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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
1553 Old Ballpark Rd, Spindale, NC 28160-2177
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-2728027
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Total area
5,200 SF
Lot
45.11 ac (1,964,992 SF)
Zoning code
HCI
APN
1624653
UPID
US53-2728027
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
-
White Oak Custom Carpet Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Spindale Oak Properties LLC · 10 yrs held
Spindale Oak Properties LLC
since 2016
6 recorded transactions
Zoning & alternative use
HCI · Spindale, 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 Spindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spindale 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
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$122 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$30,442
Tax year 2021
Assessed value
$2,574,000
Assessed 2023
Previous assessed
$2,574,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$417,800
Assessed improvement
$2,156,200
Land market value
$417,800
Improvement market value
$2,156,200
Total market value
$2,574,000
Applied tax rate
12.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1973
Heating
HOT WATER
Cooling
PARTIAL
Buildings
8
Stories
1
Total area
5,200 SF
Lot
45.11 ac (1,964,992 SF)
Zoning code
HCI
APN
1624653
UPID
US53-2728027
Jurisdiction
RUTHERFORD
Zoning & alternative use
HCI · Spindale, NC
Zoning HCI · permitted uses
HCI · Spindale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spindale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
8
Lot
45.11 ac
Current owner
From public records · entity-resolved
Spindale Oak Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
535 S EMERSON ST, WICHITA, KS 67209-2161
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2016
—
Spindale Oak Properties LLC
—
Deed
related
$2,400,000 · Roger A Mobley
Feb 12, 2016
$800,000
Spindale Oak Properties LLC
Kb Godley Ix LLC
Warranty Deed
—
Sep 8, 2010
—
Kb Godley Ix LLC
Godley,kathryn B & Fred D
Quit Claim Deed
related
—
Aug 31, 2010
—
Kb Godley Ix LLC
Godley,kathryn B
Quit Claim Deed
related
—
Feb 4, 2009
$1,250,000
Kathryn B Godley
Godley,fred D & Kathryn B
Warranty Deed
related
—
Jul 23, 2007
$300,000
Fred D Godley
Joan Fabrics Corp
Grant 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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