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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Manufacturing properties
212 Nuway Packing Rd Forest City, NC 28043-3353
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2674583
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
30,048 SF
Lot
31.65 ac (1,378,674 SF)
Zoning code
M1
APN
1627823
UPID
US53-2674583
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.41M
Owner & transaction history
212 Nuway Packing Drive LLC · 4 yrs held
212 Nuway Packing Drive LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
M1 · Forest City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+148.9%
Warehouse, storage
$1.7M
+81.5%
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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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
$1,500,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$940,000
Current use
MEDICAL BUILDING
$2,335,000
Change: +149% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,705,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.45M (Jan 10 2022)
Last sale anchor
$1.45M
Jan 10 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
$47 / 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
$14,380
Tax year 2021
Assessed value
$1,677,900
Assessed 2023
Previous assessed
$1,677,900
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$305,200
Assessed improvement
$1,372,700
Land market value
$305,200
Improvement market value
$1,372,700
Total market value
$1,677,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1984
Heating
NONE
Buildings
10
Stories
1
Total area
30,048 SF
Lot
31.65 ac (1,378,674 SF)
Zoning code
M1
APN
1627823
UPID
US53-2674583
Jurisdiction
RUTHERFORD
Zoning & alternative use
M1 · Forest City, NC
Zoning M1 · permitted uses
M1 · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$940,000
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Heating
NONE
Stories
1
Buildings
10
Lot
31.65 ac
Current owner
From public records · entity-resolved
212 Nuway Packing Drive LLC
Entity
Free & Clear · 4 yrs held
Mailing address
325 W MAIN ST, BELLEVILLE, IL 62220-1505
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
212 Nuway Packing Drive LLC
—
Deed
related
$5,000,000 · Cadence Bank NA
Jun 4, 2024
—
212 Nuway Packing Drive LLC
—
Deed
related
$2,000,000 · Umb Bank NA
Jan 10, 2022
$1,450,000
212 Nuway Packing Drive LLC
Nuway Packing Real Estate LLC
Limited Warranty Deed
—
Aug 12, 2016
—
Nuway Packing Real Estate LLC
—
Deed
related
$15,000,000 · Mb Fin'l Bk
Aug 14, 2012
—
Nuway Packing Real Estate LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of America
Aug 13, 2012
$1,600,000
Nuway Packing Real Estate LLC
212 Nuway Packing LLC
Grant Deed
related
$1,200,000 · Bank Of America
Jun 10, 2011
$2,000,000
212 Nuway Packing LLC
Simeus International-forest Ci
Warranty Deed
$2,000,000 · 755 Corp
Jun 6, 2011
$2,000,000
212 Nuway Packing LLC
Simeus International Forest City INC
Grant Deed
—
—
—
Nuway Packing Real Estate LLC
—
Loan Modification
related
$1,200,000 · Bank Of America
—
—
Nuway Packing Real Estate LLC
—
Deed Of Trust
related
$15,000,000 · Mb Fin'l Bk
—
—
212 Nuway Packing LLC
—
Deed Of Trust
related
$2,500,000 · 755
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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