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Property profile & analytics
OFF-MARKET
Office Spaces
369 Butler Rd, Forest City, NC 28043-6106
Entity Owned
3-yr Hold
Property ID
US53-4855224
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Total area
2,016 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C3ETJ
APN
1652075
UPID
US53-4855224
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
Lionacre INC · 3 yrs held
Lionacre INC
since 2022
Last sale
$250,000
4 recorded transactions
Zoning & alternative use
C3ETJ · Forest City, 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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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
$1,093
Tax year 2021
Assessed value
$158,200
Assessed 2023
Previous assessed
$158,200
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$96,600
Assessed improvement
$61,600
Land market value
$96,600
Improvement market value
$61,600
Total market value
$158,200
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
2,016 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C3ETJ
APN
1652075
UPID
US53-4855224
Jurisdiction
RUTHERFORD
Zoning & alternative use
C3ETJ · Forest City, NC
Zoning C3ETJ · permitted uses
C3ETJ · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lionacre INC
Entity
Mailing address
364 BUTLER RD, FOREST CITY, NC 28043-6106
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$250,000
Lionacre INC
Greene Rentals LLC
Warranty Deed
$200,000 · United Bank
Apr 28, 2021
$152,500
Greene Rentals LLC
Gena Maria Smith
Warranty Deed
$122,000 · United Bank
Jan 2, 2020
—
Gena M Smith
Muriel Smith LLC
Quit Claim Deed
related
—
Aug 9, 2018
—
Muriel Smith LLC
Margaret M Smith
Quit Claim 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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