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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Retail space
618 2nd Ave, Siler City, NC 27344-3154
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1681035
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
STEEL FRAME
Total area
9,301 SF
Lot
1.13 ac (49,223 SF)
Zoning code
H-C
APN
61129
UPID
US53-1681035
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
$1.56M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.61M
Owner & transaction history
610 North Second Ave LLC · 5 yrs held
610 North Second Ave LLC
since 2021
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
H-C · Siler City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+34.0%
Auto repair, garage
$1.1M
+17.6%
Commercial (general)
$1.0M
+12.4%
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 Siler City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Siler City 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
$1,675,000
ML approach
$1,555,000
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,065,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.58M (Mar 17 2021)
Last sale anchor
$1.58M
Mar 17 2021
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
$173 / 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
$11,321
Tax year 2023
Assessed value
$924,155
Assessed 2023
Previous assessed
$924,155
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$133,834
Assessed improvement
$790,321
Land market value
$133,834
Improvement market value
$790,321
Total market value
$924,155
Applied tax rate
202.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
9,301 SF
Lot
1.13 ac (49,223 SF)
Zoning code
H-C
APN
61129
UPID
US53-1681035
Jurisdiction
CHATHAM
Zoning & alternative use
H-C · Siler City, NC
Zoning H-C · permitted uses
H-C · Siler City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Siler City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
610 North Second Ave LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10312 CLB TROPHY LN, MINT HILL, NC 28227-6884
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$1,575,500
610 North Second Ave LLC
Glandon Forest Equity LLC
Warranty Deed
—
Sep 25, 2020
$200,000
Glandon Forest Equity LLC
Larry D Marsh
Grant Deed
$1,027,000 · Truist Bk
—
—
Larry D Marsh
—
Deed Of Trust
related
$95,800 · Wachovia Bank NA
—
—
Larry D Marsh
—
Deed Of Trust
related
$97,125 · Wachovia Bank NA
—
—
Larry D Marsh
—
Deed Of Trust
related
$97,125 · Wachovia Bank NA
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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