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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office buildings
240 Battleground Rd Grover, NC 28073
Individually Owned
16-yr Hold
Free & Clear
Property ID
US53-2827242
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
5,143 SF
Lot
199.95 ac (8,709,822 SF)
Zoning code
LI
APN
10508
UPID
US53-2827242
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
$1.16M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.10M
Owner & transaction history
Shiloh Burying Ground · 16 yrs held
Shiloh Burying Ground
since 2010
4 recorded transactions
Zoning & alternative use
LI · Grover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of Light Industrial district is to accommodate limited manufacturing, warehousing, wholesaling, and related commercial and service activities which have little or no adverse impact upon adjoining residential, business and industrial properties. Other land uses allowed within this district should be limited to those uses that support light industr…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
40.48 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.2M
+87.3%
Restaurant
$1.0M
+65.9%
Medical building
$705,000
+15.2%
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 Grover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover 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%
$1,255,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,150,000
Change: +87% · Conversion: Easy
RESTAURANT
$1,020,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$705,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$213 / 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
$21,049
Tax year 2024
Assessed value
$1,647,622
Assessed 2023
Previous assessed
$1,647,622
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$881,550
Assessed improvement
$766,072
Land market value
$881,550
Improvement market value
$766,072
Total market value
$1,647,622
Applied tax rate
63.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
5,143 SF
Lot
199.95 ac (8,709,822 SF)
Zoning code
LI
APN
10508
UPID
US53-2827242
Jurisdiction
CLEVELAND
Zoning & alternative use
LI · Grover, NCZoning LI · permitted uses
LI · Grover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of Light Industrial district is to accommodate limited manufacturing, warehousing, wholesaling, and related commercial and service activities which have little or no adverse impact upon adjoining residential, business and industrial properties. Other land uses allowed within this district should be limited to those uses that support light industrial uses.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
40.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2011
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
199.95 ac
Current owner
From public records · entity-resolved
Shiloh Burying Ground
Individual
Free & Clear · 16 yrs held
Mailing address
241 RALPH MCGILL BLVD NE, ATLANTA, GA 30308-3374
Ownership since
2010
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
Jan 25, 2010
—
Shiloh Burying Ground
Southern Power Co
Grant Deed
—
Dec 16, 2009
—
Joel Etal Rountree
Southern Power Co
Grant Deed
related
—
Sep 30, 2005
—
Cleveland County Kings Mtn LLC
Parker Poe Adams & Bernstein
Quit Claim Deed
related
—
Sep 30, 2005
$1,290,000
Cleveland County Kings Mtn LLC
Harper,douglas L & Madeline A
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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