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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Medical Office Space
419 Earl Rd, Shelby, NC 28150-6700
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2898501
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
3,205 SF
Lot
0.67 ac (29,098 SF)
Zoning code
GB
APN
42080
UPID
US53-2898501
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
-
Dr. Nina M. Buff, MD Physician
-
Dr. Robert B. Thompson, MD Physician Medical Clinic
-
Dr. Michael L. Adix, MD Physician
-
MATTHEW TROY GOODWIN Physician
-
JESSICA WEATHERS STAMEY Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Alma Management LLC · 5 yrs held
Alma Management LLC
since 2021
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
GB · Shelby, 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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
$1,350,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.58M (Feb 8 2021)
Last sale anchor
$1.58M
Feb 8 2021
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
$459 / 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
$7,250
Tax year 2024
Assessed value
$601,683
Assessed 2023
Previous assessed
$601,683
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$329,381
Assessed improvement
$272,302
Land market value
$329,381
Improvement market value
$272,302
Total market value
$601,683
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
3,205 SF
Lot
0.67 ac (29,098 SF)
Zoning code
GB
APN
42080
UPID
US53-2898501
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NC
Zoning GB · permitted uses
GB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Alma Management LLC
Entity
Free & Clear · 5 yrs held
Mailing address
304 VAN NOSTRAND AVE, ENGLEWOOD, NJ 07631-4730
Ownership since
2021
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
Feb 8, 2021
—
Alma Management LLC
Rocking C Investments LLC
Deed
—
Feb 8, 2021
$1,576,000
Alma Management LLC
Rocking C Investments LLC
Special Warranty Deed
—
Feb 1, 2018
$1,265,000
Rocking C Investments LLC
Reliable Investment LLP
Warranty Deed
$508,000 · Entegra Bank
Jun 5, 2009
$700,000
Reliable Investment Lllp
Shelby Prop Inv Holdings LLC
Warranty Deed
—
Aug 6, 2008
$535,000
Shelby Property Investment Holdings
Pinnacle Healthcare Resources INC
Warranty Deed
$585,000 · Cit Small Business Lending Corp
—
—
Pinnacle Healthcare Rsrcs INC
—
Deed Of Trust
related
$75,000 · First National Bank
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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