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Property profile & analytics
OFF-MARKET
Retail space
517 Carolina Ave Shelby, NC 28150
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-2852264
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
1,600 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R6
APN
17953
UPID
US53-2852264
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
-
Mint Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Christine Little John Keaton · 4 yrs held
Christine Little John Keaton
since 2022
2 recorded transactions
Zoning & alternative use
R6 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R6 residential district is primarily intended to accommodate a variety of high density single family detached dwellings, modular homes, apartments, townhomes and condominiums, maximum densities within the R6 district range from approximately seven dwelling units per gross acre for single family detached dwellings to over 19 dwellings per gross acre for m…
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
1,008.97 ac
Source
Realmo
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
—
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
$51
Tax year 2024
Assessed value
$4,207
Assessed 2023
Previous assessed
$4,207
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,418
Assessed improvement
$1,789
Land market value
$2,418
Improvement market value
$1,789
Total market value
$4,207
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,600 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R6
APN
17953
UPID
US53-2852264
Jurisdiction
CLEVELAND
Zoning & alternative use
R6 · Shelby, NCZoning R6 · permitted uses
R6 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R6 residential district is primarily intended to accommodate a variety of high density single family detached dwellings, modular homes, apartments, townhomes and condominiums, maximum densities within the R6 district range from approximately seven dwelling units per gross acre for single family detached dwellings to over 19 dwellings per gross acre for multi family dwellings, public water and sewer service is generally available in areas zoned as R6, non residential uses permitted within this district include customary accessory, recreational, educational and institutional land uses that are compatible with the high density residential character of the R6 district
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
1,008.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Christine Little John Keaton
Individual
Free & Clear · 4 yrs held
Mailing address
909 EARL RD, SHELBY, NC 28152-6809
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
—
Christine Little John Keaton
Christine Little John Keaton
Intrafamily Transfer
related
—
—
—
Christine L Keaton
—
Deed Of Trust
related
$15,000 · Miscellaneous Govt Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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