New search
Property profile & analytics
OFF-MARKET
Warehouses
1505 Turring Dr Indian Trail, NC 28079-8474
Individually Owned
10-yr Hold
Free & Clear
Property ID
US53-2316363
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
2,000 SF
Lot
0.05 ac (2,004 SF)
Zoning code
LI INDIAN TRAIL
APN
07-066-017D
UPID
US53-2316363
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
Howard S Monteith · 10 yrs held
Howard S Monteith
since 2016
7 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · Indian Trail, 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 Indian Trail submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Trail 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,281
Tax year 2023
Assessed value
$137,000
Assessed 2023
Previous assessed
$137,000
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$18,700
Assessed improvement
$118,300
Land market value
$18,700
Improvement market value
$118,300
Total market value
$137,000
Applied tax rate
623.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
YES
Stories
1
Total area
2,000 SF
Lot
0.05 ac (2,004 SF)
Zoning code
LI INDIAN TRAIL
APN
07-066-017D
UPID
US53-2316363
Jurisdiction
UNION
Zoning & alternative use
LI INDIAN TRAIL · Indian Trail, NC
Zoning LI INDIAN TRAIL · permitted uses
LI INDIAN TRAIL · Indian Trail, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Trail. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
YES
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Howard S Monteith
Individual
Free & Clear · 10 yrs held
Mailing address
4409 STONEY POINTE CT, BELMONT, NC 28012-6752
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2017
—
Howard S Monteith
—
Deed
related
$140,000 · Bank Of Nc
Aug 16, 2016
—
Turring LLC
—
Deed
related
$100,000 · Wells Fargo Bk
Mar 4, 2016
$175,000
Howard S Monteith
Emc Properties LLC
Warranty Deed
—
Mar 4, 2016
—
Emc Properties LLC
Simpson,chad E
Warranty Deed
—
Feb 20, 2013
—
Chad E Simpson
Simpson,chad E & Lisa T
Quit Claim Deed
related
—
Jun 22, 2007
—
Howard S Monteith
Moore,ronnie & Denise
Grant Deed
related
—
—
—
Howard S Monteith
—
Deed Of Trust
related
$140,000 · Bank Of Nc
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1505 Turring Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
