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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
2142 College Ave Newton, NC 28658-2136
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0856571
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
15,842 SF
Lot
1.67 ac (72,745 SF)
Zoning code
M-1
APN
3741-17-21-0574
UPID
US53-0856571
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
$697k
Blend (final)
Blend
$645k
Owner & transaction history
Mennel Milling & Bakery Mix Of N Ca · 1 yrs held
Mennel Milling & Bakery Mix Of N Ca
since 2024
5 recorded transactions
Zoning & alternative use
M-1 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxious to urban areas because of noise, odors, smoke, light, dust or the use of dangerous material.
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
810.56 ac
Source
Realmo
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
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$41 / 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
$5,922
Tax year 2023
Assessed value
$697,900
Assessed 2023
Previous assessed
$697,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$65,500
Assessed improvement
$632,400
Land market value
$65,500
Improvement market value
$632,400
Total market value
$697,900
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
1964
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
15,842 SF
Lot
1.67 ac (72,745 SF)
Zoning code
M-1
APN
3741-17-21-0574
UPID
US53-0856571
Jurisdiction
CATAWBA
Zoning & alternative use
M-1 · Newton, NCZoning M-1 · permitted uses
M-1 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxious to urban areas because of noise, odors, smoke, light, dust or the use of dangerous material.
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
810.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Mennel Milling & Bakery Mix Of N Ca
Individual
Free & Clear · 1 yrs held
Mailing address
11 N BRADY AVE, NEWTON, NC 28658-3245
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
Mennel Milling & Bakery Mix Of
—
Deed
related
$15,000,000 · Commerce Bank
Dec 2, 2024
—
Mennel Milling & Bakery Mix Of N Ca
Renwood Mills LLC
Deed
—
Oct 30, 2024
—
Mennel Milling & Bakery Mix Of Nc L
Renwood Mills LLC
Deed
—
Jun 17, 2013
—
Renwood Mills LLC
—
Deed Of Trust
related
$13,000,000 · Privatebank & Tr
—
—
Renwood Mills LLC
—
Loan Modification
related
$20,000,000 · Privatebank & 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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