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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Banks
301 Main St, Cherryville, NC 28021-3410
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1003618
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1942
Total area
6,805 SF
Lot
0.18 ac (7,841 SF)
Zoning code
OFF01
APN
129680
UPID
US53-1003618
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
$681k
Blend (final)
Blend
$630k
Owner & transaction history
Cherryville Main Street LLC · 6 yrs held
Cherryville Main Street LLC
since 2019
3 recorded transactions
Zoning & alternative use
OFF01 · Cherryville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+38.3%
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 Cherryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherryville 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
FINANCIAL BUILDING
$605,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +38% · Conversion: Difficult
RESTAURANT
$600,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$93 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,616
Tax year 2024
Assessed value
$335,130
Assessed 2024
Previous assessed
$335,130
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$25,640
Assessed improvement
$309,490
Applied tax rate
140.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1942
Heating
HEAT PUMP
Stories
2
Rooms
1
Total area
6,805 SF
Lot
0.18 ac (7,841 SF)
Zoning code
OFF01
APN
129680
UPID
US53-1003618
Jurisdiction
GASTON
Zoning & alternative use
OFF01 · Cherryville, NC
Zoning OFF01 · permitted uses
OFF01 · Cherryville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cherryville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$835,000
RESTAURANT
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$555,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1942
Heating
HEAT PUMP
Stories
2
Rooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Cherryville Main Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6711 E CAMELBACK RD UNIT #12, SCOTTSDALE, AZ 85251-2063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
Cherryville Main Street LLC
Cedar Lake Farm LLC
Warranty Deed
—
Aug 2, 2016
$305,000
Cedar Lake Farm LLC
Beamco INC
Warranty Deed
—
Feb 26, 2009
$175,000
Beamco INC
Fraley,allen R
Grant Deed
$140,000 · Cherryville Federal S & L
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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