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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Strip malls
512 Erwin Rd Dunn, NC 28334-4518
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-0653085
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
7,364 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C-3
APN
021516 0111
UPID
US53-0653085
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
-
On Pointe Dance Academy Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Jeme Partners LLC · 9 yrs held
Jeme Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-3 · Dunn, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Highway Commercial District (C-3) The C-3 district permits uses that depend on both a large flow of traffic and convenient access, such as along major, collector, and sub-collector streets as designated by the City’s thoroughfare plan. Neighborhood Business District (C-4) The C-4 district permits commercial uses that enhance the quality of life of surroundin…
Zone name
Highway Commercial District
General category
CIVIC_INSTITUTIONAL
Zone area
1,030.12 ac
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 Dunn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunn 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
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$77 / 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
$7,083
Tax year 2023
Assessed value
$554,399
Assessed 2023
Previous assessed
$554,399
+0.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$126,330
Improvement market value
$428,069
Total market value
$554,399
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
1989
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
7,364 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C-3
APN
021516 0111
UPID
US53-0653085
Jurisdiction
HARNETT
Zoning & alternative use
C-3 · Dunn, NCZoning C-3 · permitted uses
C-3 · Dunn, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Highway Commercial District (C-3) The C-3 district permits uses that depend on both a large flow of traffic and convenient access, such as along major, collector, and sub-collector streets as designated by the City’s thoroughfare plan. Neighborhood Business District (C-4) The C-4 district permits commercial uses that enhance the quality of life of surrounding residential neighborhoods. Though these commercial uses’ service areas may extend more broadly than the surrounding neighborhood, the traffic and noise generated will be limited. Office & Institutional District (O&I) The O & I district permits medium-intensity office and institutional land use and functions as a buffer between districts which may conflict with one another. Generally, these areas have water and sewer mains that either exist at the site or are to be made available during the development process. Vehicular access must consist of direct ingress and egress to a public road classified as
Zone name
Highway Commercial District
General category
CIVIC_INSTITUTIONAL
Zone area
1,030.12 ac
Building & site characteristics
From public records
Year built
1989
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Jeme Partners LLC
Entity
Free & Clear · 9 yrs held
Mailing address
304 E JONES ST, RALEIGH, NC 27601-1028
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
Mar 21, 2017
—
Jeme Partners LLC
Greensboro Terminal LLC
Grant Deed
—
Mar 21, 2017
$540,000
Jeme Partners LLC
Greensboro Terminal LLC
Warranty Deed
$400,000 · Four Oaks Bk&tr
Jul 1, 2010
$600,000
Greensboro Terminal LLC
Fathom Holdings LLC
Warranty Deed
$465,000 · Branch Banking And Trust Co
Jul 1, 2010
—
Fathom Holdings LLC
Tart,ruby A
Warranty Deed
related
—
Nov 13, 2009
—
Phillip C Tart
—
Trustees Deed
related
$100,000 · First Federal Savings Bank
Mar 25, 2009
—
Phillip C Tart
—
Trustees Deed
related
$60,000 · First Federal Savings Bank
—
—
Greensboro Terminal LLC
—
Deed Of Trust
related
$1,991,000 · Branch Banking & Trust Co
—
—
Phillip C Tart
—
Deed Of Trust
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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