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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Retail space
3867 Startown Rd Newton, NC 28658
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2284736
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
METAL FRAME
Total area
9,173 SF
Lot
0.93 ac (40,511 SF)
Zoning code
B-2
APN
3629-07-57-7597
UPID
US53-2284736
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
$1.54M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.39M
Owner & transaction history
Herzig,stephen P 2006 Trust · 12 yrs held
Herzig,stephen P 2006 Trust
since 2013
3 recorded transactions
Zoning & alternative use
B-2 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+122.8%
Medical building
$1.7M
+96.6%
Apartment house (5+ units)
$1.1M
+21.2%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
RESTAURANT
$1,975,000
Change: +123% · Conversion: Easy
MEDICAL BUILDING
$1,740,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$152 / 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
$7,661
Tax year 2023
Assessed value
$902,900
Assessed 2023
Previous assessed
$902,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$107,100
Assessed improvement
$795,800
Land market value
$107,100
Improvement market value
$795,800
Total market value
$902,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
METAL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
9,173 SF
Lot
0.93 ac (40,511 SF)
Zoning code
B-2
APN
3629-07-57-7597
UPID
US53-2284736
Jurisdiction
CATAWBA
Zoning & alternative use
B-2 · Newton, NC
Zoning B-2 · permitted uses
B-2 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$885,000
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$935,000
OFFICE BUILDING
Est. value
$835,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2013
Construction
METAL FRAME
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Herzig,stephen P 2006 Trust
Trust
Mailing address
16137 CONNOR CT, LOS GATOS, CA 95032-2102
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2013
$1,316,000
Herzig,stephen P 2006 Trust
Craven Group LLC
Grant Deed
$658,000 · Fsgbank
Mar 21, 2013
$175,000
Craven Group LLC
Burgin Barbara P Trust
Warranty Deed
—
Oct 28, 2009
—
Burgin,barbara P Living Trust
Burgin,wilburn G JR & Barbara P
Quit Claim Deed
related
—
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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