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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Industrial properties
308 Town St, Landis, NC 28088
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0333253
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1922
Total area
209,272 SF
Lot
14.42 ac (628,135 SF)
Zoning code
M1
APN
164 007
UPID
US53-0333253
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
$3.11M
Blend (final)
Blend
$2.53M
Owner & transaction history
Mce Realty Management LLC · 5 yrs held
Mce Realty Management LLC
since 2020
7 recorded transactions
Zoning & alternative use
M1 · Landis, 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 Landis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Landis 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
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±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
$12 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,295
Tax year 2023
Assessed value
$1,045,869
Assessed 2023
Previous assessed
$870,214
+20.2% YoY
Effective rate
1.08%
On assessed value
Assessed land
$620,060
Assessed improvement
$425,809
Land market value
$620,060
Improvement market value
$425,809
Total market value
$1,045,869
Applied tax rate
106.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1922
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
209,272 SF
Lot
14.42 ac (628,135 SF)
Zoning code
M1
APN
164 007
UPID
US53-0333253
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Landis, NC
Zoning M1 · permitted uses
M1 · Landis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Landis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
14.42 ac
Current owner
From public records · entity-resolved
Mce Realty Management LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4996 ALDINA ST, MONTCLAIR, CA 91763-6155
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$2,000,000
Mce Realty Management LLC
China Grove Indl Complex INC
Grant Deed
—
Aug 24, 2020
—
Mce Realty Management LLC
China Grove Indl Complex INC
Grant Deed
$2,000,000 · China Grove Inds Complex INC
Aug 11, 2020
—
China Grove Indl Complex INC
Rte Machinery Sales & Svcs INC
Quit Claim Deed
—
Dec 6, 2016
$650,000
Rte Machinery Sales & Svc INC
Tuscarora Yarns INC
Grant Deed
$300,000 · Realta Cap Ptrs LLC
Jan 28, 2011
$1,000,000
Tuscarora Yarns INC
Textile Equipment Brokers LLC
Special Warranty Deed
$11,000,000 · Wells Fargo Bank NA
May 15, 2009
$500,000
Textile Equipment Brokers LLC
Hanesbrands INC
Grant Deed
—
May 14, 2009
$500,000
Textile Equipment Brokers LLC
Hanesbrands INC
Grant Deed
—
—
—
Tuscarora Yarns INC
—
Deed Of Trust
related
$2,933,500 · Renasant Bk
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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