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Property profile & analytics
OFF-MARKET
Manufacturing properties
2868 Icard Rhodhiss Rd Connelly Springs, NC 28612-7739
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2360289
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
WOOD FRAME
Total area
9,760 SF
Lot
0.79 ac (34,412 SF)
Zoning code
INDUSTRIAL DIST
APN
28879
UPID
US53-2360289
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
Current use
Occupant on record · Public records
-
KidsBaron Department Store
-
J & J Resales Freight Service Logistics Company
-
Brand Fanatics Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gki Properties LLC · 2 yrs held
Gki Properties LLC
since 2024
Last sale
$105,000
5 recorded transactions
Zoning & alternative use
INDUSTRIAL DIST · Connelly Springs, 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 Connelly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Connelly Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,421
Tax year 2024
Assessed value
$208,925
Assessed 2024
Previous assessed
$208,925
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$11,850
Assessed improvement
$197,075
Land market value
$11,850
Improvement market value
$197,075
Total market value
$208,925
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1966
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
9,760 SF
Lot
0.79 ac (34,412 SF)
Zoning code
INDUSTRIAL DIST
APN
28879
UPID
US53-2360289
Jurisdiction
BURKE
Zoning & alternative use
INDUSTRIAL DIST · Connelly Springs, NC
Zoning INDUSTRIAL DIST · permitted uses
INDUSTRIAL DIST · Connelly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Connelly Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Gki Properties LLC
Entity
Mailing address
1230 20TH AVE NW, HICKORY, NC 28601-1760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$105,000
Gki Properties LLC
Sma Holdings LLC
Warranty Deed
$70,000 · Peoples Bank
Apr 17, 2018
—
Richard Brown
Sma Holdings LLC
Quit Claim Deed
related
—
Dec 28, 2010
$110,000
Sma Holdings LLC
Katbird Trading Incorporated
Warranty Deed
$110,000 · First Citizens Bank & Trust Co
Dec 27, 2010
$110,000
Sma Holdings LLC
Katbird,trading Incorporat
Grant Deed
related
$110,000 · First Citizens Bank & Trust Co
Jun 23, 2005
$81,000
Katbird Trading 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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