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    3085 Steamplant Rd Sherrills Ford, NC 28673-9269
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    Property profile & analytics

    3085 Steamplant Rd Sherrills Ford, NC 28673-9269

    View on Map
    • Warehouses
    • 24,190 SF
    • 20.52 lot acres
    Off-Market
    Property ID
    US53-2125760
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Timber Creek Mulch LLC / Agricultural Supply / Garden Center

    Property Details for 3085 Steamplant Rd

    Year built
    1996
    Lot size
    20.52 lot acres
    Property size
    24,190 SF
    Zone code
    GI
    Property type
    Warehouses
    APN
    4618-03-12-3267
    APU
    461803123267

    Description

    This exceptional 12,000-square-foot warehouse presents a significant opportunity for businesses seeking a single-tenant industrial space in Sherrills Ford, NC. Built in 1996, this one-story building boasts a spacious layout with a ceiling height ranging from 22 feet at the end to 27 feet at the center, providing ample vertical clearance for various storage and operational needs. The property sits on a substantial 20.5-acre parcel, offering potential for expansion or future development, and is conveniently located just 1.9 miles from the intersection of NC Highway 150 and Sherrills Ford Road, providing easy access to major transportation arteries including NC Highway 16 and Interstate 77. The warehouse features one drive-in door for efficient loading and unloading, and is equipped with 220 and 440 power capabilities. A security system is already in place for enhanced peace of mind. While shared bathroom facilities are currently located in an adjacent building, the landlord is open to proposals for adding office and bathroom space within the warehouse itself to customize the property to a tenant's specific requirements. The property is zoned for General Industrial use and offers flexible parking options. This is an ideal location for businesses seeking a well-maintained, spacious warehouse with excellent access to major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $509,000
      Market price range: $402k - $1.54M
      AI Estimate
      $435,000
      Market price range: $422k - $1.22M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sherrills Ford
    County
    Catawba
    State
    North Carolina
    Longitude
    -80.9813
    Latitude
    35.6092
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,797
    $329,600
    $63,000
    $392,600
    -
    $329,600
    $63,000
    $392,600

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      4582 Beaver Blvd

      WAREHOUSE, STORAGE • 2,000 SF
      4582 Beaver Blvd, Sherrills Ford, NC 28673-9325
      View Details
    • Value Estimation by Request
      15,000 SF

      2217 Lynmore Dr

      WAREHOUSE, STORAGE • 15,000 SF
      2217 Lynmore Dr, Sherrills Ford, NC 28673-9138
      View Details
    • Value Estimation by Request
      5,780 SF

      3893 Slanting Brg Rd

      WAREHOUSE, STORAGE • 5,780 SF
      3893 Slanting Brg Rd, Sherrills Ford, NC 28673-9396
      View Details
    • Value Estimation
      $5,830,000
      29,070 SF

      8125 Is Pt Rd

      MINI-WAREHOUSE, STORAGE • 29,070 SF
      8125 Is Pt Rd, Sherrills Ford, NC 28673-7235
      View Details
    • Value Estimation
      $910,000
      18,732 SF

      3530 Mt Pleasant Rd

      WAREHOUSE, STORAGE • 18,732 SF
      3530 Mt Pleasant Rd, Sherrills Ford, NC 28673-7823
      View Details
    • Value Estimation by Request
      1,512 SF

      6736 Little Mtn Rd

      WAREHOUSE, STORAGE • 1,512 SF
      6736 Little Mtn Rd, Sherrills Ford, NC 28673-7839
      View Details

    Similar Nearby for Sale

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      Buildable waterfront lot on Lake Norman with existing pier.
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      0.93 acre corner lot with deeded boat slip.
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      Land Near Lake Norman

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    • $200,000
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      Sherrills Ford Land Opportunity

      6. 5+ acre lot in Sherrills Ford, North Carolina.
      4369 Mount Pleasant Rd, Sherrills Ford, NC 28673
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    • $300,000
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      Residential Land in Sherrills Ford

      6+ acres of residential land in a growing area.
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    Sherrills Ford, NC 28673-9269
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3085 Steamplant Rd, Sherrills Ford, NC, 28673
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