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Property profile & analytics
OFF-MARKET
Distribution centers
1401 Industrial Pike Rd Gastonia, NC 28052
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1208401
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Total area
15,000 SF
Lot
2.94 ac (128,066 SF)
Zoning code
STOR2
APN
135881
UPID
US53-1208401
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Industrial Pike LLC · 4 yrs held
Industrial Pike LLC
since 2022
7 recorded transactions
Zoning & alternative use
STOR2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,389
Tax year 2024
Assessed value
$410,600
Assessed 2024
Previous assessed
$410,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$105,840
Assessed improvement
$304,760
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1994
Heating
YES
Stories
1
Total area
15,000 SF
Lot
2.94 ac (128,066 SF)
Zoning code
STOR2
APN
135881
UPID
US53-1208401
Jurisdiction
GASTON
Zoning & alternative use
STOR2 · Gastonia, NCZoning STOR2 · permitted uses
STOR2 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Heating
YES
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Industrial Pike LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1451 DELTA DR, GASTONIA, NC 28052-5414
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
—
Industrial Pike LLC
—
Deed
related
$510,000 · Pinnacle Bank
Mar 21, 2022
—
Industrial Pike LLC
Gastonia Industrial Realty Corporat
Deed
—
Dec 30, 2021
$1,575,000
Industrial Pike LLC
Kennington Properties LLC
Special Warranty Deed
$1,218,750 · Pinncacle Bank
Dec 30, 2021
—
Industrial Pike LLC
Kennington Properties LLC
Deed
—
Jun 20, 2013
—
Hagan Kennington Oil Co INC
—
Deed Of Trust
related
$3,500,000 · First National Bank Shelby
—
—
Kennington Properties LLC
—
Deed Of Trust
related
$300,000 · First National Bank
—
—
Hagan-kennington Oil Co INC
—
Deed Of Trust
related
$500,000 · Bank Of The Ozarks
—
—
Kennington Properties LLC
—
Deed Of Trust
related
$2,695,000 · First National Bank
—
—
Hagan Kennington Oil Co INC
—
Deed Of Trust
related
$2,695,000 · First National Bank
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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