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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Industrial properties
831 Post Rd, Shelby, NC 28152
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2806278
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Total area
8,940 SF
Lot
1.7 ac (73,965 SF)
Zoning code
AA1
APN
23938
UPID
US53-2806278
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
$1.20M
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Flyer Holdings LLC · 2 yrs held
Flyer Holdings LLC
since 2024
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
AA1 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+153.9%
Medical building
$1.2M
+76.3%
Office building
$1.2M
+70.4%
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 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
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
RESTAURANT
$1,770,000
Change: +154% · Conversion: Difficult
MEDICAL BUILDING
$1,230,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: +58% · Conversion: Easy
RETAIL STORES
$765,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jan 12 2024)
Last sale anchor
$1.20M
Jan 12 2024
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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,516
Tax year 2024
Assessed value
$316,470
Assessed 2023
Previous assessed
$316,470
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$56,739
Assessed improvement
$259,731
Land market value
$56,739
Improvement market value
$259,731
Total market value
$316,470
Applied tax rate
51.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1977
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
8,940 SF
Lot
1.7 ac (73,965 SF)
Zoning code
AA1
APN
23938
UPID
US53-2806278
Jurisdiction
CLEVELAND
Zoning & alternative use
AA1 · Shelby, NC
Zoning AA1 · permitted uses
AA1 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$765,000
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1977
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Flyer Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14747 BALLANTYNE COUNTRY CLB DR, CHARLOTTE, NC 28277-2716
Ownership since
2024
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
Jan 12, 2024
$1,200,000
Flyer Holdings LLC
Dawson Holdings LLC
Special Warranty Deed
—
May 10, 2011
$500,000
Dawson Holdings LLC
Mary Jane Puckett
Warranty Deed
$500,000 · Branch Banking And Trust Co
Apr 28, 2011
$500,000
Dawson Holdings LLC
Puckett,mary Jane
Grant Deed
related
—
—
—
Dawson Holdings LLC
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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