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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
188 Gardner Rd, Denton, NC 27239-7537
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-1980552
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
10,200 SF
Lot
21.03 ac (916,067 SF)
Zoning code
LI
APN
07-036-0-000-0028
UPID
US53-1980552
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
$688k
Blend (final)
Blend
$585k
Owner & transaction history
Ferrell & Loflin Props LLC · 12 yrs held
Ferrell & Loflin Props LLC
since 2014
2 recorded transactions
Zoning & alternative use
LI · Denton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+45.5%
Auto repair, garage
$685,000
+19.2%
Commercial (general)
$660,000
+15.3%
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
WAREHOUSE, STORAGE
$570,000
Current use
OFFICE BUILDING
$835,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$625,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$510,000
Change: -11% · Conversion: Easy
RETAIL STORES
$505,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$57 / 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
$2,624
Tax year 2023
Assessed value
$410,000
Assessed 2023
Previous assessed
$410,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$262,880
Improvement market value
$147,120
Total market value
$410,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
10,200 SF
Lot
21.03 ac (916,067 SF)
Zoning code
LI
APN
07-036-0-000-0028
UPID
US53-1980552
Jurisdiction
DAVIDSON
Zoning & alternative use
LI · Denton, NC
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$625,000
INDUSTRIAL (GENERAL)
Est. value
$510,000
RETAIL STORES
Est. value
$505,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
21.03 ac
Current owner
From public records · entity-resolved
Ferrell & Loflin Props LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1382 CRANFORD RD, DENTON, NC 27239-8952
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2014
$190,000
Ferrell & Loflin Props LLC
Schwarz & ^ Schwarz LLC
Warranty Deed
—
Jul 2, 2007
—
Schwarz & Schwarz Holdings LLC
—
Deed Of Trust
related
$1,846,800 · Carolina 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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