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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Manufacturing properties
1 Wiremil Rd Sanderson, FL 32087-9500
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4249788
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
5,200 SF
Lot
18.68 ac (813,701 SF)
APN
12-3S-20-0000-0000-0032
UPID
US18-4249788
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
-
Insteel Wire Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Insteel Wire Products Co · 22 yrs held
Insteel Wire Products Co
since 2004
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sanderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanderson 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
$460,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$570,000
Change: 0% · Conversion: Moderate
RESTAURANT
$495,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$99 / 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
$41,624
Tax year 2023
Assessed value
$1,659,671
Assessed 2023
Previous assessed
$1,616,687
+2.7% YoY
Effective rate
2.51%
On assessed value
Assessed land
$229,764
Assessed improvement
$1,429,907
Land market value
$229,764
Improvement market value
$1,429,907
Total market value
$1,659,671
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Heating
CONVECTION
Cooling
NONE
Buildings
6
Stories
1
Total area
5,200 SF
Lot
18.68 ac (813,701 SF)
APN
12-3S-20-0000-0000-0032
UPID
US18-4249788
Jurisdiction
BAKER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$570,000
RESTAURANT
Est. value
$495,000
WAREHOUSE, STORAGE
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
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
1980
Heating
CONVECTION
Cooling
Yes
Stories
1
Buildings
6
Lot
18.68 ac
Current owner
From public records · entity-resolved
Insteel Wire Products Co
Entity
Mailing address
1373 BOGGS DR, MOUNT AIRY, NC 27030-2145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2004
—
Insteel Wire Products Co
—
Deed Of Trust
related
$82,000,000 · General Electric Capital Corp
—
—
Insteel Wire Products Co
—
Deed Of Trust
related
$15,000,000 · General Electric Capital Corp
—
—
Insteel Wire Products Co
—
Deed Of Trust
related
$15,000 · Ge Capital Corp
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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