Individually Owned Property summary
AI-generated overview
This exceptional investment opportunity in Denver, NC, presents a fully stabilized, multi-tenant industrial property at 2830 Hagers Ct. The 12,000 square foot building sits on a 0.68-acre lot and is currently listed at $1,775,000, representing a compelling $147.92 per square foot price. The property boasts a strong 6.64% cap rate and a net operating income (NOI) of $117,894. Tenants include Loeffler Building & Design LTD, Dice Metal Works, and NOCQUA Adventure Gear, demonstrating consistent occupancy. The property is classified as Class B, with a Net Lease (NNN) structure and a single-story design. Zoned I-G, it offers 14 parking spaces. Built in 1998, this well-maintained facility provides a blend of warehouse and office space, ideal for a variety of uses. Located conveniently off Highway 16, the property benefits from a thriving area with a population exceeding 13,000 within a 5-mile radius. Current market lease rates are approximately $13-14 per square foot per year NNN, suggesting potential for future income growth. This sale includes a leaseback agreement. The property's APN is 56376. This is a prime opportunity for investors seeking a stable, income-generating asset in a high-demand market.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1998
Construction
FRAME
Total area
12,000 SF
Lot
1.04 ac (45,302 SF)
Zoning code
I-G
APN
56376
UPID
US53-0924466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Production Facility
-
General Contractor
-
Industrial Manufacturer Production Facility
-
Hardware & Home Improvement HVAC Service
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
since 2025
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
I-G · Denver, NC
Top alternative use upside
Warehouse, storage
$2.3M
+74.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.69M
Value range
$1.52M – $1.85M
±10% around blend
Estimated value / SF
$140 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.52M
blend $1.69M
$1.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
1.04 ac
Year built
1998
Stories
1
APN
56376
Zoning
I-G
Assessed value
$722,171
Annual tax
$5,075
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.26M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.0 mi away · 9,640 SF
10.2 mi away · 9,800 SF
10.3 mi away · 10,177 SF
10.4 mi away · 11,680 SF
19.8 mi away · 14,661 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$108
+30%
Submarket 50 sales
$108
+30%
County 74 sales
$103
+37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $140/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+74%
vs current-use indication
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.77M
Move the market yield to see immediate price impact.
Value / SF
$148
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$112k
$2.24M
$1.60M
$1.24M
$124k
$2.49M
$1.77M
$1.38M
$137k
$2.73M
$1.95M
$1.52M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.40M
8.9 mi · Sep 2025 · $146/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,075
Tax year 2023
Assessed value
$722,171
Assessed 2023
Previous assessed
$722,171
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$97,499
Assessed improvement
$624,672
Land market value
$97,499
Improvement market value
$624,672
Total market value
$722,171
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
12,000 SF
Lot
1.04 ac (45,302 SF)
Zoning code
I-G
APN
56376
UPID
US53-0924466
Jurisdiction
LINCOLN
Zoning & alternative use
I-G · Denver, NCZoning I-G · permitted uses
I-G · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-G
Jurisdiction
Denver, NC
Recorded code
I-G
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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