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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Outlet malls
3565 Nc Hwy 16th N, Taylorsville, NC 28681
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5014573
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Total area
9,301 SF
Lot
1.38 ac (60,069 SF)
Zoning code
RA-20
APN
12385
UPID
US53-5014573
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
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Jon Eric Frudden · 3 yrs held
Jon Eric Frudden
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
RA-20 · Taylorsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+130.6%
Office building
$1.1M
+42.9%
Restaurant
$925,000
+18.6%
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 Taylorsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taylorsville 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
$1,310,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$780,000
Current use
COMMERCIAL (GENERAL)
$1,805,000
Change: +131% · Conversion: Easy
OFFICE BUILDING
$1,120,000
Change: +43% · Conversion: Easy
RESTAURANT
$925,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.21M (Feb 6 2023)
Last sale anchor
$1.21M
Feb 6 2023
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
$130 / 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
$5,821
Tax year 2024
Assessed value
$781,389
Assessed 2024
Previous assessed
$781,389
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$52,338
Assessed improvement
$729,051
Land market value
$52,338
Improvement market value
$729,051
Total market value
$781,389
Applied tax rate
126.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Heating
HEAT PUMP
Stories
1
Total area
9,301 SF
Lot
1.38 ac (60,069 SF)
Zoning code
RA-20
APN
12385
UPID
US53-5014573
Jurisdiction
ALEXANDER
Zoning & alternative use
RA-20 · Taylorsville, NC
Zoning RA-20 · permitted uses
RA-20 · Taylorsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylorsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2016
Heating
HEAT PUMP
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Jon Eric Frudden
Individual
Mailing address
1902 CARTER DR, RENO, NV 89509-3063
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Jon Eric Frudden
Jon Eric Frudden
Intrafamily Transfer
related
—
Mar 19, 2019
$1,205,500
Frudden,j H Separate Prop Trust
Eastern Pride INC
Grant Deed
—
Jun 24, 2016
$1,257,000
Eastern Pride INC
Venture Properties Vii LLC
Warranty Deed
$885,000 · Branch Bk&tr
Jan 7, 2016
$160,100
Venture Properties Vii LLC
Isenhour,patty & Ricky A
Warranty Deed
—
—
—
Venture Properties Vii LLC
—
Deed Of Trust
related
$910,000 · Suntrust Bk
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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