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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
114 Norick Dr, Kings Mountain, NC 28086-7724
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2919437
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
2,700 SF
Lot
11.39 ac (496,148 SF)
Zoning code
HI
APN
11517
UPID
US53-2919437
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
-
The Forest Products Group, INC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$560k
Owner & transaction history
Brf Nkm LLC · 6 yrs held
Brf Nkm LLC
since 2020
7 recorded transactions
Zoning & alternative use
HI · Kings Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+112.9%
Medical building
$370,000
+15.2%
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 Kings Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Mountain 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%
$660,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Change: +113% · Conversion: Easy
MEDICAL BUILDING
$370,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$207 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,121
Tax year 2024
Assessed value
$1,650,487
Assessed 2023
Previous assessed
$1,650,487
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$505,900
Assessed improvement
$1,144,587
Land market value
$505,900
Improvement market value
$1,144,587
Total market value
$1,650,487
Applied tax rate
63.0000
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
1969
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
2,700 SF
Lot
11.39 ac (496,148 SF)
Zoning code
HI
APN
11517
UPID
US53-2919437
Jurisdiction
CLEVELAND
Zoning & alternative use
HI · Kings Mountain, NC
Zoning HI · permitted uses
HI · Kings Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$685,000
MEDICAL BUILDING
Est. value
$370,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1969
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
11.39 ac
Current owner
From public records · entity-resolved
Brf Nkm LLC
Entity
Mailing address
404 E MAIN ST, JAMESTOWN, NC 27282-9536
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Brf-nkm LLC
—
Deed
related
$1,650,000 · Truliant FCU
Jun 17, 2020
—
Brf Nkm LLC
Wrennovation LLC
Special Warranty Deed
$1,872,000 · Piedmont Triad Commercial Banking
Jun 17, 2020
$2,203,000
Wrennovation Homes LLC
Kachar Investments LLC
Grant Deed
—
May 23, 2019
—
Kachar Investments LLC
—
Deed
related
$13,800,000 · The Huntington National Bank
Nov 21, 2017
$1,315,000
Kachar Investments LLC
A & A Contracting INC
Grant Deed
—
Jan 9, 2017
$900,000
A & A Contracting INC
Jbe Properties LLC
Warranty Deed
—
Mar 28, 2006
—
Jbe Properties LLC
Ellis,john B & Nancy D
Warranty Deed
related
—
Nov 15, 2005
—
Charlie M Bumgardner
B & E Rentals
Quit Claim Deed
related
—
Nov 15, 2005
$300,000
John B Ellis
Bumgardner,charlie M
Grant Deed
related
$919,000 · First National Bank Shelby
—
—
Buford Ellis
—
Deed Of Trust
related
$150,000 · C A Short Co
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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