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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
103 24th St Butner, NC 27509-2551
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3218930
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
18.21 ac (793,228 SF)
Zoning code
MH
APN
87606486655
UPID
US53-3218930
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
-
Betzy Cleaning services (Bike/Boat/Book/etc) Store
-
Smarts drywell Construction Company
-
Smarts drywell service Construction Company
-
Manufactured Housing Entrpzs Campground & RV Park
-
Piedmont Park and Gardens Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Piedmont Park & Gardens Mhp Butner · 4 yrs held
Piedmont Park & Gardens Mhp Butner
since 2022
3 recorded transactions
Zoning & alternative use
MH · Butner, NC
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 Butner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butner 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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$11,389
Tax year 2020
Assessed value
$2,178,729
Assessed 2024
Previous assessed
$828,405
+163.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$999,729
Assessed improvement
$1,179,000
Land market value
$999,729
Improvement market value
$1,179,000
Total market value
$2,178,729
Applied tax rate
15.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
18.21 ac (793,228 SF)
Zoning code
MH
APN
87606486655
UPID
US53-3218930
Jurisdiction
GRANVILLE
Zoning & alternative use
MH · Butner, NC
Zoning MH · permitted uses
MH · Butner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Butner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
18.21 ac
Current owner
From public records · entity-resolved
Piedmont Park & Gardens Mhp Butner
Individual
Mailing address
75 W TOWNE RDG PKWY, SANDY, UT 84070-5523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 19, 2022
—
Piedmont Park & Gardens Mhp Butner
T3t Piedmont Park & Gardens LLC
Intrafamily Transfer
related
$34,464,000 · Orec Structured Finance Co LLC
Dec 20, 2019
—
T3t Piedmont Park & Gardens LLC
Nc Land Lease LLC
Deed
—
Dec 20, 2019
$2,560,000
T3t Piedmont Park & Gardens LLC
Nc Land Lease LLC
Special Warranty Deed
$27,000,000 · Wells Fargo Bank NA
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.
Try Rey
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