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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Super regional malls
659 Van Buren Rd, Eden, NC 27288-5319
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1427311
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,659 SF
Lot
0.68 ac (29,583 SF)
Zoning code
HWY BUS EDEN
APN
7989-05-28-3278-00
UPID
US53-1427311
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
-
Papa John's Pizza Restaurant
-
Carniceria El Mercadito Take-out & Catering Butcher
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
El mercadito inc Restaurant
-
El Mercadito Taqueria Carniceria Pasteleria Y Envios de Remesas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Cook Out Eden INC · 5 yrs held
Cook Out Eden INC
since 2021
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$620,000
+414.2%
Office building
$590,000
+389.0%
Auto repair, garage
$560,000
+363.6%
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
$650,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$620,000
Change: +414% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +389% · Conversion: Moderate
AUTO REPAIR, GARAGE
$560,000
Change: +364% · Conversion: Difficult
RETAIL STORES
$505,000
Change: +320% · Conversion: Easy
RESTAURANT
$400,000
Change: +232% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (May 7 2021)
Last sale anchor
$600k
May 7 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
$109 / 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
$5,020
Tax year 2023
Assessed value
$384,967
Assessed 2023
Previous assessed
$384,967
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$221,872
Assessed improvement
$163,095
Land market value
$221,872
Improvement market value
$163,095
Total market value
$384,967
Applied tax rate
102.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,659 SF
Lot
0.68 ac (29,583 SF)
Zoning code
HWY BUS EDEN
APN
7989-05-28-3278-00
UPID
US53-1427311
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Zoning HWY BUS EDEN · permitted uses
HWY 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
MEDICAL BUILDING
Est. value
$620,000
OFFICE BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$505,000
RESTAURANT
Est. value
$400,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Cook Out Eden INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 698, THOMASVILLE, NC 27361-0698
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
Cook Out Eden INC
New Centre Development Company
Quit Claim Deed
related
—
May 7, 2021
$600,000
Cook Out Eden
New Centre Development Company
Special Warranty Deed
—
—
—
New Centre Dev Co
—
Deed Of Trust
related
$107,850 · Newbridge Bank
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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