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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Manufacturing properties
18117 Nc Hwy 109, Denton, NC 27239-7838
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-1017237
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,674 SF
Lot
0.55 ac (23,750 SF)
Zoning code
B2
APN
07-053-0-009-0001
UPID
US53-1017237
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
$582k
Blend (final)
Blend
$580k
Owner & transaction history
Add Squared LLC · 12 yrs held
Add Squared LLC
since 2013
6 recorded transactions
Zoning & alternative use
B2 · Denton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+62.9%
Auto repair, garage
$515,000
+33.6%
Commercial (general)
$495,000
+29.2%
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 Denton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denton 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
INDUSTRIAL (GENERAL)
$385,000
Current use
OFFICE BUILDING
$625,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$515,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$495,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$430,000
Change: +12% · Conversion: Easy
RETAIL STORES
$380,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$76 / 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
$12,689
Tax year 2023
Assessed value
$1,113,090
Assessed 2023
Previous assessed
$1,113,090
+0.0% YoY
Effective rate
1.14%
On assessed value
Land market value
$207,810
Improvement market value
$905,280
Total market value
$1,113,090
Applied tax rate
7.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
7,674 SF
Lot
0.55 ac (23,750 SF)
Zoning code
B2
APN
07-053-0-009-0001
UPID
US53-1017237
Jurisdiction
DAVIDSON
Zoning & alternative use
B2 · Denton, NC
Zoning B2 · permitted uses
B2 · Denton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$495,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$430,000
RETAIL STORES
Est. value
$380,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Add Squared LLC
Entity
Mailing address
845 WINDALIER LN, WINSTON SALEM, NC 27106-9843
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Add Squared LLC
—
Deed
related
$480,000 · American National Bank & Trust Co
May 16, 2017
—
Add Squared LLC
—
Deed
related
$705,000 · Capital Bank Corporation
Jul 19, 2013
$1,125,000
Add Squared LLC
Edu Care Day Care & Pre School INC
Warranty Deed
$900,000 · Branch Banking And Trust Co
Sep 28, 2006
$1,327,500
Edu-care Day Care & Pre-school
JR Developers LLC
Warranty Deed
$775,000 · Branch Banking & Trust Co
Jan 10, 2005
$270,000
JR Developers LLC
Steed,franklin R
Warranty Deed
—
Jan 10, 2005
$55,000
JR Developers LLC
Bisher,d K & Teresa L
Warranty Deed
related
$929,600 · Bank Of The Carolinas
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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