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Property profile & analytics
OFF-MARKET
Estimated value
$4,815,000
Industrial properties
209 Broadpointe Dr Mills River, NC 28759-4995
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1907696
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
107,550 SF
Lot
10.25 ac (446,490 SF)
Zoning code
9962194~MR-LI
APN
9642261471
UPID
US53-1907696
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
$5.80M
Blend (final)
Blend
$4.82M
Owner & transaction history
Prince Manufacturing Corporation No · 1 yrs held
Prince Manufacturing Corporation No
since 2025
5 recorded transactions
Zoning & alternative use
9962194~MR-LI · Mills River, 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 Mills River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mills River 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
$4.82M
Range $4.33M – $5.30M · ±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
$45 / 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
Property tax & assessments
Assessed value
$4,583,100
Assessed 2024
Previous assessed
$4,583,100
+0.0% YoY
Assessed land
$1,116,200
Assessed improvement
$3,466,900
Land market value
$1,116,200
Improvement market value
$3,466,900
Total market value
$4,583,100
Applied tax rate
60.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Stories
1
Total area
107,550 SF
Lot
10.25 ac (446,490 SF)
Zoning code
9962194~MR-LI
APN
9642261471
UPID
US53-1907696
Jurisdiction
HENDERSON
Zoning & alternative use
9962194~MR-LI · Mills River, NC
Zoning 9962194~MR-LI · permitted uses
9962194~MR-LI · Mills River, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mills River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.25 ac
Current owner
From public records · entity-resolved
Prince Manufacturing Corporation No
Entity
Mailing address
203 W MAIN ST STE A3, LEXINGTON, SC 29072-2670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 7, 2025
—
Prince Manufacturing Corporation No
—
Deed
related
$4,300,000 · Fifth Third Bank NA
Mar 23, 2023
—
Prince Manufacturing Corporation Nc
—
Deed
related
—
Sep 21, 2018
—
Prince Mfg Corp N Carolina
—
Deed
related
$3,740,000 · Branch Bk&tr
—
—
Prince Manufacturing Corp Of Nc
—
Loan Modification
related
$7,500,000 · Huntington Nat'l Bk
—
—
Prince Mfg Corp N Carolina
—
Deed Of Trust
related
$3,740,000 · Branch Bk&tr
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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