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Property profile & analytics
OFF-MARKET
Estimated value
$42,165,000
Warehouses
2755 Nc 66th S High Point, NC 27265
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-4053659
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
845,575 SF
Lot
114.96 ac (5,007,658 SF)
Zoning code
CZ-LI-HP
APN
6883-92-3599.00
UPID
US53-4053659
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
by Request
Comparable Approach
Comparable
$47.77M
Blend (final)
Blend
$42.17M
Owner & transaction history
Carolina Income Props Xv LLC · 12 yrs held
Carolina Income Props Xv LLC
since 2014
2 recorded transactions
Zoning & alternative use
CZ-LI-HP · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$38.9M
+19.1%
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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,620,000
Current use
INDUSTRIAL (GENERAL)
$38,855,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$42.17M
Range $37.95M – $46.38M · ±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
$50 / 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
$536,834
Tax year 2024
Assessed value
$49,080,700
Assessed 2024
Previous assessed
$44,146,700
+11.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,847,600
Assessed improvement
$46,233,100
Land market value
$2,847,600
Improvement market value
$46,233,100
Total market value
$49,080,700
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
2
Stories
1
Total area
845,575 SF
Lot
114.96 ac (5,007,658 SF)
Zoning code
CZ-LI-HP
APN
6883-92-3599.00
UPID
US53-4053659
Jurisdiction
FORSYTH
Zoning & alternative use
CZ-LI-HP · High Point, NC
Zoning CZ-LI-HP · permitted uses
CZ-LI-HP · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$32.6M
INDUSTRIAL (GENERAL)
Est. value
$38.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
2015
Heating
NONE
Stories
1
Buildings
2
Lot
114.96 ac
Current owner
From public records · entity-resolved
Carolina Income Props Xv LLC
Entity
Mailing address
PO BOX 21509, WINSTON SALEM, NC 27120-1509
Ownership since
2014
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
Apr 23, 2014
$850,000
Carolina Income Props Xv LLC
Dawkins,amy W & William L III
Grant Deed
$33,825,000 · Suntrust Bk
Sep 23, 2009
—
Welborn,glen M
Welborn,dale M
Quit Claim 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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