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Property profile & analytics
OFF-MARKET
Estimated value
$4,840,000
Auto shops
311 Industrial Dr, Kings Mountain, NC 28086-3888
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2855317
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1976
Total area
5,000 SF
Lot
36.03 ac (1,569,467 SF)
Zoning code
HI
APN
12798
UPID
US53-2855317
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
$3.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.84M
Owner & transaction history
Albemarle U S INC · 3 yrs held
Albemarle U S INC
since 2023
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
HI · Kings Mountain, 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 Kings Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Mountain 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
$4,460,000
ML approach
$3,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.84M
Range $4.36M – $5.32M · ±10% · vs last sale $5.50M (May 3 2023)
Last sale anchor
$5.50M
May 3 2023
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
$968 / 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
$17,705
Tax year 2024
Assessed value
$742,342
Assessed 2023
Previous assessed
$742,342
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$219,878
Assessed improvement
$522,464
Land market value
$219,878
Improvement market value
$522,464
Total market value
$742,342
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1976
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
5,000 SF
Lot
36.03 ac (1,569,467 SF)
Zoning code
HI
APN
12798
UPID
US53-2855317
Jurisdiction
CLEVELAND
Zoning & alternative use
HI · Kings Mountain, NC
Zoning HI · permitted uses
HI · Kings Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
36.03 ac
Current owner
From public records · entity-resolved
Albemarle U S INC
Entity
Free & Clear · 3 yrs held
Mailing address
4250 CONGRESS ST STE #900, CHARLOTTE, NC 28209-0044
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
—
Albemarle U S INC
Joseph P Latchaw
Warranty Deed
—
May 3, 2023
$5,500,000
Albemarle U S INC
Jeffrey P Latchaw
Special Warranty Deed
—
Sep 15, 2022
—
Jeffrey P Latchaw
Jeffrey P Latchaw
Intrafamily Transfer
related
—
Oct 19, 2009
$230,000
Jeffrey P Latchaw
Stiles,larry M
Grant Deed
—
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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