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Property profile & analytics
OFF-MARKET
Auto shops
527 Wade Rd Oakboro, NC 28129-9375
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1824154
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Total area
4,122 SF
Lot
1.01 ac (43,996 SF)
Zoning code
H-B
APN
559404945211
UPID
US53-1824154
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
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
Richard A Cascio · 12 yrs held
Richard A Cascio
since 2013
4 recorded transactions
Zoning & alternative use
H-B · Oakboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Highway Business (CB) district is the primary district intended to serve retail, business, and service uses in the Towns planning jurisdiction and is found along major arterial streets outside of the core of Town. Development in the HB district tends to be automobile oriented and comprised of a mix of individual buildings on individual sites and multi te…
Zone name
Highway Business District
General category
CIVIC_INSTITUTIONAL
Zone area
52.47 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 Oakboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakboro 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
$1,119
Tax year 2024
Assessed value
$104,576
Assessed 2024
Previous assessed
$104,576
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$29,542
Assessed improvement
$75,034
Land market value
$29,542
Improvement market value
$75,034
Total market value
$104,576
Applied tax rate
510.0000
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
1970
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
4,122 SF
Lot
1.01 ac (43,996 SF)
Zoning code
H-B
APN
559404945211
UPID
US53-1824154
Jurisdiction
STANLY
Zoning & alternative use
H-B · Oakboro, NCZoning H-B · permitted uses
H-B · Oakboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Highway Business (CB) district is the primary district intended to serve retail, business, and service uses in the Towns planning jurisdiction and is found along major arterial streets outside of the core of Town. Development in the HB district tends to be automobile oriented and comprised of a mix of individual buildings on individual sites and multi tenant or multi building developments located near major roadway intersections. In addition to commercial uses, the district also accommodates wholesale sales and a wide range of institutional uses.
Zone name
Highway Business District
General category
CIVIC_INSTITUTIONAL
Zone area
52.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Richard A Cascio
Individual
Mailing address
9539 MSN CHURCH RD, LOCUST, NC 28097-7227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Oct 10, 2013
—
Richard A Cascio
Cascio,bernard V
Quit Claim Deed
related
—
Dec 19, 2007
$200,000
Bernard V Cascio
Bobs Body Works LLC
Warranty Deed
—
Dec 11, 2006
—
Bobs Body Works LLC
—
Trustees Deed
related
$15,000 · Home Savings Bk Albemarle Ssb
—
—
Bobs Body Works LLC
—
Deed Of Trust
related
$110,000 · Home Savings Bk Albemarle Ssb
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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