Entity Owned Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Total area
2,000 SF
Lot
0.69 ac (29,969 SF)
Zoning code
NB
APN
27998
UPID
US53-2824224
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gas Station
-
Restaurant
-
Grocery & Convenience Store
-
Atm
-
Grocery & Convenience Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
since 2023
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
NB · Shelby, NC
Zoning description
The NB neighborhood business district is established as a district in which to allow small, limited retail service land uses that provide goods and services primarily to surrounding residential neighborhoods, permitted r…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.09M
Value range
$981k – $1.20M
±10% around blend
Estimated value / SF
$545 / SF
Confidence
Property data
100
Comparable evidence
60
$981k
blend $1.09M
$1.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,000 SF
Lot area
0.69 ac
Year built
1969
Stories
1
APN
27998
Zoning
NB
Assessed value
$83,616
Annual tax
$1,024
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.09M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
2.30%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$94k *
Last sale · Nov 2023
$1.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.09M
Move the market yield to see immediate price impact.
Value / SF
$2,047
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.80%2.30%2.80%
$85k
$4.71M
$3.68M
$3.03M
$94k
$5.23M
$4.09M
$3.36M
$104k
$5.75M
$4.50M
$3.70M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,024
Tax year 2024
Assessed value
$83,616
Assessed 2023
Previous assessed
$83,616
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$16,532
Assessed improvement
$67,084
Land market value
$16,532
Improvement market value
$67,084
Total market value
$83,616
Applied tax rate
55.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1969
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
2,000 SF
Lot
0.69 ac (29,969 SF)
Zoning code
NB
APN
27998
UPID
US53-2824224
Jurisdiction
CLEVELAND
Zoning & alternative use
NB · Shelby, NCZoning NB · permitted uses
NB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The NB neighborhood business district is established as a district in which to allow small, limited retail service land uses that provide goods and services primarily to surrounding residential neighborhoods, permitted r…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1969
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
NB
COMMERCIAL
Jurisdiction
Shelby, NC
Recorded code
NB
Official district
NB
Official district profile
What the municipal code says about NB
Zoning description
The NB neighborhood business district is established as a district in which to allow small, limited retail service land uses that provide goods and services primarily to surrounding residential neighborhoods, permitted r…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NB in Shelby, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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