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Property profile & analytics
OFF-MARKET
Commercial real estate
Fallston Rd Lawndale, NC 28090
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-2571271
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Lot
1.08 ac (47,045 SF)
Zoning code
GB
APN
37151
UPID
US53-2571271
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
-
BB&T Insurance Services Insurance Agency
-
White Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
-
Goldstar RV Resort Campground & RV Park
-
Destarté Gardens Wedding Service
-
Knob Creek Orchard Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert Lee Propst · 1 yrs held
Robert Lee Propst
since 2025
Last sale
$60,000
3 recorded transactions
Zoning & alternative use
GB · Lawndale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate a wide variety of retail, business, professional, and personal services; office; and limited wholesale and warehousing uses. These uses are generally located on arterial streets with the capacity for additional commercial traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
10.87 ac
Source
Realmo
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 Lawndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawndale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$123
Tax year 2024
Assessed value
$14,580
Assessed 2023
Previous assessed
$14,580
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$11,880
Assessed improvement
$2,700
Land market value
$11,880
Improvement market value
$2,700
Total market value
$14,580
Applied tax rate
72.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Heating
NONE
Lot
1.08 ac (47,045 SF)
Zoning code
GB
APN
37151
UPID
US53-2571271
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Lawndale, NCZoning GB · permitted uses
GB · Lawndale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate a wide variety of retail, business, professional, and personal services; office; and limited wholesale and warehousing uses. These uses are generally located on arterial streets with the capacity for additional commercial traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
10.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Lot
1.08 ac
Current owner
From public records · entity-resolved
Robert Lee Propst
Individual
Free & Clear · 1 yrs held
Mailing address
10035 HORSE ROCK RD, HICKORY, NC 28602
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
Robert Lee Propst
Ernest Wayne Gantt
Warranty Deed
—
Jun 26, 2023
$60,000
Marco Orozco
J And D Properties INC
Warranty Deed
—
Jul 18, 2008
—
J & S Properties INC
Tillman,darcus S
Warranty Deed
—
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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