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Property profile & analytics
FOR SALE
Office buildings
6949 Old Shelby Rd, Vale, NC 28168
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1814750
For Sale
1 / 48
$595,000
6949 Old Shelby Rd, Vale, NC 28168
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
WOOD
Total area
18,196 SF
Lot
2.34 ac (101,930 SF)
Zoning code
LI
APN
2667-01-38-4217
UPID
US53-1814750
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
-
U.S. Lawns - Hickory Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$525k
Owner & transaction history
Ronald D Duncan · 8 yrs held
Ronald D Duncan
since 2017
5 recorded transactions
Zoning & alternative use
LI · Vale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Vale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vale 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
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$29 / 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
$2,133
Tax year 2023
Assessed value
$145,600
Assessed 2023
Previous assessed
$471,300
-69.1% YoY
Effective rate
1.46%
On assessed value
Assessed land
$21,900
Assessed improvement
$123,700
Land market value
$21,900
Improvement market value
$123,700
Total market value
$145,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1961
Construction
WOOD
Heating
HOT WATER
Cooling
NONE
Units
1
Total area
18,196 SF
Lot
2.34 ac (101,930 SF)
Zoning code
LI
APN
2667-01-38-4217
UPID
US53-1814750
Jurisdiction
CATAWBA
Zoning & alternative use
LI · Vale, NC
Zoning LI · permitted uses
LI · Vale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Ronald D Duncan
Individual
Mailing address
PO BOX 1119, CONOVER, NC 28613-1119
Ownership since
2017
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
Dec 20, 2017
$78,000
Ronald D Duncan
Radke Properties LLC
Warranty Deed
$69,863 · First Fsb/lincolnton
Apr 6, 2016
$130,000
Radke Properties LLC
Willis,wayne A
Grant Deed
—
Feb 23, 2016
$3,500
Joseph G Hacko
Willis,wayne A
Warranty Deed
—
Dec 31, 2014
$180,000
Wayne A Willis
Rudisill,pauline R
Grant Deed
—
Jul 27, 2007
—
Pauline R Rudisill
Cooksville,hosiery Mill I
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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