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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Banks
E Catawba St, NC
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1519033
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1958
Total area
5,932 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OFF01
APN
219211
UPID
US53-1519033
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
$725k
Owner & transaction history
Chronicle Holdings LLC · 6 yrs held
Chronicle Holdings LLC
since 2020
Last sale
$925,500
4 recorded transactions
Zoning & alternative use
OFF01 · Catawba St, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$945,000
+79.3%
Commercial (general)
$730,000
+38.3%
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 Catawba St submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Catawba St 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
$610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$525,000
Current use
MEDICAL BUILDING
$945,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +38% · Conversion: Difficult
RESTAURANT
$525,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $926k (Mar 23 2020)
Last sale anchor
$926k
Mar 23 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
$122 / 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
$8,329
Tax year 2024
Assessed value
$790,270
Assessed 2024
Previous assessed
$765,950
+3.2% YoY
Effective rate
1.05%
On assessed value
Assessed land
$352,840
Assessed improvement
$437,430
Applied tax rate
110.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
5,932 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OFF01
APN
219211
UPID
US53-1519033
Jurisdiction
GASTON
Zoning & alternative use
OFF01 · Catawba St, NC
Zoning OFF01 · permitted uses
OFF01 · Catawba St, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Catawba St. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RESTAURANT
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$485,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1958
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Chronicle Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
222 CENTRAL PARK AVE STE #2100, VIRGINIA BEACH, VA 23462-3039
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2020
$912,500
Chronicle Holdings LLC
Catawba Holdings LLC
Grant Deed
—
Jun 25, 2014
—
Catawba Holdings LLC
Blair,william C
Warranty Deed
—
Mar 29, 2012
—
William C Blair
—
Trustees Deed
related
$427,200 · Alliance Bank & Trust Co
Oct 15, 2010
$250,000
William C Blair
Rls Liquidating LLC
Warranty Deed
$304,000 · Alliance Bank & 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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