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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Medical Office Space
502 King St, Kings Mountain, NC 28086-3362
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-2893520
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
18,744 SF
Lot
1.24 ac (54,000 SF)
Zoning code
NB
APN
7371
UPID
US53-2893520
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
-
Poe Cathy Employment Agency
-
Heather Heath Physician
-
Anderson Clinic Physician
-
Holly's Hair Studio Hair Salon Nail Salon
-
Boom Therapy Group Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.90M
Owner & transaction history
Bvb-nc LLC|bascom Nc 1 LLC · 11 yrs held
Bvb-nc LLC|bascom Nc 1 LLC
since 2015
3 recorded transactions
Zoning & alternative use
NB · Kings Mountain, 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 Kings Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Mountain 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,575,000
Current use
AUTO REPAIR, GARAGE
$2,305,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$2,235,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$101 / 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
$23,631
Tax year 2024
Assessed value
$2,024,049
Assessed 2023
Previous assessed
$2,024,049
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$162,720
Assessed improvement
$1,861,329
Land market value
$162,720
Improvement market value
$1,861,329
Total market value
$2,024,049
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
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
2000
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
18,744 SF
Lot
1.24 ac (54,000 SF)
Zoning code
NB
APN
7371
UPID
US53-2893520
Jurisdiction
CLEVELAND
Zoning & alternative use
NB · Kings Mountain, NC
Zoning NB · permitted uses
NB · Kings Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING Current
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
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Bvb-nc LLC|bascom Nc 1 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
204 W WOODLAWN RD STE C, CHARLOTTE, NC 28217-2174
Ownership since
2015
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
Jan 26, 2015
$1,207,500
Bvb-nc LLC|bascom Nc 1 LLC
502 King Street LLC
Grant Deed
—
Jun 29, 2007
$2,050,000
502 King Street LLC
First Charter Bank
Grant Deed
$2,435,250 · Park Sterling Bank
Mar 23, 2005
$2,600,000
First Charter Bank
Deaton Wesley L
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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