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Property profile & analytics
OFF-MARKET
Estimated value
$9,600,000
Industrial properties
235 Riv Rd, Rockingham, NC 28379-4252
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3748262
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1973
Total area
156,574 SF
Lot
27.74 ac (1,208,354 SF)
Zoning code
B3
APN
746207594532
UPID
US53-3748262
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
-
Mt.vernon Parking Lot & Garage
-
Wade Manufacturing Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.60M
Owner & transaction history
Store Capital Acquisitions LLC · 3 yrs held
Store Capital Acquisitions LLC
since 2023
Last sale
$9.5M
4 recorded transactions
Zoning & alternative use
B3 · Rockingham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rockingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockingham 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
$10,330,000
ML approach
$9,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.60M
Range $8.64M – $10.56M · ±10% · vs last sale $9.50M (Mar 28 2023)
Last sale anchor
$9.50M
Mar 28 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
$61 / 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
$37,661
Tax year 2024
Assessed value
$5,021,429
Assessed 2024
Previous assessed
$4,240,291
+18.4% YoY
Effective rate
0.75%
On assessed value
Assessed land
$163,658
Assessed improvement
$4,857,771
Land market value
$163,658
Improvement market value
$4,857,771
Total market value
$5,021,429
Applied tax rate
106.0000
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
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
156,574 SF
Lot
27.74 ac (1,208,354 SF)
Zoning code
B3
APN
746207594532
UPID
US53-3748262
Jurisdiction
RICHMOND
Zoning & alternative use
B3 · Rockingham, NC
Zoning B3 · permitted uses
B3 · Rockingham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
27.74 ac
Current owner
From public records · entity-resolved
Store Capital Acquisitions LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$9,500,000
Store Capital Acquisitions LLC
Mount Vernon Mills INC
Warranty Deed
$9,500,000 · Citibank NA
Mar 28, 2023
—
Mount Vernon Mills INC
Store Capital Acquisitions LLC
Lease
—
Apr 21, 2022
—
Mount Vernon Mills INC
—
Deed
related
—
Feb 16, 2022
$4,500,000
Mount Vernon Mills INC
Wade Manufacturing Company
Special Warranty Deed
—
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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