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Property profile & analytics
OFF-MARKET
Auto shops
1424 Drexel Rd, Valdese, NC 28690-9008
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4019663
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.84 ac (36,590 SF)
Zoning code
GENERAL BUSINESS DIST
APN
17277
UPID
US53-4019663
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
-
Tin Man Customs Of NC LLC: Metal Fabrication & Welding Metal Fabrication Plant Factory
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
Nathan Edward Hawkins · 4 yrs held
Nathan Edward Hawkins
since 2021
Last sale
$150,000
2 recorded transactions
Zoning & alternative use
GENERAL BUSINESS DIST · Valdese, 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 Valdese submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valdese 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
$831
Tax year 2024
Assessed value
$125,869
Assessed 2024
Previous assessed
$125,869
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$47,250
Assessed improvement
$78,619
Land market value
$47,250
Improvement market value
$78,619
Total market value
$125,869
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,400 SF
Lot
0.84 ac (36,590 SF)
Zoning code
GENERAL BUSINESS DIST
APN
17277
UPID
US53-4019663
Jurisdiction
BURKE
Zoning & alternative use
GENERAL BUSINESS DIST · Valdese, NC
Zoning GENERAL BUSINESS DIST · permitted uses
GENERAL BUSINESS DIST · Valdese, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valdese. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Nathan Edward Hawkins
Individual
Free & Clear · 4 yrs held
Mailing address
2291 OLD NC 18, MORGANTON, NC 28655-7485
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 16, 2021
$150,000
Nathan Edward Hawkins
David Baird LLC
Warranty Deed
—
Oct 26, 2016
—
Baird,david & Bettye Family Trust
David Baird LLC
Quit Claim 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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