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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Grocery and convenience stores
706 Dixon Blvd, Shelby, NC 28152-6832
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2727010
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2021
Total area
78,165 SF
Lot
7.41 ac (322,780 SF)
Zoning code
GB
APN
22829
UPID
US53-2727010
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
-
Ingles Markets Specialty Food Shop Supermarket
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
Sears Appliance Repair Home Appliance Store
-
Coinstar Bank Credit Union
-
Ingles Gas Express Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.72M
Blend (final)
Blend
$7.65M
Owner & transaction history
Commerce Drive Holdings LLC · 3 yrs held
Commerce Drive Holdings LLC
since 2022
3 recorded transactions
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.7M
+60.5%
Office building
$10.4M
+55.2%
Auto repair, garage
$9.6M
+43.6%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
RETAIL STORES
$6,690,000
Current use
MEDICAL BUILDING
$10,740,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$10,385,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,610,000
Change: +44% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,095,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±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
$98 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$78,460
Tax year 2024
Assessed value
$5,511,196
Assessed 2024
Previous assessed
$5,511,196
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$964,900
Assessed improvement
$4,546,296
Land market value
$964,900
Improvement market value
$4,546,296
Total market value
$5,511,196
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2021
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
78,165 SF
Lot
7.41 ac (322,780 SF)
Zoning code
GB
APN
22829
UPID
US53-2727010
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NC
Zoning GB · permitted uses
GB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2021
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
7.41 ac
Current owner
From public records · entity-resolved
Commerce Drive Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 460189, HOUSTON, TX 77056-8189
Ownership since
2022
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
Aug 5, 2022
$725,000
Commerce Drive Holdings LLC
Ingles Markets Incorporated
Special Warranty Deed
—
Oct 10, 2018
$3,750,000
Ingles Markets INC
Shelby Locations INC
Grant Deed
—
Oct 10, 2018
—
Ingles Markets INC
Shelby Locations INC
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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