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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Retail space
7442 Nc 58th S Elm City, NC 27822-8020
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2875427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Total area
1,800 SF
Lot
37.16 ac (1,618,690 SF)
Zoning code
RA40 M
APN
371700-14-2654
UPID
US53-2875427
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
$1.12M
Blend (final)
Blend
$885k
Owner & transaction history
Michael Terry Langley · 2 yrs held
Michael Terry Langley
since 2023
3 recorded transactions
Zoning & alternative use
RA40 M · Elm City, 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 Elm City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elm City 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
$885k
Range $905k – $1,000k
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
$492 / 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
$2,586
Tax year 2024
Assessed value
$361,660
Assessed 2024
Previous assessed
$557,660
-35.1% YoY
Effective rate
0.72%
On assessed value
Total market value
$361,660
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1942
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
6
Bathrooms
2
Total area
1,800 SF
Lot
37.16 ac (1,618,690 SF)
Zoning code
RA40 M
APN
371700-14-2654
UPID
US53-2875427
Jurisdiction
NASH
Zoning & alternative use
RA40 M · Elm City, NC
Zoning RA40 M · permitted uses
RA40 M · Elm City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elm City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
2
Lot
37.16 ac
Current owner
From public records · entity-resolved
Michael Terry Langley
Individual
Free & Clear · 2 yrs held
Mailing address
3192 LEWIS RD, ELM CITY, NC 27822-8084
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Feb 27, 2025
—
Dennis Ray Langley
—
Deed
related
$300,000 · Agcarolina Farm Credit Aca
Dec 22, 2023
—
Michael Terry Langley
Dennis R Langley
Intrafamily Transfer
related
—
Aug 4, 2015
—
D & M Investments Of Elm City LLC
Secretary Of Housing & Urban Develo
Special 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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