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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Auto shops
515 Wilkesboro NE Blvd Lenoir, NC 28645-4636
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-0957945
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
STEEL FRAME
Total area
8,928 SF
Lot
2 ac (87,120 SF)
APN
09 57 1 1
UPID
US53-0957945
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
-
Friendship Ford of Lenoir Service Auto Repair Shop
-
Friendship Ford of Lenoir Car Dealership Auto Repair Shop
-
Friendship Ford of Lenoir Parts Auto Parts Store
-
GlossWorX / Ceramic Car Coating / Truck Spray in Bedliners Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Pegasus Capital Partners LLC · 7 yrs held
Pegasus Capital Partners LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$925,000
+26.0%
Commercial (general)
$770,000
+4.9%
Restaurant
$740,000
+0.8%
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 Lenoir submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir 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
AUTO REPAIR, GARAGE
$735,000
Current use
OFFICE BUILDING
$925,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +5% · Conversion: Moderate
RESTAURANT
$740,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$620,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$68 / 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
Property tax & assessments
Assessed value
$1,446,200
Assessed 2024
Previous assessed
$1,446,200
+0.0% YoY
Assessed land
$563,900
Assessed improvement
$882,300
Land market value
$563,900
Improvement market value
$882,300
Total market value
$1,446,200
Applied tax rate
9.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
8,928 SF
Lot
2 ac (87,120 SF)
APN
09 57 1 1
UPID
US53-0957945
Jurisdiction
CALDWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$770,000
RESTAURANT
Est. value
$740,000
MEDICAL BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$620,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Pegasus Capital Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1967, BRISTOL, TN 37621-1967
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
$1,500,000
Pegasus Capital Partners LLC
King,dewyone A & Kerri L
Grant Deed
related
—
Oct 30, 2018
$800,000
Dewyone A King
Barlow,theresa R & David
Warranty Deed
$800,000 · Carolina Tr Bk
Jun 1, 2004
$1,300,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
David W Barlow
—
Deed Of Trust
related
$1,625,000 · Bank Of Granite
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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