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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Industrial properties
1220 Industrial Ave Gastonia, NC 28054-4629
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0124662
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
39,100 SF
Lot
1.16 ac (50,530 SF)
Zoning code
INDS2
APN
104945
UPID
US53-0124662
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
-
Champion Powder Coating Powder Coating Service
-
Watermill Ventures Ltd Construction Company General Contractor
-
X Press Powdercoat/A & J Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$735k
Owner & transaction history
Champion Property Management LLC · 2 yrs held
Champion Property Management LLC
since 2024
Last sale
$737,000
4 recorded transactions
Zoning & alternative use
INDS2 · Gastonia, 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 Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia 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
$735,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $737k (Apr 3 2024)
Last sale anchor
$737k
Apr 3 2024
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
$19 / 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
$7,484
Tax year 2024
Assessed value
$700,080
Assessed 2024
Previous assessed
$700,080
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$71,250
Assessed improvement
$628,830
Applied tax rate
180.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
15
Total area
39,100 SF
Lot
1.16 ac (50,530 SF)
Zoning code
INDS2
APN
104945
UPID
US53-0124662
Jurisdiction
GASTON
Zoning & alternative use
INDS2 · Gastonia, NC
Zoning INDS2 · permitted uses
INDS2 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
15
Lot
1.16 ac
Current owner
From public records · entity-resolved
Champion Property Management LLC
Entity
Mailing address
1220 INDUSTRIAL AVE, GASTONIA, NC 28054-4629
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$737,000
Champion Property Management LLC
Dri Property Management LLC
Warranty Deed
$737,000 · Southstate Bank National Associatio
Dec 30, 2019
—
Drh Property Management LLC
—
Deed
related
$400,000 · South State Bank
May 28, 2015
$650,000
Drh Property Management LLC
James Investment Group LLC
Warranty Deed
$487,500 · Carolina Premier Bank
Sep 22, 2005
$425,000
James Investment Group LLC
Gastonia Indl Realty Corp
Warranty Deed
$340,000 · First Gaston Bk/nc
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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