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Property profile & analytics
OFF-MARKET Estimated value $3,155,000
Retail space

502 Polk St Pineville, NC 28134-8520

10,840 SF 2.76 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
Property ID
US53-2422405
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 10,840 SF
Lot 2.76 ac (120,182 SF)
Zoning code B-3
APN 20709306
UPID US53-2422405
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
  • UPS Access Point location Courier Service Postal Service
  • Advance Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.38M
CAP Approach CAP
$2.04M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.16M
Owner & transaction history
Pineville Advanced LLC · 5 yrs held
Pineville Advanced LLC
since 2020
Last sale
$2.9M
7 recorded transactions
2020
$2.9M
2019
$1.9M
2019
Price N/A
2014
$1.7M
1989
$43,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6.1.6 General Business District (B-3) This business district located adjacent to Pineville’s historic Downtown Core and intended to closely reflect that. This district is designed to accommodate a wide variety of smaller and medium-sized retail and commercial uses. 6.1.7 Highway Business District (B-4) This is a business district along major highways for the…

Zone name General Business
General category COMMERCIAL
Zone area 88.86 ac
Source TOWN OF PINEVILLE
Top alternative use upside
Medical building $3.9M +13.9%
Office building $3.8M +11.5%
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