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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Office buildings
1033 Smyre Farm Rd Newton, NC 28658-9357
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-0269920
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
21,942 SF
Lot
11.76 ac (512,266 SF)
Zoning code
R-20A
APN
3649-17-01-1562
UPID
US53-0269920
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
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.62M
Owner & transaction history
NORTH CAROLINA STATE
NORTH CAROLINA STATE
Zoning & alternative use
R-20A · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-20A districts are established to accommodate low to moderate intensity residential uses, including single-family, two-family, multifamily, and mobile home dwelling types under conventional or planned development controls. Provision is made for reduction of the minimum lot size where services of public or community sewerage and water systems are availab…
Zone name
Single Family And Manufactured Home Residential
General category
PLANNED_DEVELOPMENT
Zone area
1,890.39 ac
Source
Realmo
Top alternative use upside
Medical building
$4.2M
+108.4%
Apartment house (5+ units)
$2.6M
+28.5%
Auto repair, garage
$2.2M
+11.8%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,000,000
Current use
MEDICAL BUILDING
$4,165,000
Change: +108% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,570,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,235,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$119 / 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
Assessed value
$2,265,900
Assessed 2023
Previous assessed
$2,265,900
+0.0% YoY
Assessed land
$307,400
Assessed improvement
$1,958,500
Land market value
$307,400
Improvement market value
$1,958,500
Total market value
$2,265,900
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Units
1
Total area
21,942 SF
Lot
11.76 ac (512,266 SF)
Zoning code
R-20A
APN
3649-17-01-1562
UPID
US53-0269920
Jurisdiction
CATAWBA
Zoning & alternative use
R-20A · Newton, NCZoning R-20A · permitted uses
R-20A · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-20A districts are established to accommodate low to moderate intensity residential uses, including single-family, two-family, multifamily, and mobile home dwelling types under conventional or planned development controls. Provision is made for reduction of the minimum lot size where services of public or community sewerage and water systems are available.
Zone name
Single Family And Manufactured Home Residential
General category
PLANNED_DEVELOPMENT
Zone area
1,890.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1974
Heating
HOT WATER
Cooling
Yes
Buildings
3
Units
1
Lot
11.76 ac
Current owner
From public records · entity-resolved
NORTH CAROLINA STATE
Individual
Free & Clear · 0 yrs held
Mailing address
116 W JONES ST, RALEIGH, NC 27603-1335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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