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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Turn key restaurants
7490 Waterside Xing Blvd Denver, NC 28037-3004
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-3526290
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Total area
6,588 SF
Lot
1.59 ac (69,173 SF)
Zoning code
ELDD PD-MU CU
APN
73990
UPID
US53-3526290
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
-
Quentin Powell, Counselor Child Psychologist Family Counselor
-
Colleen Marchese, LCSW Psychotherapist
-
Taquita Milner, Psychiatric Nurse Practitioner Physician
-
Ha Nguyen, PMHNP Physician
-
Charity Matlock, LCMHCA Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Waterside Crossing Ventures Ll · 8 yrs held
Waterside Crossing Ventures Ll
since 2018
7 recorded transactions
Zoning & alternative use
ELDD PD-MU CU · Denver, 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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
RESTAURANT
$680,000
Current use
WAREHOUSE, STORAGE
$600,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$570,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$92 / 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
$16,408
Tax year 2023
Assessed value
$2,668,446
Assessed 2023
Previous assessed
$2,668,446
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$649,443
Assessed improvement
$2,019,003
Land market value
$649,443
Improvement market value
$2,019,003
Total market value
$2,668,446
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2018
Heating
YES
Cooling
YES
Stories
1
Total area
6,588 SF
Lot
1.59 ac (69,173 SF)
Zoning code
ELDD PD-MU CU
APN
73990
UPID
US53-3526290
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD PD-MU CU · Denver, NC
Zoning ELDD PD-MU CU · permitted uses
ELDD PD-MU CU · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$680,000
WAREHOUSE, STORAGE
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$570,000
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2018
Heating
YES
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Waterside Crossing Ventures Ll
Entity
Mailing address
6021 CONNEMARA CT, DENVER, NC 28037-7840
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Waterside Crossing Ventures LLC
—
Deed
related
$3,215,000 · Peoples Bank
Dec 9, 2019
—
Waterside Crossing Ventures Ll
—
Deed
related
$1,513,600 · United Cmnty Bk
Nov 8, 2019
—
Waterside Crossing Ventures Ll
—
Deed
related
$1,887,674 · United Cmnty Bk
May 31, 2018
$675,000
Waterside Crossing Ventures Ll
Griffin Bros Acquisitions LLC
Grant Deed
$1,513,600 · United Cmnty Bk
—
—
Waterside Crossing Ventures Ll
—
Loan Modification
related
$1,887,674 · United Cmnty Bk
—
—
Waterside Crossing Ventures Ll
—
Deed Of Trust
related
$1,887,674 · United Cmnty Bk
—
—
Waterside Crossing Ventures Ll
—
Loan Modification
related
$1,513,600 · United Cmnty Bk
—
—
Waterside Crossing Ventures Ll
—
Loan Modification
related
$1,513,600 · United Cmnty Bk
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
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