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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Industrial properties
2195 Chespark Dr, Gastonia, NC 28052-9133
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2220427
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
11,139 SF
Lot
4.89 ac (213,008 SF)
Zoning code
INDS2
APN
135901
UPID
US53-2220427
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
$601k
Blend (final)
Blend
$570k
Owner & transaction history
Tt Manufacturing LLC · 3 yrs held
Tt Manufacturing LLC
since 2023
7 recorded transactions
Zoning & alternative use
INDS2 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+95.8%
Auto repair, garage
$905,000
+93.1%
Retail stores
$535,000
+14.6%
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)
$470,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$905,000
Change: +93% · Conversion: Easy
RETAIL STORES
$535,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$51 / 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
$4,503
Tax year 2024
Assessed value
$421,210
Assessed 2024
Previous assessed
$337,870
+24.7% YoY
Effective rate
1.07%
On assessed value
Assessed land
$93,900
Assessed improvement
$327,310
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
1985
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
11,139 SF
Lot
4.89 ac (213,008 SF)
Zoning code
INDS2
APN
135901
UPID
US53-2220427
Jurisdiction
GASTON
Zoning & alternative use
INDS2 · Gastonia, NC
Zoning INDS2 · permitted uses
INDS2 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$905,000
RETAIL STORES
Est. value
$535,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
4.89 ac
Current owner
From public records · entity-resolved
Tt Manufacturing LLC
Entity
Mailing address
1451 W DELTA DR, GASTONIA, NC 28052-5414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Tt Manufacturing LLC
Chespark II LLC
Lease
—
Feb 3, 2023
$790,000
Chespark II LLC
Robert M Rice
Special Warranty Deed
$1,001,250 · First Bank
Feb 3, 2023
—
Crespark II LLC
Robert M Rice
Warranty Deed
—
Dec 16, 2009
—
Robert Rice
Rice,robert M
Quit Claim Deed
related
$548,623 · Fidelity Bank NA
—
—
Robert M Rice
—
Deed Of Trust
related
$365,000 · Alliance Bank & Trust Co
—
—
Robert M Rice
—
Deed Of Trust
related
$79,000 · Branch Bk&tr
—
—
Robert M Rice
—
Deed Of Trust
related
$345,000 · Branch Banking & Trust Co
—
—
Robert M Rice
—
Deed Of Trust
related
$230,000 · Alliance 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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