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Property profile & analytics
OFF-MARKET
Estimated value
$8,075,000
Industrial properties
212 Commerce Ctr Dr, Shelby, NC 28150
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2886035
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Total area
81,652 SF
Lot
7 ac (304,789 SF)
Zoning code
HI
APN
57536
UPID
US53-2886035
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
$8.08M
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
$10.12M
Blend (final)
Blend
$8.08M
Owner & transaction history
Ipxii Cardinal Kings Mountain Owner · 2 yrs held
Ipxii Cardinal Kings Mountain Owner
since 2024
Last sale
$8.1M
6 recorded transactions
Zoning & alternative use
HI · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.2M
+76.3%
Office building
$10.7M
+68.0%
Auto repair, garage
$10.0M
+57.7%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
$8,075,000
ML approach
$8,075,000
CAP Approach
CAP Return
Estimation
6%
$8,255,000
6.5%
$7,620,000
7%
$7,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,365,000
Current use
MEDICAL BUILDING
$11,220,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$10,695,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,040,000
Change: +58% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,920,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$5,690,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$8.08M
Range $7.27M – $8.88M · ±10% · vs last sale $8.08M (Mar 7 2024)
Last sale anchor
$8.08M
Mar 7 2024
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
$99 / 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
$28,181
Tax year 2024
Assessed value
$3,544,746
Assessed 2023
Previous assessed
$3,544,746
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$126,238
Assessed improvement
$3,418,508
Land market value
$126,238
Improvement market value
$3,418,508
Total market value
$3,544,746
Applied tax rate
63.0000
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
2004
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
81,652 SF
Lot
7 ac (304,789 SF)
Zoning code
HI
APN
57536
UPID
US53-2886035
Jurisdiction
CLEVELAND
Zoning & alternative use
HI · Shelby, NC
Zoning HI · permitted uses
HI · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RETAIL STORES
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2004
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Ipxii Cardinal Kings Mountain Owner
Individual
Mailing address
280 PARK AVE FL #300, NEW YORK, NY 10017-1274
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$8,075,000
Ipxii Cardinal Kings Mountain Owner
Charlotte Ind Ll LLC
Special Warranty Deed
$75,000,000 · Peoples Bank & Trust Co Of Pickett
Sep 17, 2019
$5,540,000
Charlotte Ind Ll LLC
212 Commerce Boulevard LLC
Grant Deed
$97,000,000 · Canadian Imperial Bk/commerc
Dec 28, 2012
$5,300,000
212 Commerce Boulevard LLC
Tkc Xcviii LLC
Grant Deed
—
Dec 27, 2012
$5,300,000
212 Commerce Boulevard LLC
Tkc Xcviii LLC
Grant Deed
—
Apr 12, 2006
$1,512,500
Tkc Xcviil LLC
Mra Kings Moutain LLC
Warranty Deed
—
—
—
Tkc Xcviii LLC
—
Deed Of Trust
related
$3,500,000 · Branch Banking & 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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