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Property profile & analytics
OFF-MARKET
Estimated value
$10,785,000
Auto shops
Highway, 74, NC
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-3641630
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2014
Total area
19,544 SF
Lot
11 ac (479,116 SF)
Zoning code
RBD INDIAN TRAIL
APN
07-069-025B
UPID
US53-3641630
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.79M
Owner & transaction history
Iag Of Monroe LLC
Iag Of Monroe LLC
since 2026
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
RBD INDIAN TRAIL · 74, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.9M
+285.1%
Restaurant
$7.1M
+130.7%
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 74 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 74 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,920,000
Change: +285% · Conversion: Difficult
RESTAURANT
$7,140,000
Change: +131% · Conversion: Difficult
Blend value · Realmo final
$10.79M
Range $9.71M – $11.86M · ±10% · vs last sale $10.79M (Feb 20 2026)
Last sale anchor
$10.79M
Feb 20 2026
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
$552 / 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
$49,830
Tax year 2023
Assessed value
$5,790,700
Assessed 2023
Previous assessed
$5,790,700
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,841,900
Assessed improvement
$3,948,800
Land market value
$1,841,900
Improvement market value
$3,948,800
Total market value
$5,790,700
Applied tax rate
619.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2014
Heating
YES
Buildings
2
Stories
1
Rooms
6
Total area
19,544 SF
Lot
11 ac (479,116 SF)
Zoning code
RBD INDIAN TRAIL
APN
07-069-025B
UPID
US53-3641630
Jurisdiction
UNION
Zoning & alternative use
RBD INDIAN TRAIL · 74, NC
Zoning RBD INDIAN TRAIL · permitted uses
RBD INDIAN TRAIL · 74, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
74. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
RESTAURANT
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2014
Heating
YES
Stories
1
Buildings
2
Rooms
6
Lot
11 ac
Current owner
From public records · entity-resolved
Iag Of Monroe LLC
Entity
Mailing address
505 S FLAGLER DR STE #700, WEST PALM BEACH, FL 33401-5946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$10,785,000
Iag Of Monroe LLC
Tt Of East Charlotte LLC
Special Warranty Deed
$8,268,000 · Nissan Motor Acceptance Company LLC
Nov 14, 2013
—
Tt Of East Charlotte LLC
—
Trustees Deed
related
$5,000,000 · Nissan Motor Acceptance Corp
Mar 4, 2013
—
Tt Of East Charlotte LLC
Park Sterling Bk
Warranty Deed
—
Mar 4, 2013
$1,100,000
Tt Of East Charlotte LLC
Park Sterling Bk
Grant Deed
—
Jun 23, 2011
$1,429,630
Citizens S Bk
Spruillco Ltd
Trustees Deed
related
—
—
—
Tt Of East Charlotte LLC
—
Deed Of Trust
related
$6,500,000 · * Other Institutional Lenders
—
—
Hossain Baghalzadeh
—
Deed Of Trust
related
$1,495,156 · Trinity Bank
—
—
Hossain Baghalzadeh
—
Deed Of Trust
related
$150,000 · Stone Props 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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