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Property profile & analytics
OFF-MARKET
Turn key restaurants
351 Oakland Rd Spindale, NC 28160-2119
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2507693
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
1,476 SF
Lot
0.36 ac (15,682 SF)
Zoning code
HCI
APN
1208419
UPID
US53-2507693
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
-
Top Dog Fast Food Restaurant Take-out & Catering
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
J Jesus Ernesto Herrera Vazquez · 2 yrs held
J Jesus Ernesto Herrera Vazquez
since 2024
Last sale
$130,000
6 recorded transactions
Zoning & alternative use
HCI · Spindale, 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 Spindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spindale 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 2021Property tax & assessments
Tax year 2021
Tax billed
$601
Tax year 2021
Assessed value
$48,600
Assessed 2023
Previous assessed
$48,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$15,900
Assessed improvement
$32,700
Land market value
$15,900
Improvement market value
$32,700
Total market value
$48,600
Applied tax rate
12.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,476 SF
Lot
0.36 ac (15,682 SF)
Zoning code
HCI
APN
1208419
UPID
US53-2507693
Jurisdiction
RUTHERFORD
Zoning & alternative use
HCI · Spindale, NC
Zoning HCI · permitted uses
HCI · Spindale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spindale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
J Jesus Ernesto Herrera Vazquez
Individual
Mailing address
392 CV HOLW RD, RUTHERFORDTON, NC 28139-6395
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$130,000
J Jesus Ernesto Herrera Vazquez
James D Owens
Warranty Deed
$70,000 · James Owns
Dec 28, 2018
—
James Owens
Franchises Unlimited INC
Warranty Deed
—
Jul 26, 2017
$21,000
Franchises Unlimited INC
Goforth,donald G
Warranty Deed
—
Mar 24, 2014
$21,000
Franchises Unlimited INC
Goforth,donald G
Dual Purpose Document
—
Mar 17, 2014
—
Donald Guy Goforth
Weatherman,ronnie
Grant Deed
related
—
Jan 12, 2012
$62,000
Ronnie Weatherman
Goforth,donald Guy
Grant Deed
—
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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