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Property profile & analytics
OFF-MARKET
Commercial real estate
421 Broadway St, Forest City, NC 28043-4045
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2837611
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Total area
211 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2
APN
422418
UPID
US53-2837611
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
Greene Rentals LLC · 1 yrs held
Greene Rentals LLC
since 2025
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
C2 · 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
$758
Tax year 2021
Assessed value
$85,400
Assessed 2023
Previous assessed
$85,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$28,700
Assessed improvement
$56,700
Land market value
$28,700
Improvement market value
$56,700
Total market value
$85,400
Applied tax rate
4.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Cooling
PARTIAL
Stories
1
Bathrooms
2
Total area
211 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2
APN
422418
UPID
US53-2837611
Jurisdiction
RUTHERFORD
Zoning & alternative use
C2 · Forest City, NC
Zoning C2 · permitted uses
C2 · 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
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Greene Rentals LLC
Entity
Mailing address
192 HIGH SHLS CHURCH RD, MOORESBORO, NC 28114-9673
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$200,000
Greene Rentals LLC
Cheryl Lynn Newton
Warranty Deed
$140,000 · The Fidelity Bank
Jan 15, 2016
$114,500
Cheryl Lynn Newton
Reic LLC
Warranty Deed
—
Nov 20, 2014
—
Reic LLC
Hometown R/e Green & Assocs Ll
Warranty Deed
related
$182,090 · Carolina Tr Bk
Aug 13, 2014
—
Hometown R E Greene
Greene,travis & Meredith
Quit Claim Deed
—
Jul 24, 2008
$74,000
Octavio Escalera
Greene,travis & Meredith
Warranty Deed
related
$72,856 · Taylor Bean & Whitaker Mtg
Nov 9, 2007
—
Travis C Greene
—
Trustees Deed
related
$250,000 · Carolina First Bank
Jul 27, 2006
$53,600
Travis Greene
Neill,david W
Trustees 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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