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Property profile & analytics
OFF-MARKET
Estimated value
$12,235,000
Manufacturing properties
13722 Bill Mcgee Rd, Midland, NC 28107-9539
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-4693997
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2016
Construction
STEEL FRAME
Total area
114,972 SF
Lot
40.59 ac (1,768,275 SF)
Zoning code
GI
APN
5544 62 1379
UPID
US53-4693997
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
-
Intertape Polymer Shipping & Receiving Corporate Office
-
Intertape Polymer Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.26M
CAP Approach
CAP
$11.66M
Comparable Approach
Comparable
$12.61M
Blend (final)
Blend
$12.24M
Owner & transaction history
Intertape Polymer Corp · 3 yrs held
Intertape Polymer Corp
since 2022
Last sale
$12.3M
2 recorded transactions
Zoning & alternative use
GI · Midland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.9M
+208.7%
Commercial (general)
$12.2M
+88.1%
Retail stores
$10.2M
+57.2%
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 Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland 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
$9,870,000
ML approach
$8,255,000
CAP Approach
CAP Return
Estimation
6%
$12,625,000
6.5%
$11,655,000
7%
$10,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,945,000
Change: +209% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,155,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$10,160,000
Change: +57% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,370,000
Change: +45% · Conversion: Difficult
RESTAURANT
$8,385,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,865,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$12.24M
Range $11.01M – $13.46M · ±10% · vs last sale $12.34M (Oct 7 2022)
Last sale anchor
$12.34M
Oct 7 2022
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
$106 / 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
$147,010
Tax year 2024
Assessed value
$21,747,090
Assessed 2024
Previous assessed
$21,635,730
+0.5% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,801,130
Assessed improvement
$19,945,960
Land market value
$1,801,130
Improvement market value
$19,945,960
Total market value
$21,747,090
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
2016
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Stories
1
Total area
114,972 SF
Lot
40.59 ac (1,768,275 SF)
Zoning code
GI
APN
5544 62 1379
UPID
US53-4693997
Jurisdiction
CABARRUS
Zoning & alternative use
GI · Midland, NC
Zoning GI · permitted uses
GI · Midland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$19.9M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
RESTAURANT
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2016
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Lot
40.59 ac
Current owner
From public records · entity-resolved
Intertape Polymer Corp
Entity
Free & Clear · 3 yrs held
Mailing address
245 PARK AVE FL #24, NEW YORK, NY 10167-2699
Ownership since
2022
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
Oct 7, 2022
—
Intertape Polymer Corp
Agnl Seal LP
Lease
—
Oct 7, 2022
$12,339,500
Agnl Seal LP
Intertape Polymer Corp
Special Warranty Deed
$103,000,000 · Citi Real Estate Funding INC
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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