Entity Owned Property summary
AI-generated overview
A flex/industrial property located in Flat Rock, North Carolina (Henderson County), positioned approximately two blocks from the I-25 connector with access to I-26 and Greenville nearby. The building includes 4,952 square feet of built-out warehouse space with approximately 24-foot ceiling heights, configured for high-rack storage. There is also an approximately 300-square-foot heated and cooled office area with an on-site bathroom. Common area features include one 12-foot drive-in door and two dock-high 12-foot doors. The site provides parking and truck turnaround space, and the property is equipped with utilities and services that support warehouse and office operations.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
16,000 SF
Lot
1.8 ac (78,408 SF)
Zoning code
9962229~CC
APN
9586273471
UPID
US53-0899422
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Renovation Specialist
-
Big Box & Wholesale Store Construction Company
-
Big Box & Wholesale Store Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.14M
Owner & transaction history
since 2021
Last sale
$850,000
1 recorded transaction
Zoning & alternative use
9962229~CC · Flat Rock, NC
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
Value estimation
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.14M
Value range
$1.03M – $1.25M
±10% around blend
Estimated value / SF
$71 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$1.03M
blend $1.14M
$1.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,000 SF
Lot area
1.8 ac
Year built
1999
Stories
1
APN
9586273471
Zoning
9962229~CC
Assessed value
$848,800
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.51M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.63M
@ 6.5% CAP return
$1.51M
@ 7% CAP return
$1.40M
4
Sales comparison
Partial preview
Sales approach indication
$1.38M
Range $655k – $2.61M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 33 sales
$123
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $71/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this other industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$60k *
Last sale · May 2021
$850k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$692k
Move the market yield to see immediate price impact.
Value / SF
$43
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.10%8.60%9.10%
$54k
$661k
$623k
$588k
$60k
$735k
$692k
$654k
$65k
$808k
$761k
$719k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$848,800
Assessed 2024
Previous assessed
$848,800
+0.0% YoY
Assessed land
$156,800
Assessed improvement
$692,000
Land market value
$156,800
Improvement market value
$692,000
Total market value
$848,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Stories
1
Total area
16,000 SF
Lot
1.8 ac (78,408 SF)
Zoning code
9962229~CC
APN
9586273471
UPID
US53-0899422
Jurisdiction
HENDERSON
Zoning & alternative use
9962229~CC · Flat Rock, NCZoning 9962229~CC · permitted uses
9962229~CC · Flat Rock, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
9962229~CC
Jurisdiction
Flat Rock, NC
Recorded code
9962229~CC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 9962229~CC in Flat Rock, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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