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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Manufacturing properties
1408 Unity St, Thomasville, NC 27360-4957
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0533208
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
64,146 SF
Lot
9.07 ac (395,089 SF)
Zoning code
M1
APN
16-335-0-000-0019
UPID
US53-0533208
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
-
Altium Packaging Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.85M
Owner & transaction history
Orh Thomasville LLC · 2 yrs held
Orh Thomasville LLC
since 2024
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
M1 · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+54.4%
Auto repair, garage
$4.3M
+33.6%
Apartment house (5+ units)
$4.1M
+26.6%
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
$3,850,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,215,000
Current use
COMMERCIAL (GENERAL)
$4,960,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,295,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,070,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$3,980,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$3,185,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±10% · vs last sale $3.85M (Jun 7 2024)
Last sale anchor
$3.85M
Jun 7 2024
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
$60 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,236
Tax year 2023
Assessed value
$1,658,280
Assessed 2023
Previous assessed
$1,658,280
+0.0% YoY
Effective rate
1.16%
On assessed value
Land market value
$283,440
Improvement market value
$1,374,840
Total market value
$1,658,280
Applied tax rate
16.0000
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
1970
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
64,146 SF
Lot
9.07 ac (395,089 SF)
Zoning code
M1
APN
16-335-0-000-0019
UPID
US53-0533208
Jurisdiction
DAVIDSON
Zoning & alternative use
M1 · Thomasville, NC
Zoning M1 · permitted uses
M1 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
9.07 ac
Current owner
From public records · entity-resolved
Orh Thomasville LLC
Entity
Mailing address
146 FRNT ST #1253, WORCESTER, MA 01608-1457
Ownership since
2024
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
Jun 7, 2024
$3,850,000
Orh Thomasville LLC
Unity Holdings LLC
Special Warranty Deed
$2,887,500 · Cornerstone Bank A Massachusetts Ba
Jun 28, 2007
—
Unity Holdings LLC
Mesa Industries INC
Warranty Deed
—
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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