New search
Property profile & analytics
OFF-MARKET
Estimated value
$37,530,000
Warehouses
202 Gildan Dr, Mocksville, NC 27028-4274
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0000994
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
324,000 SF
Lot
23.65 ac (1,030,194 SF)
APN
H30000009209
UPID
US53-0000994
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
$35.12M
Comparable Approach
Comparable
$24.38M
Blend (final)
Blend
$37.53M
Owner & transaction history
Newington Crown LP · 4 yrs held
Newington Crown LP
since 2021
Last sale
$36.7M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$46.3M
+176.6%
Retail stores
$37.1M
+121.5%
Commercial (general)
$34.4M
+105.2%
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 Mocksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mocksville 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
$41,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,045,000
6.5%
$35,120,000
7%
$32,610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$46,330,000
Change: +177% · Conversion: Difficult
RETAIL STORES
$37,095,000
Change: +121% · Conversion: Moderate
COMMERCIAL (GENERAL)
$34,370,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,845,000
Change: +78% · Conversion: Easy
RESTAURANT
$27,350,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,255,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$37.53M
Range $33.78M – $41.28M · ±10% · vs last sale $36.74M (Oct 28 2021)
Last sale anchor
$36.74M
Oct 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
$116 / 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
$207,175
Tax year 2024
Assessed value
$19,489,680
Assessed 2024
Previous assessed
$19,489,680
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$520,200
Assessed improvement
$18,969,480
Land market value
$520,200
Improvement market value
$18,969,480
Total market value
$19,489,680
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
324,000 SF
Lot
23.65 ac (1,030,194 SF)
APN
H30000009209
UPID
US53-0000994
Jurisdiction
DAVIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$46.3M
RETAIL STORES
Est. value
$37.1M
COMMERCIAL (GENERAL)
Est. value
$34.4M
AUTO REPAIR, GARAGE
Est. value
$29.8M
RESTAURANT
Est. value
$27.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.3M
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
23.65 ac
Current owner
From public records · entity-resolved
Newington Crown LP
Entity
Mailing address
2900 LINDEN LN STE #300, SILVER SPRING, MD 20910-1265
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$36,737,000
Newington Crown LP
Davie Industrial Center LLC
Special Warranty Deed
$18,000,000 · Equitrust Life Insurance Company
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 202 Gildan Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
