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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
2585 Nc 16th Business Hwy, Denver, NC 28037-8257
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1539903
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
FRAME
Total area
6,000 SF
Lot
16.29 ac (709,810 SF)
Zoning code
ELDD B-G
APN
71407
UPID
US53-1539903
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
$785k
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$780k
Owner & transaction history
Catawba Lands Conservancy · 3 yrs held
Catawba Lands Conservancy
since 2023
Last sale
$12,000
2 recorded transactions
Zoning & alternative use
ELDD B-G · Denver, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$785,000
7%
$730,000
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $12k (Jan 13 2023)
Last sale anchor
$12k
Jan 13 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
$130 / 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
$12,534
Tax year 2024
Assessed value
$2,058,678
Assessed 2024
Previous assessed
$2,058,678
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$1,253,537
Assessed improvement
$805,141
Land market value
$1,253,537
Improvement market value
$805,141
Total market value
$2,058,678
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
6,000 SF
Lot
16.29 ac (709,810 SF)
Zoning code
ELDD B-G
APN
71407
UPID
US53-1539903
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-G · Denver, NC
Zoning ELDD B-G · permitted uses
ELDD B-G · 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.
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
16.29 ac
Current owner
From public records · entity-resolved
Catawba Lands Conservancy
Individual
Free & Clear · 3 yrs held
Mailing address
1450 N NC 16TH BUSINESS HWY, DENVER, NC 28037-7814
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$12,000
Catawba Lands Conservancy
Jbdk Family LP
Warranty Deed
—
Aug 31, 2007
$1,450,000
Jbdk Family LP
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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