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Property profile & analytics
OFF-MARKET
Retail space
3500 Fallston Rd Shelby, NC 28150-9278
Individually Owned
Free & Clear
Property ID
US53-2642654
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
1,878 SF
Lot
0.6 ac (26,136 SF)
Zoning code
AA4
APN
29079
UPID
US53-2642654
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
-
3500 Grill & Mart (Bike/Boat/Book/etc) Store Home Appliance Store
-
N & K Quick Stop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cecil Milton Rachels JR
Cecil Milton Rachels JR
since 2025
2 recorded transactions
Zoning & alternative use
AA4 · Shelby, NC
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$704
Tax year 2024
Assessed value
$88,580
Assessed 2023
Previous assessed
$88,580
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$15,000
Assessed improvement
$73,580
Land market value
$15,000
Improvement market value
$73,580
Total market value
$88,580
Applied tax rate
61.0000
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
1975
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
1,878 SF
Lot
0.6 ac (26,136 SF)
Zoning code
AA4
APN
29079
UPID
US53-2642654
Jurisdiction
CLEVELAND
Zoning & alternative use
AA4 · Shelby, NCZoning AA4 · permitted uses
AA4 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
GIS | City of Shelby
Building & site characteristics
From public records
Year built
1975
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Cecil Milton Rachels JR
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 35, FALLSTON, NC 28042-0035
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$90,000
Cecil Milton Rachels JR
A Max Boggs JR
Warranty Deed
—
—
—
A Max Boggs
—
Deed Of Trust
related
$259,800 · First National Bank
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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