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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
1920 Aspen St Lincolnton, NC 28092-7232
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0840847
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Construction
FRAME
Total area
19,200 SF
Lot
0.56 ac (24,219 SF)
Zoning code
RMF
APN
21611
UPID
US53-0840847
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
-
Consolidated Electrical Distributors Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$515k
Owner & transaction history
Wade Roberts · 4 yrs held
Wade Roberts
since 2021
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
RMF · Lincolnton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
sidential District 153.106 R-15 Single-Family Low Density Residential District 153.107 R-10 Single-Family Medium Density Residential District 153.108 R-8 Single and Two-Family Medium Density Residential District 153.109 RMF Residential Multi-Family District 153.110 R-O Residential Office District 153.111 O-I Office Institutional District 153.112 N-B Neighbor…
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
413.77 ac
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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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
$515,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$505,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $675k (Sep 28 2021)
Last sale anchor
$675k
Sep 28 2021
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
$27 / 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
$6,734
Tax year 2024
Assessed value
$662,062
Assessed 2024
Previous assessed
$662,062
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$107,030
Assessed improvement
$555,032
Land market value
$107,030
Improvement market value
$555,032
Total market value
$662,062
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
19,200 SF
Lot
0.56 ac (24,219 SF)
Zoning code
RMF
APN
21611
UPID
US53-0840847
Jurisdiction
LINCOLN
Zoning & alternative use
RMF · Lincolnton, NCZoning RMF · permitted uses
RMF · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
sidential District 153.106 R-15 Single-Family Low Density Residential District 153.107 R-10 Single-Family Medium Density Residential District 153.108 R-8 Single and Two-Family Medium Density Residential District 153.109 RMF Residential Multi-Family District 153.110 R-O Residential Office District 153.111 O-I Office Institutional District 153.112 N-B Neighborhood Business District 153.113 C-B Central Business District 153.114 CBT Central Bu
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
413.77 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$505,000
WAREHOUSE, STORAGE Current
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
1972
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wade Roberts
Individual
Mailing address
1311 FINGER MERRICK TRL, LINCOLNTON, NC 28092-9073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 28, 2021
$675,000
Wade Roberts
Ernest And Mary Carpenter Revocable
Warranty Deed
$540,000 · First Federal Savings Bank Of Linco
May 12, 2006
—
Mabel R Carpenter
Carpenter Ernest C Trust
Quit Claim Deed
related
—
Sep 27, 2005
—
Carpenter Ernest C Trust
Carpenter,ernest C
Quit Claim Deed
related
—
—
—
Carpenter E & M Living Trust
—
Deed Of Trust
related
$529,000 · First Fsb Lincolnton
—
—
Carpenter Ernest C Trust
—
Deed Of Trust
related
$442,142 · First Charter 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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