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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
16 Nc Business Hwy, Vale, NC 28168
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-3250805
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,598 SF
Lot
0.54 ac (23,740 SF)
Zoning code
ELDD B-N
APN
85029
UPID
US53-3250805
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$825k
Owner & transaction history
Kingdom Building Holdings LLC · 6 yrs held
Kingdom Building Holdings LLC
since 2020
Last sale
$835,000
5 recorded transactions
Zoning & alternative use
ELDD B-N · Vale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$960,000
+56.6%
Commercial (general)
$680,000
+11.0%
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 Vale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vale 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
$805,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
WAREHOUSE, STORAGE
$960,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: +11% · Conversion: Easy
RETAIL STORES
$570,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $835k (Feb 26 2020)
Last sale anchor
$835k
Feb 26 2020
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
$125 / 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
$7,139
Tax year 2023
Assessed value
$1,107,188
Assessed 2023
Previous assessed
$1,107,188
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$267,075
Assessed improvement
$840,113
Land market value
$267,075
Improvement market value
$840,113
Total market value
$1,107,188
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
6,598 SF
Lot
0.54 ac (23,740 SF)
Zoning code
ELDD B-N
APN
85029
UPID
US53-3250805
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-N · Vale, NC
Zoning ELDD B-N · permitted uses
ELDD B-N · Vale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$680,000
RETAIL STORES
Est. value
$570,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Kingdom Building Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
531 BRENTWOOD RD, DENVER, NC 28037-0269
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
—
Kingdom Building Holdings LLC
Southlake Group LLC
Correction Deed
related
—
Dec 31, 2019
$860,000
Kingdom Building Holdings LLC
Southlake Group LLC
Warranty Deed
related
—
Mar 31, 2006
$835,000
Southlake Group LLC
Leggett,john G & Cindy C
Warranty Deed
$885,000 · Bank Of Commerce
Mar 31, 2006
—
John G Leggett
Leggett Ents LLC
Quit Claim Deed
related
—
—
—
Southlake Group LLC
—
Deed Of Trust
related
$684,000 · Carolina Tr Bk
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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