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Property profile & analytics
OFF-MARKET Estimated value $2,135,000
Retail space

650 Key St Pilot Mountain, NC 27041-9606

13,000 SF 6.01 ac lot Built 2002
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-4331606
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction WOOD
Total area 13,000 SF
Lot 6.01 ac (261,796 SF)
Zoning code GB
APN 5965-06-49-5638
UPID US53-4331606
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
  • Dollar General Discount Store
  • Piedmont Furniture Furniture & Home Goods Home Decor Store
  • FedEx OnSite Postal Service Courier Service
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.95M
Blend (final) Blend
$2.14M
Owner & transaction history
Equity T Co · 6 yrs held
Equity T Co
since 2019
1 recorded transaction
2019
$1.1M
Zoning & alternative use
GB · Pilot Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(C) General Business District (GB) GB districts are generally located on major thoroughfares and collector streets in the Pilot Mountain planning area. They are intended to provide for offices, personal services and the retailing of durable and convenience goods for the community. Because these commercial uses are subject to public view and are important to…

Zone name General Business
General category COMMERCIAL
Zone area 278.26 ac
Source Article 5 Zoning Districts
Top alternative use upside
Restaurant $2.3M +90.8%
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