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Property profile & analytics
OFF-MARKET
Outlet malls
4225 Fallston Rd, Shelby, NC 28150-2824
Entity Owned
8-yr Hold
Property ID
US53-2812523
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Total area
6,264 SF
Lot
1.59 ac (69,260 SF)
Zoning code
R15
APN
60980
UPID
US53-2812523
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
-
De Risi Powersports Auto Repair Shop Motorcycle Shop
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
Derisi Racing INC · 8 yrs held
Derisi Racing INC
since 2017
7 recorded transactions
Zoning & alternative use
R15 · 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,125
Tax year 2024
Assessed value
$141,519
Assessed 2023
Previous assessed
$141,519
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$34,980
Assessed improvement
$106,539
Land market value
$34,980
Improvement market value
$106,539
Total market value
$141,519
Applied tax rate
61.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1964
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
6,264 SF
Lot
1.59 ac (69,260 SF)
Zoning code
R15
APN
60980
UPID
US53-2812523
Jurisdiction
CLEVELAND
Zoning & alternative use
R15 · Shelby, NC
Zoning R15 · permitted uses
R15 · 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
1964
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Derisi Racing INC
Entity
Mailing address
420 MORIAH CHURCH RD, CASAR, NC 28020-8788
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2017
$125,000
Derisi Racing INC
D & P Prop Of Fallston LLC
Warranty Deed
$125,000 · D & P Properties Of Fallston L
Mar 21, 2017
$80,000
Justin T Rodden
Huffstetler,bonnie B
Warranty Deed
$80,000 · Bonnie B Huffstetler
May 9, 2012
$41,500
D & P Properties Of Fallston LLC
Atlas Nc I Spe LLC
Grant Deed
—
May 7, 2012
$41,500
D & P Properties Of Fallston L
Atlas Nc I Spe LLC
Grant Deed
—
Jun 16, 2011
—
Atlas Nc I Spe LLC
Branch Banking And Trust Co
Grant Deed
related
—
Jun 14, 2011
—
Altas Nc I Spe LLC
Branch Bkng & Trust Co
Quit Claim Deed
related
—
Feb 25, 2011
$131,200
Branch Bkng & Trust Co
Whitley Kimberly H
Trustees Deed
related
—
Feb 24, 2011
$131,500
Branch Banking And Trust Co
Self,gary W
Grant 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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