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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Industrial properties
1640 Federal St, Gastonia, NC 28052-0502
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0894297
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Total area
81,000 SF
Lot
10.31 ac (449,104 SF)
Zoning code
INDS2
APN
137113
UPID
US53-0894297
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
$9.10M
CAP Approach
CAP
$8.21M
Comparable Approach
Comparable
$6.38M
Blend (final)
Blend
$9.10M
Owner & transaction history
Faropoint Industrial Sle Club-nc1 L · 2 yrs held
Faropoint Industrial Sle Club-nc1 L
since 2024
Last sale
$9.1M
5 recorded transactions
Zoning & alternative use
INDS2 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.9M
+278.7%
Restaurant
$7.2M
+110.3%
Commercial (general)
$6.7M
+95.8%
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 Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia 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
$9,100,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
$8,895,000
6.5%
$8,210,000
7%
$7,625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,900,000
Change: +279% · Conversion: Difficult
RESTAURANT
$7,160,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,670,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,575,000
Change: +93% · Conversion: Easy
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.10M (Apr 22 2024)
Last sale anchor
$9.10M
Apr 22 2024
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
$112 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$56,156
Tax year 2024
Assessed value
$5,253,140
Assessed 2024
Previous assessed
$5,253,140
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$403,100
Assessed improvement
$4,850,040
Applied tax rate
180.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2016
Heating
YES
Stories
1
Rooms
1
Total area
81,000 SF
Lot
10.31 ac (449,104 SF)
Zoning code
INDS2
APN
137113
UPID
US53-0894297
Jurisdiction
GASTON
Zoning & alternative use
INDS2 · Gastonia, NC
Zoning INDS2 · permitted uses
INDS2 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$12.9M
RESTAURANT
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2016
Heating
YES
Stories
1
Rooms
1
Lot
10.31 ac
Current owner
From public records · entity-resolved
Faropoint Industrial Sle Club-nc1 L
Individual
Free & Clear · 2 yrs held
Mailing address
111 RIV ST #1010, HOBOKEN, NJ 07030-5773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 22, 2024
$9,100,000
Faropoint Industrial Sle Club-nc1 L
Sytz Investments LLC
Special Warranty Deed
—
Apr 22, 2024
—
Faropoint Industrial Slb Club-nc1 L
Sytz Investments LLC
Deed
—
Nov 1, 2017
—
Sytz Investments LLC
—
Loan Modification
related
$5,000,000 · Pnc Bk
Dec 30, 2011
$1,325,000
Sytz Investments LLC
Radicispandex Corp
Warranty Deed
$1,105,000 · Rbc Bank (usa)
—
—
Sytz Investments LLC
—
Deed Of Trust
related
$4,000,000 · Pnc Bank
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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