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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
624 Washington St, Eden, NC 27288-6173
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1580344
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,880 SF
Lot
0.08 ac (3,532 SF)
Zoning code
CENTRAL BUS EDEN
APN
7979-07-58-6410-00
UPID
US53-1580344
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
$498k
Blend (final)
Blend
$585k
Owner & transaction history
Karish Investments LLC · 1 yrs held
Karish Investments LLC
since 2025
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
CENTRAL BUS EDEN · Eden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$505,000
+56.6%
Auto repair, garage
$430,000
+32.8%
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 Eden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden 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
OFFICE BUILDING
$505,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $525k (Mar 10 2025)
Last sale anchor
$525k
Mar 10 2025
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
$99 / 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
$3,344
Tax year 2023
Assessed value
$238,142
Assessed 2023
Previous assessed
$238,142
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$17,660
Assessed improvement
$220,482
Land market value
$17,660
Improvement market value
$220,482
Total market value
$238,142
Applied tax rate
110.0000
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,880 SF
Lot
0.08 ac (3,532 SF)
Zoning code
CENTRAL BUS EDEN
APN
7979-07-58-6410-00
UPID
US53-1580344
Jurisdiction
ROCKINGHAM
Zoning & alternative use
CENTRAL BUS EDEN · Eden, NC
Zoning CENTRAL BUS EDEN · permitted uses
CENTRAL BUS EDEN · Eden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$430,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Karish Investments LLC
Entity
Mailing address
637 WASHINGTON ST, EDEN, NC 27288-6101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
$525,000
Karish Investments LLC
Carpino Investments 2 LLC
Warranty Deed
$388,530 · Carpino Investments 2 LLC
Jun 15, 2022
—
Carpino Investments 2 LLC
—
Deed
related
$421,500 · Paragon Bank
Dec 31, 2019
—
Carpino Investments 2 LLC
—
Trustees Deed
related
$383,600 · Finance Of America Com'l LLC
Oct 31, 2019
—
Carpino Investments 2 LLC
Carpino Investments LLC
Quit Claim Deed
related
—
May 2, 2019
$20,000
Carpino Investments LLC
Boys & Girls Club Of Eden INC
Warranty Deed
—
Feb 28, 2019
—
Boys & Girls Club Of Eden INC
Pace,william F SR & Richard B
Warranty Deed
—
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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