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Property profile & analytics
OFF-MARKET
Warehouses
292 Aviation Dr China Grove, NC 28023-6661
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0304651
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
2,800 SF
Lot
0.58 ac (25,265 SF)
Zoning code
M1:LIGHT INDUSTRIAL
APN
133 216
UPID
US53-0304651
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tesja LLC · 3 yrs held
Tesja LLC
since 2023
Last sale
$399,000
7 recorded transactions
Zoning & alternative use
M1:LIGHT INDUSTRIAL · China Grove, 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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,909
Tax year 2023
Assessed value
$271,884
Assessed 2023
Previous assessed
$192,475
+41.3% YoY
Effective rate
1.07%
On assessed value
Assessed land
$65,598
Assessed improvement
$206,286
Land market value
$65,598
Improvement market value
$206,286
Total market value
$271,884
Applied tax rate
107.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
YES
Stories
1
Total area
2,800 SF
Lot
0.58 ac (25,265 SF)
Zoning code
M1:LIGHT INDUSTRIAL
APN
133 216
UPID
US53-0304651
Jurisdiction
ROWAN
Zoning & alternative use
M1:LIGHT INDUSTRIAL · China Grove, NCZoning M1:LIGHT INDUSTRIAL · permitted uses
M1:LIGHT INDUSTRIAL · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
YES
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Tesja LLC
Entity
Mailing address
210 OAK AVE, KANNAPOLIS, NC 28081-4329
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2026
—
Tesja LLC
—
Deed
related
$280,000 · Uwharrie Bank
Apr 26, 2023
$399,000
Tesja LLC
James Phillips
Special Warranty Deed
$308,900 · James Michael Phillips JR
Feb 6, 2015
$130,000
James Phillips
Yadkin Bk
Grant Deed
—
Dec 23, 2013
$138,381
Vantagesouth Bk
Medlin W Eric
Trustees Deed
related
—
Dec 3, 2013
$138,500
Vantagesouth Bank
Long,kenneth D
Grant Deed
related
—
Jun 3, 2010
$197,000
Kenneth D Long
Randy Page Electric LLC
Warranty Deed
$182,000 · Western Fsb
Jun 2, 2010
$197,000
Kenneth D Long
Randy Page Electric LLC
Grant Deed
$182,000 · Western Fsb
Mar 6, 2008
$70,000
Randy Page Electric LLC
Golden Owl LLC
Grant Deed
—
Feb 1, 2008
—
Randy Page Electric LLC
—
Trustees Deed
related
$187,000 · Western Fsb
Jun 15, 2007
$70,000
Randy Page Electric LLC
Golden Owl LLC
Grant Deed
$135,680 · Western Fsb
Oct 5, 2005
$199,500
Golden Owl LLC
Price,jason M
Trustees Deed
related
$195,000 · F & M Bank
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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