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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Automotive properties
1774 Nc 16th Hwy, Newton, NC 28658-7806
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-0930037
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,395 SF
Lot
9.24 ac (402,494 SF)
Zoning code
B-2
APN
3649-08-78-9650
UPID
US53-0930037
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
$2.61M
Blend (final)
Blend
$2.54M
Owner & transaction history
Reservation LLC · 10 yrs held
Reservation LLC
since 2015
3 recorded transactions
Zoning & alternative use
B-2 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+14.9%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
AUTO REPAIR, GARAGE
$3,095,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,555,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$2,935,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,770,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±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
$84 / 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
$12,089
Tax year 2023
Assessed value
$2,420,200
Assessed 2023
Previous assessed
$2,420,200
+0.0% YoY
Effective rate
0.50%
On assessed value
Assessed land
$294,200
Assessed improvement
$2,126,000
Land market value
$294,200
Improvement market value
$2,126,000
Total market value
$2,420,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
1
Total area
30,395 SF
Lot
9.24 ac (402,494 SF)
Zoning code
B-2
APN
3649-08-78-9650
UPID
US53-0930037
Jurisdiction
CATAWBA
Zoning & alternative use
B-2 · Newton, NC
Zoning B-2 · permitted uses
B-2 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
1
Lot
9.24 ac
Current owner
From public records · entity-resolved
Reservation LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1675 CODDLE CRK HWY, MOORESVILLE, NC 28115-8245
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2016
—
Reservation LLC
—
Deed
related
$1,500,000 · Ally Bk
Nov 24, 2015
—
Reservation LLC
Earnhardt,teresa H
Grant Deed
—
—
—
Reservation LLC
—
Deed Of Trust
related
$1,500,000 · Ally 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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