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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Manufacturing properties
1968 High Definition Dr, Connelly Springs, NC 28612-7010
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2894990
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
WOOD FRAME
Total area
35,236 SF
Lot
4.92 ac (214,315 SF)
Zoning code
LIGHT INDUSTRIAL DIST
APN
12149
UPID
US53-2894990
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$533k
Blend (final)
Blend
$575k
Owner & transaction history
Dyers Tooling House LLC · 12 yrs held
Dyers Tooling House LLC
since 2013
3 recorded transactions
Zoning & alternative use
LIGHT INDUSTRIAL DIST · Connelly Springs, 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 Connelly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Connelly Springs 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$700,000
Current use
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$16 / 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
$3,883
Tax year 2024
Assessed value
$571,020
Assessed 2024
Previous assessed
$571,020
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$51,900
Assessed improvement
$519,120
Land market value
$51,900
Improvement market value
$519,120
Total market value
$571,020
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
4
Total area
35,236 SF
Lot
4.92 ac (214,315 SF)
Zoning code
LIGHT INDUSTRIAL DIST
APN
12149
UPID
US53-2894990
Jurisdiction
BURKE
Zoning & alternative use
LIGHT INDUSTRIAL DIST · Connelly Springs, NC
Zoning LIGHT INDUSTRIAL DIST · permitted uses
LIGHT INDUSTRIAL DIST · Connelly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Connelly Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$700,000
INDUSTRIAL (GENERAL) 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
1975
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
4
Lot
4.92 ac
Current owner
From public records · entity-resolved
Dyers Tooling House LLC
Entity
Mailing address
1295 HILLTOP RD NW, NEW PHILADELPHIA, OH 44663-1367
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2013
$390,000
Dyers Tooling House LLC
Lynn,tony L & Janice P
Warranty Deed
$300,000 · Tony L Lynn
Aug 27, 2013
$390,000
Dyers Tooling House LLC
Lynn,tony Lee
Grant Deed
$300,000 · Tony Lynn
Jun 15, 2005
—
Tony L Lynn
Owner Name Unavailable
Grant Deed
related
—
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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