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    Property profile & analytics

    2377 Penny Rd Claremont, NC 28610-8719

    • Manufacturing properties
    • 60,975 SF
    • 4.28 lot acres
    OFF-MARKET
    Value Estimation
    $1,760,000
    Last Sale
    Aug 27, 2021
    $2,000,000
    Location Intelligence
    Property ID
    US53-2367588
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hickory Springs Manufacturing Co / Manufacturer / Spring Supplier
    • Coley Home Manufacturing / Furniture Manufacturer
    • Carolina Foam Insulation Inc / Insulation Contractor

    Property Details for 2377 Penny Rd

    Year built
    1991
    Lot size
    4.28 lot acres
    Property size
    60,975 SF
    Zone code
    M-1
    Property type
    Manufacturing properties
    APN
    3751-12-97-3035
    APU
    375112973035

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,220,000
      6.5%
      $1,865,000
      7%
      $2,235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,875,000
      Geo Method
      $2,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,395,000
      Retail
      $1,920,000
      Mixed-Use
      $1,880,000
      Hospitality
      $2,125,000
      Educational
      $1,935,000
      Residential Income
      $2,050,000
      Energy
      $1,760,000
      Income-Based Land
      $1,790,000
      Food Service
      $2,140,000

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.1581
    Latitude
    35.701
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,637
    $135,800
    $798,700
    $934,500
    -
    $135,800
    $798,700
    $934,500

    Comparable in this City

    • Value Estimation by Request
      12,320 SF

      4843 Depot St

      MANUFACTURING (LIGHT) • 12,320 SF
      4843 Depot St, Claremont, NC 28610-8549
      View Details
    • Value Estimation by Request
      31,936 SF

      3437 Main St

      MANUFACTURING (LIGHT) • 31,936 SF
      3437 Main St, Claremont, NC 28610-8672
      View Details
    • Value Estimation by Request
      368,024 SF

      2512 Penny Rd

      MANUFACTURING (LIGHT) • 368,024 SF
      2512 Penny Rd, Claremont, NC 28610-8634
      View Details
    • Value Estimation
      $760,000
      53,370 SF

      2860 Oxford St

      MANUFACTURING (LIGHT) • 53,370 SF
      2860 Oxford St, Claremont, NC 28610-9602
      View Details
    • Value Estimation
      $7,245,000
      440,896 SF

      2555 Penny Rd

      MANUFACTURING (LIGHT) • 440,896 SF
      2555 Penny Rd, Claremont, NC 28610-8634
      View Details
    • Value Estimation
      $255,000
      105,870 SF

      2725 Kelly Blvd

      MANUFACTURING (LIGHT) • 105,870 SF
      2725 Kelly Blvd, Claremont, NC 28610-7451
      View Details

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    2377 Penny Rd
    Claremont, NC 28610-8719
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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