568,600
Assessed improvement
$894,800
Land market value
$568,600
Improvement market value
$894,800
Total market value
$1,463,400
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
12,312 SF
Lot
0.58 ac (25,339 SF)
Zoning code
B-3
APN
22106404
UPID
US53-0853580
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-3 · Pineville, NC
Zoning B-3 · permitted uses
B-3 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pineville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Lorgan Investments LLC
Entity
Mailing address
13702 DALTREY LN, CHARLOTTE, NC 28277-2374
Ownership since
2020
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
Nov 18, 2025
—
Lorgan Investments LLC
—
Deed
related
$500,000 · Fifth Third Bank NA
Feb 26, 2020
—
Lorgan Investments LLC
Wsw Partners LLC
Deed
$1,600,000 · Fifth Third Bank NA
Feb 26, 2020
$2,000,500
Lorgn Investments LLC
Wsw Partners LLC
Special Warranty Deed
—
Mar 7, 2018
—
Wsw Partners LLC
—
Deed
related
$644,415 · Wells Fargo Bk/tx
—
—
Wsw Partners LLC
—
Loan Modification
related
$644,415 · Wells Fargo Bk/tx
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 300 Polk St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
