Entity Owned Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1982
Construction
STEEL FRAME
Total area
7,080 SF
Lot
2.33 ac (101,495 SF)
Zoning code
DEED DATE: 2023-01-06 DEE
APN
9701-04-4220-00000
UPID
US53-1024313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$635k
Owner & transaction history
since 2023
Last sale
$775,000
1 recorded transaction
Zoning & alternative use
DEED DATE: 2023-01-06 DEE · Leicester, NC
Top alternative use upside
Auto repair, garage
$1.3M
+74.2%
Office building
$1.3M
+70.5%
Neighborhood: shopping center
$1.2M
+57.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$635k
Value range
$572k – $699k
±10% around blend
Estimated value / SF
$90 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$572k
blend $635k
$699k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,080 SF
Lot area
2.33 ac
Year built
1982
Stories
1
APN
9701-04-4220-00000
Zoning
DEED DATE: 2023-01-06 DEE
Assessed value
$702,000
Annual tax
$4,618
3
Income approach: direct capitalization
Partial preview
Income approach indication
$920k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.00M
@ 6.5% CAP return
$920k
@ 7% CAP return
$855k
4
Sales comparison
Partial preview
Sales approach indication
$910k
Range $493k – $1.23M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$635k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 85 sales
$109
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $90/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+74%
vs current-use indication
Office Building
Neighborhood: Shopping Center
Warehouse, Storage · current use
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
Modeled
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: income and sales evidence cover the value conclusion.
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
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
9.40%
Implied, in-place cap rate for this refrigerated & cold storage
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.40%
9.0%
NOI (est.)
$54k *
Last sale · Jan 2023
$775k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$577k
Move the market yield to see immediate price impact.
Value / SF
$82
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
8.90%9.40%9.90%
$49k
$549k
$519k
$493k
$54k
$610k
$577k
$548k
$60k
$671k
$635k
$603k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,618
Tax year 2024
Assessed value
$702,000
Assessed 2024
Previous assessed
$702,000
+0.0% YoY
Effective rate
0.66%
On assessed value
Land market value
$49,600
Improvement market value
$652,400
Total market value
$702,000
Applied tax rate
17.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
7,080 SF
Lot
2.33 ac (101,495 SF)
Zoning code
DEED DATE: 2023-01-06 DEE
APN
9701-04-4220-00000
UPID
US53-1024313
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-01-06 DEE · Leicester, NCZoning DEED DATE: 2023-01-06 DEE · permitted uses
DEED DATE: 2023-01-06 DEE · Leicester, 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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DEED DATE: 2023-01-06 DEE
Jurisdiction
Leicester, NC
Recorded code
DEED DATE: 2023-01-06 DEE
Ownership Intelligence
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Ownership report
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.
They do not confirm beneficial ownership or intent to transact.
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