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Property profile & analytics
OFF-MARKET
Office Spaces
105 Kluttz St, Locust, NC 28097-9677
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1809799
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Total area
1,616 SF
Lot
0.51 ac (22,216 SF)
Zoning code
NR
APN
557503009291
UPID
US53-1809799
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brevia Properties LLC · 4 yrs held
Brevia Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
NR · Locust, 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 Locust submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,448
Tax year 2024
Assessed value
$224,606
Assessed 2024
Previous assessed
$224,606
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$35,910
Assessed improvement
$188,696
Land market value
$35,910
Improvement market value
$188,696
Total market value
$224,606
Applied tax rate
550.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2008
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
1,616 SF
Lot
0.51 ac (22,216 SF)
Zoning code
NR
APN
557503009291
UPID
US53-1809799
Jurisdiction
STANLY
Zoning & alternative use
NR · Locust, NC
Zoning NR · permitted uses
NR · Locust, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Locust. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Brevia Properties LLC
Entity
Mailing address
6505 CRANBORNE CHASE CT, CHARLOTTE, NC 28210-4792
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Brevia Properties LLC
John Karagounis
Warranty Deed
$210,000 · Silver Hill Financial LLC
Dec 22, 2021
$300,000
John Karagounis
Joel E Whitley
Warranty Deed
—
May 18, 2006
—
Joel E Whitley
Freeman,jeremy L & Bambi L
Trustees Deed
$79,338
—
—
Jeremy L Freeman
—
Deed Of Trust
related
$24,100 · Beneficial Mortgage Co
—
—
Joel E Whitley
—
Loan Modification
related
—
—
—
Joel E Whitley
—
Deed Of Trust
related
$202,000 · Bank Of Stanley
—
—
Jeremy L Freeman
—
Deed Of Trust
related
$94,050 · Option One Mortgage Corp
—
—
Joel E Whitley
—
Deed Of Trust
related
$202,000 · Bank Of Stanley
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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