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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Manufacturing properties
2336th Rd Rd, Denton, NC 27239-7542
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5732289
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,650 SF
Lot
33.93 ac (1,477,991 SF)
Zoning code
RA1
APN
07-035-0-000-0004
UPID
US53-5732289
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
$1.31M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.07M
Owner & transaction history
Ultra Mek INC · 3 yrs held
Ultra Mek INC
since 2023
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
RA1 · Denton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+62.9%
Auto repair, garage
$980,000
+33.6%
Commercial (general)
$950,000
+29.2%
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 Denton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denton 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
$1,120,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
OFFICE BUILDING
$1,195,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$950,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$820,000
Change: +12% · Conversion: Easy
RETAIL STORES
$725,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.10M (Jan 5 2023)
Last sale anchor
$1.10M
Jan 5 2023
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
$73 / 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
$8,712
Tax year 2023
Assessed value
$764,230
Assessed 2023
Previous assessed
$764,230
+0.0% YoY
Effective rate
1.14%
On assessed value
Land market value
$215,200
Improvement market value
$549,030
Total market value
$764,230
Applied tax rate
7.0000
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
14,650 SF
Lot
33.93 ac (1,477,991 SF)
Zoning code
RA1
APN
07-035-0-000-0004
UPID
US53-5732289
Jurisdiction
DAVIDSON
Zoning & alternative use
RA1 · Denton, NC
Zoning RA1 · permitted uses
RA1 · Denton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$820,000
RETAIL STORES
Est. value
$725,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
33.93 ac
Current owner
From public records · entity-resolved
Ultra Mek INC
Entity
Free & Clear · 3 yrs held
Mailing address
550 FOX HOLW LN, SALISBURY, NC 28146-9000
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
$1,100,000
Ultra Mek INC
Malcolm D Martin
Warranty Deed
—
Aug 11, 2017
—
G O Surratt
Surratt,g O & Ava L
Quit Claim Deed
related
—
Jun 1, 2006
$250,000
Malcolm D Martin
Terrell Bros Mfg INC
Warranty Deed
$225,000 · High Point Bank & Trust Co
—
—
Malcolm D Martin
—
Deed Of Trust
related
$100,000 · First Bank
—
—
Martin,malcolm D & Ramona G
—
Deed Of Trust
related
$55,862 · First Bk
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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