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Property profile & analytics
FOR LEASE
Super regional malls
824 South Van Buren Rd, Eden, NC 27288
Entity Owned
Free & Clear
Property ID
US53-2380245
For Lease
1 / 3
$5,235,000
824 South Van Buren Rd, Eden, NC 27288
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Total area
59,165 SF
Lot
6.56 ac (285,754 SF)
Zoning code
HWY BUS EDEN
APN
7989-10-36-2528-00
UPID
US53-2380245
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
-
Subway Take-out & Catering Catering Service
-
Primo Water Exchange Big Box & Wholesale Store
-
Western Union Bank Credit Union
-
Food Lion Grocery & Convenience Store Food Market
-
NextCare Urgent Care Eden Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.24M
Owner & transaction history
Carolina Fl Portfolio LLC
Carolina Fl Portfolio LLC
since 2025
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+414.2%
Office building
$6.2M
+389.0%
Auto repair, garage
$5.8M
+363.6%
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 Eden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden 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
MEDICAL BUILDING
$6,470,000
Change: +414% · Conversion: Difficult
OFFICE BUILDING
$6,150,000
Change: +389% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,830,000
Change: +364% · Conversion: Difficult
RETAIL STORES
$5,285,000
Change: +320% · Conversion: Easy
RESTAURANT
$4,170,000
Change: +232% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±10% · vs last sale $5.61M (May 6 2025)
Last sale anchor
$5.61M
May 6 2025
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
$88 / 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
$51,755
Tax year 2023
Assessed value
$3,968,953
Assessed 2023
Previous assessed
$3,968,953
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$833,200
Assessed improvement
$3,135,753
Land market value
$833,200
Improvement market value
$3,135,753
Total market value
$3,968,953
Applied tax rate
102.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1990
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
59,165 SF
Lot
6.56 ac (285,754 SF)
Zoning code
HWY BUS EDEN
APN
7989-10-36-2528-00
UPID
US53-2380245
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Zoning HWY BUS EDEN · permitted uses
HWY BUS EDEN · Eden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$5.3M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.56 ac
Current owner
From public records · entity-resolved
Carolina Fl Portfolio LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 565048, DALLAS, TX 75356-5048
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
$5,606,500
Carolina Fl Portfolio LLC
Csra Grocery Portfolio II Dst
Special Warranty Deed
—
Aug 28, 2015
$4,764,000
Csra Grocery Portfolio II Dst
Bim Eden Center LLC
Special Warranty Deed
$6,500,000 · Cantor Commercial Real Estate Lendi
Feb 4, 2011
$2,200,000
Bim Eden Center LLC
824 South Van Buren Road Holdi
Grant Deed
—
Apr 26, 2010
$2,500,000
South Van Buren Road Holdi 824
Lucas Kenneth S JR
Trustees Deed
—
—
—
Bim Eden Center LLC
—
Deed Of Trust
related
$1,600,000 · Db Private Wealth Mortgage
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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