New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,590,000
Strip malls
509 Polk St, Pineville, NC 28134-8563
Entity Owned
28-yr Hold
Free & Clear
Property ID
US53-1290424
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
70,000 SF
Lot
4.98 ac (217,059 SF)
Zoning code
B3
APN
20508103
UPID
US53-1290424
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
-
India Grocers Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.59M
Owner & transaction history
Marshall Properties Thirte · 28 yrs held
Marshall Properties Thirte
since 1998
6 recorded transactions
Zoning & alternative use
B3 · Pineville, 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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
$137 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$94,406
Tax year 2023
Assessed value
$12,453,000
Assessed 2024
Previous assessed
$12,618,400
-1.3% YoY
Effective rate
0.76%
On assessed value
Assessed land
$2,346,100
Assessed improvement
$10,106,900
Land market value
$2,346,100
Improvement market value
$10,106,900
Total market value
$12,453,000
Applied tax rate
21.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
28
Total area
70,000 SF
Lot
4.98 ac (217,059 SF)
Zoning code
B3
APN
20508103
UPID
US53-1290424
Jurisdiction
MECKLENBURG
Zoning & alternative use
B3 · Pineville, NC
Zoning B3 · permitted uses
B3 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pineville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
28
Lot
4.98 ac
Current owner
From public records · entity-resolved
Marshall Properties Thirte
Entity
Free & Clear · 28 yrs held
Mailing address
PO BOX 473456, CHARLOTTE, NC 28247-3456
Ownership since
1998
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
Nov 26, 2019
—
Marshall Properties Thirteen LLC
—
Deed
related
$700,000 · First Bank
Jun 23, 1998
$2,950,000
Marshall Properties Thirte
Marshall Propert
Grant Deed
related
—
—
—
Marshall Props Thirteen LLC
—
Deed Of Trust
related
$300,000 · Branch Bk&tr
—
—
Marshall Props Thirteen LLC
—
Deed Of Trust
related
$1,950,000 · Scottish Bank
—
—
Marshall Prop Thirteen LLC
—
Deed Of Trust
related
$700,000 · First Bk
—
—
Marshall Prop Thirteen LLC
—
Deed Of Trust
related
$1,300,000 · First Bk
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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