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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
3502 Mt Pleasant Rd, Sherrills Ford, NC 28673-7823
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-5693993
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
WOOD
Total area
8,258 SF
Lot
1.19 ac (51,836 SF)
Zoning code
RC
APN
4607-01-28-1050
UPID
US53-5693993
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
-
CarFever LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$535k
Owner & transaction history
Morrison Suites LLC · 8 yrs held
Morrison Suites LLC
since 2017
7 recorded transactions
Zoning & alternative use
RC · Sherrills Ford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+11.8%
Retail stores
$800,000
+6.0%
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 Sherrills Ford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherrills Ford 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
OFFICE BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +6% · Conversion: Moderate
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
$65 / 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
$3,395
Tax year 2023
Assessed value
$581,600
Assessed 2023
Previous assessed
$703,600
-17.3% YoY
Effective rate
0.58%
On assessed value
Assessed land
$76,300
Assessed improvement
$505,300
Land market value
$76,300
Improvement market value
$505,300
Total market value
$581,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
8,258 SF
Lot
1.19 ac (51,836 SF)
Zoning code
RC
APN
4607-01-28-1050
UPID
US53-5693993
Jurisdiction
CATAWBA
Zoning & alternative use
RC · Sherrills Ford, NC
Zoning RC · permitted uses
RC · Sherrills Ford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherrills Ford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$840,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2017
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Morrison Suites LLC
Entity
Mailing address
PO BOX 41, SHERRILLS FORD, NC 28673-0041
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2017
$663,000
Morrison Suites LLC
Dockside Se Ventures LLC
Warranty Deed
$592,000 · First National Bank Of Pennsylvania
Dec 21, 2016
—
Dockside Sf Ventures LLC
Dockside Storage LLC
Quit Claim Deed
—
Dec 28, 2009
—
Dockside Storage LLC
Whirl Properties LLC
Warranty Deed
$460,000 · Piedmont Bank
Dec 23, 2009
—
Dockside Storage LLC
Whirl Properties LLC
Grant Deed
related
—
Dec 10, 2009
$250,000
Dockside Storage LLC
Bustle,bradley E & Lisa R
Warranty Deed
—
Dec 8, 2009
$250,000
Dockside Storage LLC
Bustle,bradley E
Grant Deed
—
Oct 20, 2006
$399,000
Whirl Properties LLC
Harley LLC
Warranty Deed
$470,000 · Piedmont Bank
Oct 20, 2006
—
Whirl Properties LLC
Harley LLC
Grant Deed
—
Apr 2, 2004
—
Harley LLC
Weber,thomas C & Mary S
Grant Deed
related
—
—
—
Dockside Storage LLC
—
Deed Of Trust
related
$460,000 · Piedmont Bank
—
—
Dockside Storage LLC
—
Deed Of Trust
related
$50,000 · Piedmont 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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