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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
1603 Ml Ave, Eden, NC 27288-3919
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US53-2306203
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,808 SF
Lot
24.86 ac (1,082,902 SF)
Zoning code
HEAVY INDUSTRIAL EDEN
APN
7090-07-68-5895-00
UPID
US53-2306203
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
-
Mabe Trucking Co Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$1.20M
Owner & transaction history
Mabe Trucking Properties LLC · 15 yrs held
Mabe Trucking Properties LLC
since 2010
7 recorded transactions
Zoning & alternative use
HEAVY INDUSTRIAL EDEN · Eden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+138.2%
Auto repair, garage
$1.5M
+101.9%
Retail stores
$1.1M
+52.1%
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 Eden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$750,000
Current use
OFFICE BUILDING
$1,790,000
Change: +138% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,520,000
Change: +102% · Conversion: Easy
RETAIL STORES
$1,145,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$58 / 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
$5,249
Tax year 2023
Assessed value
$402,549
Assessed 2023
Previous assessed
$402,549
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$185,215
Assessed improvement
$217,334
Land market value
$185,215
Improvement market value
$217,334
Total market value
$402,549
Applied tax rate
102.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Total area
20,808 SF
Lot
24.86 ac (1,082,902 SF)
Zoning code
HEAVY INDUSTRIAL EDEN
APN
7090-07-68-5895-00
UPID
US53-2306203
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HEAVY INDUSTRIAL EDEN · Eden, NC
Zoning HEAVY INDUSTRIAL EDEN · permitted uses
HEAVY INDUSTRIAL EDEN · Eden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$750,000
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Lot
24.86 ac
Current owner
From public records · entity-resolved
Mabe Trucking Properties LLC
Entity
Mailing address
PO BOX 1081, EDEN, NC 27289-1081
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
—
Mabe Trucking Properties LLC
—
Deed
related
—
Jun 2, 2020
—
Mabe Trucking Properties LLC
—
Deed
related
$175,000 · Bb&t Collateral Svcs
Feb 4, 2020
—
Mabe Trucking Co INC
—
Deed
related
$850,000 · Bb&t Collateral Svcs
Mar 28, 2019
—
Mabe Trucking Properties INC
—
Deed
related
$173,268 · Branch Bk&tr
Dec 28, 2010
—
Mabe Trucking Properties LLC
Mabe Trucking Co INC
Quit Claim Deed
related
—
—
—
Mabe Trucking Properties INC
—
Deed Of Trust
related
$173,268 · Branch Bk&tr
—
—
Mabe Trucking Properties LLC
—
Deed Of Trust
related
$100,000 · Branch Banking & Trust Co
—
—
Mabe Trucking Properties LLC
—
Deed Of Trust
related
$425,000 · Branch Banking & Trust Co
—
—
Mabe Trucking Properties LLC
—
Deed Of Trust
related
$380,000 · Branch Banking & Trust Co
—
—
Mabe Trucking Properties LLC
—
Deed Of Trust
related
$175,000 · Bb&t Collateral Svcs
—
—
Mabe Trucking Properties LLC
—
Deed Of Trust
related
$125,000 · Branch Banking & Trust Co
—
—
Mabe Trucking Co INC
—
Deed Of Trust
related
$850,000 · Bb&t Collateral Svcs
—
—
Mabe Trucking Co INC
—
Deed Of Trust
related
$369,260 · Wachovia Bank NA
—
—
Mabe Trucking Co INC
—
Deed Of Trust
related
$230,000 · Wachovia Bank NA
—
—
Mabe Trucking Co INC
—
Deed Of Trust
related
$109,998 · Wachovia Bank NA
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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