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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Auto shops
3140 Corriher Grange Rd, Mount Ulla, NC 28125-7820
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-0980833
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Construction
STEEL FRAME
Total area
12,996 SF
Lot
3.81 ac (165,964 SF)
Zoning code
MHP
APN
212 047
UPID
US53-0980833
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
-
Williams Performance Inc Industrial Manufacturer Production Facility
-
Tiger Quick Change Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.68M
Owner & transaction history
Williams Land Investments LLC · 13 yrs held
Williams Land Investments LLC
since 2013
5 recorded transactions
Zoning & alternative use
MHP · Mount Ulla, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+49.3%
Commercial (general)
$1.7M
+35.7%
Office building
$1.6M
+29.5%
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 Mount Ulla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Ulla 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
AUTO REPAIR, GARAGE
$1,225,000
Current use
MEDICAL BUILDING
$1,830,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,665,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$1,590,000
Change: +30% · Conversion: Difficult
RESTAURANT
$1,560,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$129 / 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
$9,257
Tax year 2023
Assessed value
$1,381,588
Assessed 2023
Previous assessed
$1,378,049
+0.3% YoY
Effective rate
0.67%
On assessed value
Assessed land
$171,450
Assessed improvement
$1,210,138
Land market value
$171,450
Improvement market value
$1,210,138
Total market value
$1,381,588
Applied tax rate
139.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
12,996 SF
Lot
3.81 ac (165,964 SF)
Zoning code
MHP
APN
212 047
UPID
US53-0980833
Jurisdiction
ROWAN
Zoning & alternative use
MHP · Mount Ulla, NC
Zoning MHP · permitted uses
MHP · Mount Ulla, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Ulla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2008
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Williams Land Investments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2770 CORRIHER GRANGE RD, MOUNT ULLA, NC 28125-8735
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2013
—
Williams Land Investments LLC
Williams Land Investments LLC
Quit Claim Deed
related
—
Mar 13, 2009
$772,500
Williams Land Investments LLC
Gerald G Williams
Warranty Deed
$700,000 · Branch Banking And Trust Co
Mar 10, 2009
$772,500
Williams Land Investments LLC
Williams,gerald G
Grant Deed
related
—
Jul 31, 2007
—
Gerald G Williams
Msmc Holdings LLC
Warranty Deed
—
Jul 25, 2007
—
Gerald G Williams
Msmc Holdings LLC
Grant Deed
related
—
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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