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Property profile & analytics
OFF-MARKET
Auto shops
109 Northpark Ln Lincolnton, NC 28092-7121
Entity Owned
19-yr Hold
Free & Clear
Property ID
US53-1057239
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Construction
FRAME
Total area
7,000 SF
Lot
4.76 ac (207,520 SF)
Zoning code
GMC
APN
55108
UPID
US53-1057239
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
Drake Ents Of Lincolnton Nc LLC · 19 yrs held
Drake Ents Of Lincolnton Nc LLC
since 2007
7 recorded transactions
Zoning & alternative use
GMC · Lincolnton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
trict 153.113 C-B Central Business District 153.114 CBT Central Business Transitional District 153.115 G-B General Business District 153.115.1 HC Highway Commercial District 153.116 P-B Planned Business District 153.117 GMC General Manufacturing and Commercial District 153.117.1 GI General Industrial District 153.118 Reserved 153.119 MHO Manufactured Home Ov…
Zone name
General Manufacturing And Commercial
General category
INDUSTRIAL
Zone area
1,286.26 ac
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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,695
Tax year 2023
Assessed value
$606,912
Assessed 2023
Previous assessed
$606,912
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$290,666
Assessed improvement
$316,246
Land market value
$290,666
Improvement market value
$316,246
Total market value
$606,912
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
7,000 SF
Lot
4.76 ac (207,520 SF)
Zoning code
GMC
APN
55108
UPID
US53-1057239
Jurisdiction
LINCOLN
Zoning & alternative use
GMC · Lincolnton, NCZoning GMC · permitted uses
GMC · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
trict 153.113 C-B Central Business District 153.114 CBT Central Business Transitional District 153.115 G-B General Business District 153.115.1 HC Highway Commercial District 153.116 P-B Planned Business District 153.117 GMC General Manufacturing and Commercial District 153.117.1 GI General Industrial District 153.118 Reserved 153.119 MHO Manufactured Home Overlay District 153.120 SH Special Highway Overlay District 153.121 WSW Water Supply
Zone name
General Manufacturing And Commercial
General category
INDUSTRIAL
Zone area
1,286.26 ac
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.76 ac
Current owner
From public records · entity-resolved
Drake Ents Of Lincolnton Nc LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 598, LINCOLNTON, NC 28093-0598
Ownership since
2007
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
May 16, 2007
—
Drake Ents Of Lincolnton Nc LLC
Young,ernest D & Janie S
Grant Deed
related
—
Jul 12, 2006
$70,000
Drake Ents Of Lincolnton LLC
Young,ernest D & Janie S
Warranty Deed
—
Jul 29, 2005
$115,000
Ernest D Young
C & M Land
Warranty Deed
$92,000 · First Citizens Bank & Trust Co
—
—
Drake Ents Of Lincolnton LLC
—
Deed Of Trust
related
$272,000 · Branch Banking & Trust Co
—
—
Drake Ents Of Lincolnton Nc LLC
—
Deed Of Trust
related
$300,000 · Carolina Trust Bank
—
—
Drake Ents Of Lincolnton Nc LLC
—
Deed Of Trust
related
$300,000 · Carolina Trust Bank
—
—
Drake Ents Of Lincolnton Nc
—
Deed Of Trust
related
$30,000 · Carolina Trust Bank
—
—
Drake Ents Of Lincolnton Nc LLC
—
Deed Of Trust
related
$51,379 · Carolina Trust Bank
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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