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Property profile & analytics
OFF-MARKET
Estimated value
$9,785,000
Manufacturing properties
131 Flint Hl Church Rd Shelby, NC 28152
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2583821
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2011
Total area
148,770 SF
Lot
15.72 ac (684,763 SF)
Zoning code
LI
APN
60666
UPID
US53-2583821
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
$5.94M
Blend (final)
Blend
$9.79M
Owner & transaction history
T5/kings Mountain Vii LLC · 10 yrs held
T5/kings Mountain Vii LLC
since 2015
7 recorded transactions
Zoning & alternative use
LI · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI light industrial district is primarily intended to accommodate limited manufacturing, warehousing, wholesaling and related commercial and service activities which have little or no adverse impact upon adjoining residential, business and industrial properties, the preservation of land for light industrial use is a major objective of the LI district, th…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,564.87 ac
Source
Realmo
Top alternative use upside
Retail stores
$12.7M
+9.8%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,600,000
Current use
RETAIL STORES
$12,735,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$9.79M
Range $8.81M – $10.76M · ±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
$66 / 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
$328,056
Tax year 2024
Assessed value
$30,506,649
Assessed 2023
Previous assessed
$30,506,649
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$374,136
Assessed improvement
$30,132,513
Land market value
$374,136
Improvement market value
$30,132,513
Total market value
$30,506,649
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2011
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
148,770 SF
Lot
15.72 ac (684,763 SF)
Zoning code
LI
APN
60666
UPID
US53-2583821
Jurisdiction
CLEVELAND
Zoning & alternative use
LI · Shelby, NCZoning LI · permitted uses
LI · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI light industrial district is primarily intended to accommodate limited manufacturing, warehousing, wholesaling and related commercial and service activities which have little or no adverse impact upon adjoining residential, business and industrial properties, the preservation of land for light industrial use is a major objective of the LI district, the LI district is intended to provide appropriate locations for light industrial uses in areas that are not adversely impacted by general or heavy industrial uses, other land uses allowed within the LI district should be limited to those uses that support light industrial uses, generally, retail and heavy commercial uses should be avoided in the LI district
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,564.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.6M
RETAIL STORES
Est. value
$12.7M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
2011
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
15.72 ac
Current owner
From public records · entity-resolved
T5/kings Mountain Vii LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3344 PEACHTREE RD NE STE #2550, ATLANTA, GA 30326-4825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2019
—
T5 Kings Mountain II LLC
—
Grant Deed
related
$50,360,000 · Suntrust Bk
Oct 26, 2015
—
T5/kings Mountain Vii LLC
T5/kings Mountain II LLC
Quit Claim Deed
related
—
Mar 23, 2011
—
Rst Communications LLC
T5 At Kings Mountain II LLC
Grant Deed
—
Mar 18, 2011
—
Rst Communications LLC
T5 Kings Mountain II LLC
Grant Deed
related
—
Nov 23, 2010
$2,072,500
T5/kings Mountain II LLC
Tca Potts Creek LLC
Grant Deed
—
Nov 23, 2010
—
T5/kings Mountain II LLC
Tca Potts Creek LLC
Grant Deed
—
Nov 13, 2010
$2,072,500
T5 Kings Mountain II LLC
Tca Potts Creek LLC
Grant Deed
—
Nov 13, 2010
—
T5 Kings Mountain II LLC
Tca Potts Creek LLC
Grant Deed
related
—
Aug 5, 2010
—
T5/kings Mountain LLC
Tca Potts Creek LLC
Grant Deed
—
Jul 26, 2010
$500
T5 Kings Mountain LLC
Tca Potts Creek LLC
Grant Deed
related
—
—
—
T5 @ Kings Mountain II LLC
—
Deed Of Trust
related
$40,000,000 · Synovus Bank
—
—
T5charlotte II LLC
—
Loan Modification
related
$44,500,000 · Truist Bk
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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