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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
Cleveland Ave, Kings Mountain, NC 28086
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-3122775
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
3,647 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GB
APN
8226
UPID
US53-3122775
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
$875k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$735k
Owner & transaction history
Elite Vision Investmets LLC · 6 yrs held
Elite Vision Investmets LLC
since 2020
Last sale
$735,000
3 recorded transactions
Zoning & alternative use
GB · Kings Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+84.9%
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 Kings Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Mountain 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
$720,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +85% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $735k (Mar 27 2020)
Last sale anchor
$735k
Mar 27 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
$202 / 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
$7,665
Tax year 2024
Assessed value
$656,510
Assessed 2023
Previous assessed
$656,510
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$149,226
Assessed improvement
$507,284
Land market value
$149,226
Improvement market value
$507,284
Total market value
$656,510
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Stories
1
Total area
3,647 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GB
APN
8226
UPID
US53-3122775
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Kings Mountain, NC
Zoning GB · permitted uses
GB · Kings Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$450,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Elite Vision Investmets LLC
Entity
Mailing address
6353 E INDEPENDENCE BLVD, CHARLOTTE, NC 28212-6952
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$735,000
Elite Vision Investmets LLC
Jpmcc 2007 Cib19 Cleveland Avenue L
Special Warranty Deed
$563,000 · First Horizon Bank
Apr 2, 2018
$600,000
Jpmcc 2007-cibc19 Cleveland Av
Pack Terry L|bldg 2007 Retail LLC
Trustees Deed
—
Mar 26, 2007
$710,500
Bldg 2007 Retail LLC
Kings Mountain-cleveland LLC
Grant Deed
related
$32,000,000 · Cibc INC
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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