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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Commercial land
Potter Rd Mineral Springs, NC 28108
Individually Owned
15-yr Hold
Free & Clear
Property ID
US53-3570647
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1940
Total area
5,313 SF
Lot
26.71 ac (1,163,662 SF)
Zoning code
R-20 MINERAL SPRINGS
APN
06-039-002
UPID
US53-3570647
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
$1.18M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.23M
Owner & transaction history
Town Of Mineral Springs · 15 yrs held
Town Of Mineral Springs
since 2010
4 recorded transactions
Zoning & alternative use
R-20 MINERAL SPRINGS · Mineral Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+132.6%
Retail stores
$1.5M
+76.3%
Office building
$870,000
+4.0%
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 Mineral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mineral Springs 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%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Current use
RESTAURANT
$1,940,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$1,470,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$870,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$231 / 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
$5,853
Tax year 2023
Assessed value
$893,100
Assessed 2023
Previous assessed
$893,100
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$893,100
Land market value
$893,100
Total market value
$893,100
Applied tax rate
995.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1940
Heating
NONE
Rooms
6
Total area
5,313 SF
Lot
26.71 ac (1,163,662 SF)
Zoning code
R-20 MINERAL SPRINGS
APN
06-039-002
UPID
US53-3570647
Jurisdiction
UNION
Zoning & alternative use
R-20 MINERAL SPRINGS · Mineral Springs, NC
Zoning R-20 MINERAL SPRINGS · permitted uses
R-20 MINERAL SPRINGS · Mineral Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mineral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$835,000
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1940
Heating
NONE
Rooms
6
Lot
26.71 ac
Current owner
From public records · entity-resolved
Town Of Mineral Springs
Individual
Free & Clear · 15 yrs held
Mailing address
PO BOX 10100, MATTHEWS, NC 28106-0100
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2010
$140,000
Town Of Mineral Springs
Itac 119 LLC
Warranty Deed
—
Jun 3, 2005
$8,000
Itac 119 LLC
Ezzell,franklin A
Warranty Deed
—
Jun 3, 2005
$430,000
Itac 119 LLC
Parker,f G & Roberta H
Warranty Deed
—
Jun 3, 2005
—
Itac 119 LLC
Robert B Howie Family
Grant Deed
$968,445 · Harris Teeter Properties LLC
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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