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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Community centers
831 Main St 837, Murfreesboro, NC 27855-1513
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4225817
Property summary
AI-generated overview
Chowan Village, located at 831 W Main St, Murfreesboro, NC 27855, offers exceptional retail opportunities in a thriving community. This multi-tenant property boasts a total of 30,153 square feet, with 15,485 square feet currently available for lease. Spaces range from a minimum of 2,870 square feet to a maximum contiguous space of 8,415 square feet, providing flexibility for various business needs. The center enjoys high visibility on Main Street and benefits from strong co-tenancy, including a Dollar Tree/Family Dollar combo store, Roses, H&R Block, and Subway. Its strategic location offers close proximity to a Food Lion, the only one within a 15-mile radius, ensuring significant foot traffic and customer accessibility. Additional nearby businesses include Dollar General, Advance Auto Parts, Ace Hardware, McDonald's, and DaVita, further enhancing the area's commercial appeal. This prime retail location presents a unique opportunity to establish or expand your business in a vibrant and well-established commercial area of Murfreesboro, North Carolina. The property is comprised of seven total suites.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Total area
25,900 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C2
APN
5958-44-8874
UPID
US53-4225817
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
$665k
Owner & transaction history
Moreck Realty LLC · 5 yrs held
Moreck Realty LLC
since 2020
Last sale
$667,000
2 recorded transactions
Zoning & alternative use
C2 · Murfreesboro, 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 Murfreesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murfreesboro 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
$805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $667k (Jul 8 2020)
Last sale anchor
$667k
Jul 8 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
$26 / 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
$9,175
Tax year 2023
Assessed value
$611,659
Assessed 2023
Previous assessed
$611,659
+0.0% YoY
Effective rate
1.50%
On assessed value
Total market value
$611,659
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
25,900 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C2
APN
5958-44-8874
UPID
US53-4225817
Jurisdiction
HERTFORD
Zoning & alternative use
C2 · Murfreesboro, NC
Zoning C2 · permitted uses
C2 · Murfreesboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murfreesboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Moreck Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5635 STAR VW DR, EL PASO, TX 79912-6427
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2020
$667,000
Moreck Realty LLC
Gorjian North Carolina LLC
Special Warranty Deed
—
May 17, 2017
$2,200,000
Gorjian Chowan Carolina LLC
Peidmont Center Investments LLC
Special Warranty Deed
$288,000 · The Bank Of Hampton Roads
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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