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    Property profile & analytics

    928 Ramseur Rd Bessemer City, NC 28016-9673

    • Auto shops
    • 2,800 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1047865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Splawn's Automotive / Auto Repair Shop

    Property Details for 928 Ramseur Rd

    Year built
    1989
    Lot size
    0.65 lot acres
    Property size
    2,800 SF
    Zone code
    GARG1
    Property type
    Auto shops
    APN
    151618
    APU
    151618

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer City
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.3057
    Latitude
    35.2944
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $687
    $28,310
    $67,960
    $96,270
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      5,760 SF

      3715 Dallas Cherryville Hwy

      AUTO REPAIR, GARAGE • 5,760 SF
      3715 Dallas Cherryville Hwy, Bessemer City, NC 28016-7802
      View Details
    • Value Estimation
      $325,000
      10,000 SF

      721 Maine Ave

      AUTO REPAIR, GARAGE • 10,000 SF
      721 Maine Ave, Bessemer City, NC 28016-2186
      View Details
    • Value Estimation
      $155,000
      1,650 SF

      4378 Dallas Cherryville Hwy

      AUTO REPAIR, GARAGE • 1,650 SF
      4378 Dallas Cherryville Hwy, Bessemer City, NC 28016-7729
      View Details
    • Value Estimation by Request
      2,000 SF

      101 Robinsons Park Dr

      AUTO REPAIR, GARAGE • 2,000 SF
      101 Robinsons Park Dr, Bessemer City, NC 28016
      View Details
    • Value Estimation by Request
      2,400 SF

      4441 Kings Mtn Hwy

      AUTO REPAIR, GARAGE • 2,400 SF
      4441 Kings Mtn Hwy, Bessemer City, NC 28016
      View Details
    • Value Estimation by Request
      864 SF

      509 Virginia Ave

      AUTO REPAIR, GARAGE • 864 SF
      509 Virginia Ave, Bessemer City, NC 28016-2348
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,964 SF

      Kings Mountain Highway Commercial Property

      Commercial property with warehouses, storage, and rental house.
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    • $349,000

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      108 W Virginia Ave, Bessemer City, NC 28016
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    • $234,900
      0.31 Acres

      Office, Retail, and Storage Space

      High-traffic location with office, retail, and storage potential.
      1437 Tryon Courthouse Rd, Bessemer City, NC 28016
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    • $850,000
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      Bessemer City Retail/Bank Opportunity

      Retail or bank property in Bessemer City, North Carolina.
      125 E Virginia Ave, Bessemer City, NC 28016
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    • $210,000

      Retail and Office Space Available

      Retail and office space in downtown Bessemer City.
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    • $900,900
      27.86 Acres

      27.86 Acres in Bessemer City

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      View Details
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    Bessemer City, NC 28016-9673
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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