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Property profile & analytics
OFF-MARKET
Turn key restaurants
821 Hendrick Rd Shelby, NC 28150-2928
Individually Owned
Free & Clear
Property ID
US53-2719726
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1880
Total area
3,048 SF
Lot
119.26 ac (5,195,140 SF)
Zoning code
GI
APN
23570
UPID
US53-2719726
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
OTIS MULL MEACHAM
OTIS MULL MEACHAM
Zoning & alternative use
GI · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GI general industrial district is primarily intended to accommodate a wide range of assembling, fabricating, manufacturing uses and support retail and service uses, the GI district is established for the purpose of providing appropriate locations and development regulations for uses that may require special measures to ensure compatibility with adjoining…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,168.29 ac
Source
Realmo
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
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
$2,355
Tax year 2024
Assessed value
$758,443
Assessed 2023
Previous assessed
$758,443
+0.0% YoY
Effective rate
0.31%
On assessed value
Assessed land
$661,125
Assessed improvement
$97,318
Land market value
$661,125
Improvement market value
$97,318
Total market value
$758,443
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1880
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
3,048 SF
Lot
119.26 ac (5,195,140 SF)
Zoning code
GI
APN
23570
UPID
US53-2719726
Jurisdiction
CLEVELAND
Zoning & alternative use
GI · Shelby, NCZoning GI · permitted uses
GI · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GI general industrial district is primarily intended to accommodate a wide range of assembling, fabricating, manufacturing uses and support retail and service uses, the GI district is established for the purpose of providing appropriate locations and development regulations for uses that may require special measures to ensure compatibility with adjoining residential or business properties
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,168.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1880
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Lot
119.26 ac
Current owner
From public records · entity-resolved
OTIS MULL MEACHAM
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1733, SHELBY, NC 28151-1733
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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