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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
701 Church St, Cherryville, NC 28021-2705
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-2130971
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Total area
2,443 SF
Lot
0.43 ac (18,731 SF)
Zoning code
MRKT1
APN
130234
UPID
US53-2130971
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gita S Patel · 7 yrs held
Gita S Patel
since 2019
3 recorded transactions
Zoning & alternative use
MRKT1 · Cherryville, 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 Cherryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherryville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,021
Tax year 2024
Assessed value
$187,280
Assessed 2024
Previous assessed
$187,280
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$41,210
Assessed improvement
$146,070
Applied tax rate
140.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1969
Heating
HEAT PUMP
Stories
1
Rooms
1
Total area
2,443 SF
Lot
0.43 ac (18,731 SF)
Zoning code
MRKT1
APN
130234
UPID
US53-2130971
Jurisdiction
GASTON
Zoning & alternative use
MRKT1 · Cherryville, NC
Zoning MRKT1 · permitted uses
MRKT1 · Cherryville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cherryville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
HEAT PUMP
Stories
1
Rooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Gita S Patel
Individual
Mailing address
701 W CHURCH ST, CHERRYVILLE, NC 28021-2705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Apr 30, 2019
$175,000
Gita S Patel
Gs2019 Re LLC
Warranty Deed
$131,250 · Gs2019 Re LLC
Jan 7, 2019
$175,000
Gs2019 Re LLC
Cleveland Capital Holdings INC
Warranty Deed
$157,500 · Cleveland Capital Holdings INC
Mar 23, 2018
—
Cleveland Capital Holdings INC
Petroleum World INC
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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