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Property profile & analytics
OFF-MARKET
Banks
175 Franklin Blvd Gastonia, NC 28052-4145
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5308562
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1925
Total area
9,600 SF
Lot
0.21 ac (9,148 SF)
Zoning code
OFF01
APN
105768
UPID
US53-5308562
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
-
Tressy S. Mclean-Hickey, MSW Physician
-
Lafayette Long Foster Care Service Social Service Agency
-
Orrin Bynes Foster Care Service Social Service Agency
-
Stephanie Hilderbran Physician
-
Support Incorporated Crisis Center Medical Clinic
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
Hp Properties & Development LLC · 15 yrs held
Hp Properties & Development LLC
since 2011
7 recorded transactions
Zoning & alternative use
OFF01 · Gastonia, 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 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,935
Tax year 2024
Assessed value
$467,730
Assessed 2024
Previous assessed
$467,730
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$73,180
Assessed improvement
$394,550
Applied tax rate
185.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Total area
9,600 SF
Lot
0.21 ac (9,148 SF)
Zoning code
OFF01
APN
105768
UPID
US53-5308562
Jurisdiction
GASTON
Zoning & alternative use
OFF01 · Gastonia, NC
Zoning OFF01 · permitted uses
OFF01 · 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.
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Hp Properties & Development LLC
Entity
Mailing address
209 COMMODORE CT, BELMONT, NC 28012-8869
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Hp Properties & Development LLC
—
Deed
related
—
Jul 31, 2019
—
Hp Properties & Development LLC
—
Deed
related
$500,000 · The Fidelity Bank
Aug 2, 2018
—
Hp Properties & Devleopment LLC
—
Deed
related
$400,000 · The Fidelity Bank
Jun 15, 2017
—
H P Properties & Dev LLC
—
Deed
related
$300,000 · Fidelity Bk
May 12, 2011
—
Hp Properties & Development LLC
Jason C Hollingshead
Warranty Deed
$892,500 · The Fidelity Bank
Jun 27, 2007
—
Hollingshead Jason C
—
Grant Deed
—
—
—
Jason C Hollingshead
—
Deed Of Trust
related
$328,000 · Alliance Bank & Trust Co
—
—
Jason C Hollinghead
—
Deed Of Trust
related
$328,000 · Alliance Bank & Trust Co
—
—
H P Properties & Dev LLC
—
Deed Of Trust
related
$300,000 · Fidelity Bk
—
—
Jason C Hollingshead
—
Deed Of Trust
related
$210,000 · Alliance Bank & Trust Co
—
—
Jason C Hollingshead
—
Deed Of Trust
related
$210,000 · Alliance Bank & Trust Co
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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