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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
2105 Nwnw Blvd Newton, NC 28658-3723
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-5780447
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
7,524 SF
Lot
0.38 ac (16,553 SF)
Zoning code
B-4
APN
3731-20-81-2094
UPID
US53-5780447
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
$765k
Blend (final)
Blend
$800k
Owner & transaction history
Walling Development LLC · 18 yrs held
Walling Development LLC
since 2007
4 recorded transactions
Zoning & alternative use
B-4 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-4 districts are intended to provide for a mixture of retail, service, transportation, storage and related activities which do not require a central location.
Zone name
General Business
General category
COMMERCIAL
Zone area
231.40 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$880,000
+28.5%
Auto repair, garage
$765,000
+11.8%
Retail stores
$725,000
+6.0%
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 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$106 / 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
$4,805
Tax year 2023
Assessed value
$566,300
Assessed 2023
Previous assessed
$566,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$66,200
Assessed improvement
$500,100
Land market value
$66,200
Improvement market value
$500,100
Total market value
$566,300
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
2008
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,524 SF
Lot
0.38 ac (16,553 SF)
Zoning code
B-4
APN
3731-20-81-2094
UPID
US53-5780447
Jurisdiction
CATAWBA
Zoning & alternative use
B-4 · Newton, NCZoning B-4 · permitted uses
B-4 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-4 districts are intended to provide for a mixture of retail, service, transportation, storage and related activities which do not require a central location.
Zone name
General Business
General category
COMMERCIAL
Zone area
231.40 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RETAIL STORES
Est. value
$725,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
2008
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Walling Development LLC
Entity
Mailing address
PO BOX 492, SHERRILLS FORD, NC 28673-0492
Ownership since
2007
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
Jan 11, 2022
—
Monroe Pannell
—
Deed
related
$718,250 · Peoples Bank
Dec 9, 2016
—
Wallintg Development LLC
—
Deed
related
$775,000 · Peoples Bank
Sep 7, 2007
$153,650
Walling Development LLC
E-z Paper INC
Trustees Deed
related
$245,000 · Peoples Bank
—
—
Walling Development LLC
—
Deed Of Trust
related
$550,000 · Peoples Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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