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Property profile & analytics
OFF-MARKET
Estimated value
$3,195,000
Manufacturing properties
207 Oakland Rd, Spindale, NC 28160-2117
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2579579
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
127,312 SF
Lot
9.27 ac (403,801 SF)
Zoning code
HCI
APN
1602694
UPID
US53-2579579
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
-
Cardinal Tissue Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Cardinal 207 Oakland Road LLC · 4 yrs held
Cardinal 207 Oakland Road LLC
since 2022
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
HCI · Spindale, 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 Spindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spindale 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
$3,365,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,975,000
Current use
Blend value · Realmo final
$3.20M
Range $2.88M – $3.51M · ±10% · vs last sale $3.25M (Apr 28 2022)
Last sale anchor
$3.25M
Apr 28 2022
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
$25 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$19,288
Tax year 2021
Assessed value
$1,507,900
Assessed 2023
Previous assessed
$1,507,900
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$182,700
Assessed improvement
$1,325,200
Land market value
$182,700
Improvement market value
$1,325,200
Total market value
$1,507,900
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
PARTIAL
Stories
1
Total area
127,312 SF
Lot
9.27 ac (403,801 SF)
Zoning code
HCI
APN
1602694
UPID
US53-2579579
Jurisdiction
RUTHERFORD
Zoning & alternative use
HCI · Spindale, NC
Zoning HCI · permitted uses
HCI · Spindale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spindale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
9.27 ac
Current owner
From public records · entity-resolved
Cardinal 207 Oakland Road LLC
Entity
Mailing address
207 OAKLAND RD, SPINDALE, NC 28160-2117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Oct 28, 2025
—
Cardinal 207 Oakland Road LLC
—
Deed
related
$3,972,000 · Truist Bank
Apr 28, 2022
$3,250,000
Cardinal 207 Oakland Road LLC
Spindale Oakland LLC
Warranty Deed
$3,250,000 · Carter Bank & Trust
May 11, 2010
—
Spindale Oakland LLC
Godley,fred D
Grant Deed
$1,800,000 · Carter Bank & Trust
Jul 23, 2007
$600,000
Fred D Godley
Joan Fabrics Corp
Grant 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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