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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Strip malls
Lowes Dr, NC
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2142922
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,740 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C-2
APN
86258
UPID
US53-2142922
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
$745k
Owner & transaction history
Yeung Interests LLC · 16 yrs held
Yeung Interests LLC
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · Lowes Dr, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+14.0%
Retail stores
$830,000
+10.9%
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 Lowes Dr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowes Dr 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
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +14% · Conversion: Easy
RETAIL STORES
$830,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$620,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
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
$130 / 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
$10,222
Tax year 2023
Assessed value
$908,634
Assessed 2023
Previous assessed
$908,634
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$393,342
Assessed improvement
$515,292
Land market value
$393,342
Improvement market value
$515,292
Total market value
$908,634
Applied tax rate
201.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,740 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C-2
APN
86258
UPID
US53-2142922
Jurisdiction
CHATHAM
Zoning & alternative use
C-2 · Lowes Dr, NC
Zoning C-2 · permitted uses
C-2 · Lowes Dr, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lowes Dr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Yeung Interests LLC
Entity
Mailing address
3609 BARN VW PL, DURHAM, NC 27705-1343
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2010
$385,000
Yeung Interests LLC
Ricky Spoon Builders INC
Warranty Deed
$269,500 · Fidelity Bank NA
—
—
Ricky Spoon Builders INC
—
Deed Of Trust
related
—
—
—
Yeung Interests LLC
—
Deed Of Trust
related
$500,000 · Fidelity Bank NA
—
—
Ricky Spoon Builders INC
—
Deed Of Trust
related
$875,000 · First South Bank
—
—
Yeung Interests LLC
—
Deed Of Trust
related
$490,000 · Branch Banking & Trust Co
—
—
Yeung Interest LLC
—
Deed Of Trust
related
$50,000 · Fidelity Bank NA
—
—
Ricky Spoon Builders INC
—
Deed Of Trust
related
—
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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