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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
22 Main Ave Newton, NC 28658-3354
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0265202
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Total area
17,628 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-3
APN
3730-16-93-6440
UPID
US53-0265202
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$580k
Owner & transaction history
L Macon Yount LLC · 4 yrs held
L Macon Yount LLC
since 2022
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
B-3 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the B-3 district is to support the central business district as a hub for commercial, financial, professional, governmental, and cultural activities through appropriate development regulations.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
42.79 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
$485,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Jan 7 2022)
Last sale anchor
$600k
Jan 7 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
$33 / 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
$5,351
Tax year 2023
Assessed value
$461,300
Assessed 2023
Previous assessed
$630,600
-26.8% YoY
Effective rate
1.16%
On assessed value
Assessed land
$91,500
Assessed improvement
$369,800
Land market value
$91,500
Improvement market value
$369,800
Total market value
$461,300
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
1939
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
1
Total area
17,628 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-3
APN
3730-16-93-6440
UPID
US53-0265202
Jurisdiction
CATAWBA
Zoning & alternative use
B-3 · Newton, NCZoning B-3 · permitted uses
B-3 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the B-3 district is to support the central business district as a hub for commercial, financial, professional, governmental, and cultural activities through appropriate development regulations.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
42.79 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1939
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
L Macon Yount LLC
Entity
Mailing address
248 9TH AVE DR NE, HICKORY, NC 28601-3828
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$600,000
L Macon Yount LLC
South Square Associates
Warranty Deed
$400,000 · Peoples Bank
Jan 7, 2022
—
South Square Associates
Michael P Weddell
Quit Claim Deed
related
—
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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