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Property profile & analytics
OFF-MARKET
Estimated value
$5,940,000
Manufacturing properties
1372 Boggs Dr Mount Airy, NC 27030-2144
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4407520
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1984
Construction
CONCRETE
Total area
162,322 SF
Lot
35 ac (1,524,600 SF)
Zoning code
M1
APN
5021-09-06-2103
UPID
US53-4407520
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
-
L S Starrett Mt Airy Division Industrial Manufacturer Production Facility
-
American Building Network, LLC. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$5.94M
Owner & transaction history
Wise Storage Sltns LLC · 5 yrs held
Wise Storage Sltns LLC
since 2020
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
M1 · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.1M
+91.7%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$6,635,000
ML approach
$6,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,720,000
Current use
WAREHOUSE, STORAGE
$9,055,000
Change: +92% · Conversion: Easy
Blend value · Realmo final
$5.94M
Range $5.35M – $6.53M · ±10% · vs last sale $5.50M (Dec 21 2020)
Last sale anchor
$5.50M
Dec 21 2020
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
$37 / 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
$30,689
Tax year 2024
Assessed value
$5,559,510
Assessed 2024
Previous assessed
$5,559,510
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$686,000
Assessed improvement
$4,873,510
Land market value
$686,000
Improvement market value
$4,873,510
Total market value
$5,559,510
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
HEAVY MANUFACTURING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
NONE
Buildings
2
Stories
1
Total area
162,322 SF
Lot
35 ac (1,524,600 SF)
Zoning code
M1
APN
5021-09-06-2103
UPID
US53-4407520
Jurisdiction
SURRY
Zoning & alternative use
M1 · Mount Airy, NC
Zoning M1 · permitted uses
M1 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$9.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
35 ac
Current owner
From public records · entity-resolved
Wise Storage Sltns LLC
Entity
Mailing address
PO BOX 804, MOUNT AIRY, NC 27030-0804
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
$5,500,000
Wise Storage Sltns LLC
L S Starrett Co
Warranty Deed
$4,675,000 · 1st Community Bank
Nov 18, 2020
—
L S Starrett Co
—
Deed
related
$10,000,000 · Td Bank NA
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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