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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Distribution centers
3060 Millbridge Rd, China Grove, NC 28023-7716
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-1555632
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
19,024 SF
Lot
147.26 ac (6,414,646 SF)
Zoning code
RA
APN
206 093
UPID
US53-1555632
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
-
CRCHC Patterson Farm Migrant Clinic Community Health Centre Health Care Facility
-
Patterson Farm Inc. Production Facility
-
Patterson Repack Inc. Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.32M
Owner & transaction history
Victor Manuel Hernandez · 3 yrs held
Victor Manuel Hernandez
since 2023
2 recorded transactions
Zoning & alternative use
RA · China Grove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+121.0%
Retail stores
$1.7M
+106.5%
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
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
$815,000
Current use
AUTO REPAIR, GARAGE
$1,795,000
Change: +121% · Conversion: Easy
RETAIL STORES
$1,680,000
Change: +107% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$69 / 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
$14,087
Tax year 2024
Assessed value
$2,079,258
Assessed 2024
Previous assessed
$2,079,258
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$483,760
Assessed improvement
$1,595,498
Land market value
$483,760
Improvement market value
$1,595,498
Total market value
$2,079,258
Applied tax rate
124.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Bathrooms
3
Total area
19,024 SF
Lot
147.26 ac (6,414,646 SF)
Zoning code
RA
APN
206 093
UPID
US53-1555632
Jurisdiction
ROWAN
Zoning & alternative use
RA · China Grove, NC
Zoning RA · permitted uses
RA · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
3
Lot
147.26 ac
Current owner
From public records · entity-resolved
Victor Manuel Hernandez
Individual
Free & Clear · 3 yrs held
Mailing address
3060 MILLBRIDGE RD, CHINA GROVE, NC 28023-7716
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
$30,000
Victor Manuel Hernandez
Patterson Farm INC
Warranty Deed
—
Aug 30, 2018
—
Patterson Farm INC
—
Grant Deed
related
$12,000,000 · Farm Credit Svcs
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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