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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Manufacturing properties
2301 Brown Rd, Sanford, NC 27330-8679
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2517364
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1980
Total area
10,000 SF
Lot
20.97 ac (913,453 SF)
Zoning code
HEAVY INDUSTRIAL
APN
9645-15-5975-00
UPID
US53-2517364
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
Current use
Occupant on record · Public records
-
2301 B Warehouse ECSI Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$790k
Owner & transaction history
Northview Group LLC · 9 yrs held
Northview Group LLC
since 2017
3 recorded transactions
Zoning & alternative use
HEAVY INDUSTRIAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+68.2%
Retail stores
$740,000
+15.1%
Neighborhood: shopping center
$680,000
+5.8%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$640,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$625,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$79 / 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
$11,027
Tax year 2024
Assessed value
$1,469,800
Assessed 2024
Previous assessed
$1,469,800
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$367,000
Assessed improvement
$1,102,800
Land market value
$367,000
Improvement market value
$1,102,800
Total market value
$1,469,800
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
4
Stories
1
Total area
10,000 SF
Lot
20.97 ac (913,453 SF)
Zoning code
HEAVY INDUSTRIAL
APN
9645-15-5975-00
UPID
US53-2517364
Jurisdiction
LEE
Zoning & alternative use
HEAVY INDUSTRIAL · Sanford, NC
Zoning HEAVY INDUSTRIAL · permitted uses
HEAVY INDUSTRIAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$625,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1980
Heating
NONE
Stories
1
Buildings
4
Lot
20.97 ac
Current owner
From public records · entity-resolved
Northview Group LLC
Entity
Mailing address
509 AMOS BRIDGES RD, SANFORD, NC 27330-6500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
—
Northview Group LLC
—
Deed
related
$300,000 · Branch Bk&tr
Jul 3, 2017
$15,000
Northview Group LLC
C P Properties INC
Warranty Deed
—
—
—
Northview Group LLC
—
Deed Of Trust
related
$300,000 · Branch Bk&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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