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Property profile & analytics
OFF-MARKET
Estimated value
$7,445,000
Warehouses
241 Vance St, Forest City, NC 28043-2900
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2654916
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
6,000 SF
Lot
24.43 ac (1,064,171 SF)
Zoning code
R6
APN
1637706
UPID
US53-2654916
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
$7.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.45M
Owner & transaction history
Jamcs Burke Holdings LLC · 3 yrs held
Jamcs Burke Holdings LLC
since 2023
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
R6 · Forest City, 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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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
$9,180,000
ML approach
$7,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.45M
Range $6.70M – $8.19M · ±10% · vs last sale $6.75M (Feb 10 2023)
Last sale anchor
$6.75M
Feb 10 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
$1,241 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$19,174
Tax year 2021
Assessed value
$2,256,300
Assessed 2023
Previous assessed
$2,256,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$441,800
Assessed improvement
$1,814,500
Land market value
$441,800
Improvement market value
$1,814,500
Total market value
$2,256,300
Applied tax rate
4.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
9
Stories
1
Bathrooms
10
Total area
6,000 SF
Lot
24.43 ac (1,064,171 SF)
Zoning code
R6
APN
1637706
UPID
US53-2654916
Jurisdiction
RUTHERFORD
Zoning & alternative use
R6 · Forest City, NC
Zoning R6 · permitted uses
R6 · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Buildings
9
Bathrooms
10
Lot
24.43 ac
Current owner
From public records · entity-resolved
Jamcs Burke Holdings LLC
Entity
Mailing address
4350 CRST LINE LN, HARRISBURG, NC 28075-9514
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$6,750,000
Jamcs Burke Holdings LLC
Bennett Holdings LLC
Special Warranty Deed
$3,678,500 · Cogent Bank
Feb 10, 2023
—
James Burke Holdings LLC
—
Deed
related
$2,942,800 · Pinnacle Bank
May 14, 2019
—
Bennett Holdings LLC
—
Deed
related
$460,000 · Hometrust Bank
Aug 5, 2009
—
Bennett Holdings LLC
—
Trustees Deed
related
$100,000 · Carolina First Bank
Jan 12, 2006
—
Bennett Holdings LLC
—
Trustees Deed
related
$300,000 · Carolina First Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$206,314 · Hometrust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$325,000 · Carolina First Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$249,500 · Hometrust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$880,000 · Carolina First Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$96,000 · Hometrust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$115,000 · Carolina Trust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$558,000 · Carolina Trust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$283,100 · Carolina Trust Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$192,000 · Carolina First Bank
—
—
Bennett Holdings LLC
—
Deed Of Trust
related
$283,100 · Carolina Trust Bank
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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