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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Auto shops
7654 Nc 73rd Hwy Denver, NC 28037
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0988577
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1991
Construction
FRAME
Total area
6,000 SF
Lot
0.56 ac (24,611 SF)
Zoning code
ELDD B-N CZ
APN
53015
UPID
US53-0988577
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$595k
Owner & transaction history
Tim Norman Properties LLC · 5 yrs held
Tim Norman Properties LLC
since 2020
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
ELDD B-N CZ · Denver, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$620,000
+19.0%
Warehouse, storage
$550,000
+5.4%
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
$580,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$520,000
Current use
RESTAURANT
$620,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$445,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (Aug 26 2020)
Last sale anchor
$600k
Aug 26 2020
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
$99 / 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
$3,903
Tax year 2023
Assessed value
$628,981
Assessed 2023
Previous assessed
$628,981
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$307,637
Assessed improvement
$321,344
Land market value
$307,637
Improvement market value
$321,344
Total market value
$628,981
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
0.56 ac (24,611 SF)
Zoning code
ELDD B-N CZ
APN
53015
UPID
US53-0988577
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-N CZ · Denver, NC
Zoning ELDD B-N CZ · permitted uses
ELDD B-N CZ · 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
AUTO REPAIR, GARAGE Current
Est. value
$520,000
RESTAURANT
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$550,000
OFFICE BUILDING
Est. value
$445,000
AUTO REPAIR, GARAGE Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Tim Norman Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8059 ST ANDREWS LN, STANLEY, NC 28164-9714
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
Tim Norman Properties LLC
Timothy L Norman
Quit Claim Deed
related
—
Jan 17, 2017
$600,000
Timothy L Norman
East Lincoln Fire Dept INC
Grant Deed
$484,500 · Peoples Bk
—
—
East Lincoln Fire Dept INC
—
Deed Of Trust
related
$4,364,054 · Peoples Bk
—
—
East Lincoln Fire Dept LLC
—
Loan Modification
related
$3,101,548 · Peoples 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.
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