Financial
Distress signals
Property profile

116 Xing Way Flat Rock, NC 28731

OFF-MARKET
Other industrial properties
Property ID
US53-0899422
16,000 SF 1.8 ac lot Built 1999
Last sale May 2021 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 6,058-square-foot flex building featuring 4,952 square feet of warehouse space with 24-foot ceiling heights, supported for high-rack storage. It includes a 300-square-foot heated and cooled office with a bathroom. The warehouse is configured with one 12-foot drive-in door and two 12-foot dock-high doors. Off-street parking and a truck turnaround area support warehouse and distribution use. The facility was built in 1999 and is located approximately two blocks from the I-25…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$849k
Assessed land$157k
Assessed improvement$692k

Value estimate

· Sep 2026
$1.14M
$1.03M – $1.25M
AI approach$1.19M
CAP approach$1.51M
Submarket $/SF estimate$1.38M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$123/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$41 – $163

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
9962229~CC
JurisdictionHENDERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.0
Restaurant11.5
Wholesale Shop11.0

Location

116 Xing Way Flat Rock, NC 28731-6836
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
743 Crst, Flat Rock, NC 28731 $2,040,000 May 2023 12,000 SF
940 Upward, Flat Rock, NC 28731-8799 $1,880,000 May 2023 68,769 SF
25 Reeds, Flat Rock, NC 28731-0770 $1,300,000 Apr 2023 7,788 SF
129 Reeds, Flat Rock, NC 28731 $2,025,000 Oct 2022 5,880 SF
921 Upward, Flat Rock, NC 28731-8799 $910,000 Jul 2020 12,000 SF
110 Commercial, Flat Rock, NC 28731-7747 $1,050,000 Feb 2020 12,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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