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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3650 Nc 16th Business Hwy Denver, NC 28037-8268
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1576975
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,300 SF
Lot
2.46 ac (107,375 SF)
Zoning code
ELDD B-G
APN
34058
UPID
US53-1576975
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Denver Joint Venture LLC · 4 yrs held
Denver Joint Venture LLC
since 2022
7 recorded transactions
Zoning & alternative use
ELDD B-G · Denver, 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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,463
Tax year 2023
Assessed value
$1,197,884
Assessed 2023
Previous assessed
$1,197,884
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$433,125
Assessed improvement
$764,759
Land market value
$433,125
Improvement market value
$764,759
Total market value
$1,197,884
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
4,300 SF
Lot
2.46 ac (107,375 SF)
Zoning code
ELDD B-G
APN
34058
UPID
US53-1576975
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-G · Denver, NCZoning ELDD B-G · permitted uses
ELDD B-G · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Denver Joint Venture LLC
Entity
Mailing address
7935 COUNCIL PL STE #200, MATTHEWS, NC 28105-1007
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Denver Joint Venture LLC
Sams Commercial Properties LLC
Special Warranty Deed
$2,400,000 · Hometrust Bank
Feb 8, 2022
—
Sams Commercial Properties LLC
Sams Investments Vi LLC
Special Warranty Deed
—
Sep 4, 2019
—
Sams Investments Vi LLC
—
Grant Deed
related
$30,000,000 · Capital Bk
Aug 29, 2019
—
Sams Investments Vi LLC
Sams Investments IV LLC
Quit Claim Deed
related
—
Jul 22, 2014
$1,555,516
Sams Investment IV LLC
Rogers Townsend & Thomas PC
Trustees Deed
related
—
Mar 18, 2005
$1,000,000
Blam LLC
Boyce Lynch INC
Warranty Deed
$1,070,000 · Branch Banking & Trust Co
—
—
Blam LLC
—
Deed Of Trust
related
$1,395,000 · Carolina Trust Bank
—
—
Blam LLC
—
Deed Of Trust
related
$100,000 · Carolina Trust Bank
—
—
Blam LLC
—
Deed Of Trust
related
$1,333,000 · Home Loan & Investment Bank Fs
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.
Try Rey
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