Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1345 Chapman Ln Newton, NC 28658-1778

    • Assisted living facilities
    • 9,763 SF
    • 5.68 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2020
    $1,842,000
    Value Estimations
    $1,675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0261789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1345 Chapman Ln

    Year built
    1985
    Construction
    WOOD
    Lot size
    5.68 lot acres
    Property size
    9,763 SF
    Zone code
    P-1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    3740-06-37-5895
    APU
    374006375895

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,675,000
      ML approach
      $2,045,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2102
    Latitude
    35.6748
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,882
    $70,900
    $622,300
    $693,200
    -
    $70,900
    $622,300
    $693,200

    Comparable in this City

    • Value Estimation
      $585,000
      35,285 SF

      1088 Radio Sta Rd

      HOMES (RETIRED, NURSING) • 35,285 SF
      1088 Radio Sta Rd, Newton, NC 28658-9478
      View Details
    • Value Estimation by Request
      23,360 SF

      1246 Hwy 70

      Lifestyle centers • 23,360 SF
      1246 Hwy 70, Newton, NC 28658
      View Details
    • Value Estimation
      $225,000
      5,998 SF

      3121 Plateau Rd

      MEDICAL BUILDING • 5,998 SF
      3121 Plateau Rd, Newton, NC 28658-8900
      View Details
    • Value Estimation
      $1,165,000
      5,282 SF

      829 25th St

      MEDICAL BUILDING • 5,282 SF
      829 25th St, Newton, NC 28658-2852
      View Details
    • Value Estimation
      $375,000
      8,981 SF

      750 Iris Ln

      MEDICAL BUILDING • 8,981 SF
      750 Iris Ln, Newton, NC 28658
      View Details
    • Value Estimation
      $290,000
      7,369 SF

      3802 Startown Rd

      MEDICAL BUILDING • 7,369 SF
      3802 Startown Rd, Newton, NC 28658-9258
      View Details

    Similar Nearby for Sale

    • $1,184,000
      2,576 SF

      Pizza Hut Net Lease Investment

      High-Yield Restaurant Property in Newton, NC
      2025 Westside Blvd, Newton, NC 28658
      View Details
    • $630,000
      10.00 Acres

      Newton, NC Industrial Land for Sale

      10 Acres, Hwy 321 Access, Prime Location
      3346 Cansler Cir, Newton, NC 28658
      View Details
    • Contact for pricing
      10,400 SF

      Hickory Retail Space - 10,400 SF

      Former Family Dollar, high-traffic location. Sale or lease.
      1240 Us Highway 70, Hickory, NC 28658
      View Details
    • Contact for pricing

      Hickory NC Land For Development

      31+ acres for multi-family development near I-40.
      2063 Startown Rd, Newton, NC 28658
      View Details
    • $1,650,000
      2,600 SF

      Historic Oakwood Dairy Farm Estate

      Historic 18.78-acre farm with barns, chapel, and party venue.
      3651 W Nc 10 Hwy, Newton, NC 28658
      View Details
    • $2,180,000
      94 SF

      Prime Farmland with Equipped Workshop

      94.61 acres of farmland with home, barns, and workshop.
      3224 Charolais Dr Newton, Newton, NC 28658
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      126,435 SF

      Newton Marketplace Center Retail Space

      High-traffic retail spaces available in Newton, NC.
      2725 Blvd, Newton, NC 28658
      View Details
    • Contact for pricing
      10,400 SF

      Hickory Retail Space - 10,400 SF

      Prime Retail Building, Hickory, NC
      1240 Us Highway 70, Hickory, NC 28658
      View Details
    • $92 SF/Yr
      2,325 SF

      Downtown Newton Office Suite

      Prime 2,325 sq ft office space in Newton, NC
      21 East St, Newton, NC 28658
      View Details
    • $5,000 /Mo
      5,150 SF

      Newton Retail Space - 5150 SF

      High-traffic retail space, ample parking, move-in ready.
      110 E A St, Newton, NC 28658
      View Details
    • $10 SF/Yr
      40,000 SF

      Newton, NC Warehouse - 40,000 SF

      New 40,000 SF warehouse in prime location.
      2010 Eastern Industrial Dr, Newton, NC 28658
      View Details
    • $24,000
      732 SF

      Newton Commercial Space - 732 SF

      Versatile industrial/commercial space in downtown Newton, NC.
      207 2Nd St, Newton, NC 28658
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1345 Chapman Ln
    Newton, NC 28658-1778
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.