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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Office buildings
2066 Industrial Dr Newton, NC 28658-7703
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1869861
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
39,905 SF
Lot
5.39 ac (234,788 SF)
Zoning code
M-1
APN
3731-17-22-0277
UPID
US53-1869861
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
$1.11M
Blend (final)
Blend
$1.17M
Owner & transaction history
Jl Properties LLC · 5 yrs held
Jl Properties LLC
since 2021
4 recorded transactions
Zoning & alternative use
M-1 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxious to urban areas because of noise, odors, smoke, light, dust or the use of dangerous material.
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
810.56 ac
Source
Realmo
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$29 / 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
$9,433
Tax year 2023
Assessed value
$1,111,700
Assessed 2023
Previous assessed
$1,111,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$140,100
Assessed improvement
$971,600
Land market value
$140,100
Improvement market value
$971,600
Total market value
$1,111,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
39,905 SF
Lot
5.39 ac (234,788 SF)
Zoning code
M-1
APN
3731-17-22-0277
UPID
US53-1869861
Jurisdiction
CATAWBA
Zoning & alternative use
M-1 · Newton, NCZoning M-1 · permitted uses
M-1 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxious to urban areas because of noise, odors, smoke, light, dust or the use of dangerous material.
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
810.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
5.39 ac
Current owner
From public records · entity-resolved
Jl Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4047 HARBOUR CT, GRANITE FALLS, NC 28630-9508
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
—
Jl Properties LLC
—
Deed
related
$500,000 · First Community Bank
Apr 28, 2021
—
Jl Properties LLC
Hotrod Dynamics LLC
Warranty Deed
—
Dec 18, 2020
$890,000
Hilrod Eynamice LLC
Mid County LLC
Warranty Deed
$340,000 · First Community Bank
Dec 19, 2016
$350,000
Mid County LLC
Mid County Associates INC
Warranty Deed
—
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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