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Property profile & analytics
OFF-MARKET
Auto shops
1585 Cres Rd, Rockwell, NC 28138
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-3252633
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1977
Construction
STEEL FRAME
Total area
3,200 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CBI
APN
358 054
UPID
US53-3252633
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
Wendell H Kluttz · 7 yrs held
Wendell H Kluttz
since 2019
4 recorded transactions
Zoning & alternative use
CBI · Rockwell, 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 Rockwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockwell 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
$363
Tax year 2023
Assessed value
$54,197
Assessed 2023
Previous assessed
$50,215
+7.9% YoY
Effective rate
0.67%
On assessed value
Assessed land
$30,464
Assessed improvement
$23,733
Land market value
$30,464
Improvement market value
$23,733
Total market value
$54,197
Applied tax rate
113.0000
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
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
3,200 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CBI
APN
358 054
UPID
US53-3252633
Jurisdiction
ROWAN
Zoning & alternative use
CBI · Rockwell, NC
Zoning CBI · permitted uses
CBI · Rockwell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockwell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Wendell H Kluttz
Individual
Free & Clear · 7 yrs held
Mailing address
1860 CRES RD, SALISBURY, NC 28146-8998
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
$1,500
Wendell H Kluttz
Shive,mary H K
Warranty Deed
—
Mar 13, 2018
—
Wendell H Kluttz
Kluttz,wendell H & Janie F
Quit Claim Deed
related
—
Mar 30, 2006
—
Wendell H Kluttz
Brown,thomas N & Mary T
Warranty Deed
related
—
Aug 5, 2005
—
Eva S Kluttz
Kluttz,eva S
Quit Claim Deed
related
—
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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