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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Industrial properties
209 Hancock St Gastonia, NC 28054-4661
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1842333
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
34,913 SF
Lot
4.52 ac (196,891 SF)
Zoning code
INDS2
APN
104696
UPID
US53-1842333
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
-
Henry Fibers Inc Logistics Company
-
Chalmers & Kubeck Dental Office
-
Chalmers and Kubeck South Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$1.96M
Owner & transaction history
Ckh LLC · 8 yrs held
Ckh LLC
since 2017
4 recorded transactions
Zoning & alternative use
INDS2 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+133.0%
Auto repair, garage
$2.8M
+113.9%
Retail stores
$1.7M
+27.0%
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 Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,325,000
Current use
RESTAURANT
$3,085,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,835,000
Change: +114% · Conversion: Easy
RETAIL STORES
$1,680,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±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
$56 / 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
$16,852
Tax year 2024
Assessed value
$1,576,470
Assessed 2024
Previous assessed
$1,576,470
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$198,880
Assessed improvement
$1,377,590
Applied tax rate
180.0000
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
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
34,913 SF
Lot
4.52 ac (196,891 SF)
Zoning code
INDS2
APN
104696
UPID
US53-1842333
Jurisdiction
GASTON
Zoning & alternative use
INDS2 · Gastonia, NCZoning INDS2 · permitted uses
INDS2 · Gastonia, NC
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
4.52 ac
Current owner
From public records · entity-resolved
Ckh LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1050 INDUSTRIAL BLVD, WATKINSVILLE, GA 30677-2700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 27, 2019
—
Ckh LLC
—
Deed
related
$1,061,142 · South State Bank
Jun 21, 2018
—
Ckh LLC
—
Deed
related
$375,000 · Fidelity National Title Insurance
Nov 7, 2017
$1,475,000
Ckh LLC
Henry Fibers INC
Warranty Deed
—
Nov 7, 2017
—
Ckh LLC
Henry Fibers INC
Warranty Deed
$1,106,250 · First American Bank & Trust Co
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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