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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Industrial properties
2471 Nc 16th Business Hwy, Denver, NC 28037-8256
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3235287
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2000
Total area
6,000 SF
Lot
5.97 ac (260,010 SF)
Zoning code
ELDD B-G & I-G & R-SF
APN
88567
UPID
US53-3235287
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
$1.47M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Graham Park LLC · 2 yrs held
Graham Park LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
ELDD B-G & I-G & R-SF · Denver, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+74.3%
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$1,450,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
$1,435,000
6.5%
$1,325,000
7%
$1,230,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,130,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.90M (Aug 31 2023)
Last sale anchor
$1.90M
Aug 31 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
$240 / 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
$3,404
Tax year 2023
Assessed value
$544,661
Assessed 2023
Previous assessed
$544,661
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$318,416
Assessed improvement
$226,245
Land market value
$318,416
Improvement market value
$226,245
Total market value
$544,661
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
5.97 ac (260,010 SF)
Zoning code
ELDD B-G & I-G & R-SF
APN
88567
UPID
US53-3235287
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-G & I-G & R-SF · Denver, NC
Zoning ELDD B-G & I-G & R-SF · permitted uses
ELDD B-G & I-G & R-SF · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
5.97 ac
Current owner
From public records · entity-resolved
Graham Park LLC
Entity
Mailing address
8520 NORMAN ESTS DR, DENVER, NC 28037-7668
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$1,900,000
Graham Park LLC
Kb Investment Holdings LLC
Special Warranty Deed
$968,000 · Townebank
Aug 31, 2023
—
Graham Park LLC
Kb Investment Holdings LLC
Intrafamily Transfer
related
—
Jul 25, 2023
—
Kb Investment Holdings LLC
Dine At Home INC
Deed
—
Jul 21, 2023
—
Kb Investment Holdings LLC
Stment Holdings LLC
Correction Deed
related
—
Oct 6, 2015
—
Kb Investment Holdings LLC
Hms Properties Of Denver LLC
Quit Claim Deed
related
—
Oct 1, 2015
$525,000
Kb Investment Holdings LLC
Hms Properties Of Denver LLC
Warranty Deed
related
—
Aug 22, 2008
$475,000
Hms Props Of Denver LLC
Owner Name Unavailable
Grant Deed
related
—
Aug 6, 2008
—
Dine At Home INC
Owner Name Unavailable
Grant Deed
related
—
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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