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Property profile & analytics
OFF-MARKET Estimated value $1,295,000
Warehouses

316 Academy St Pilot Mountain, NC 27041

17,664 SF 11.21 ac lot Built 1988
Individually Owned 9-yr Hold Free & Clear
Property ID
US53-4707500
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Total area 17,664 SF
Lot 11.21 ac (488,308 SF)
Zoning code GM
APN 5966-20-80-9586
UPID US53-4707500
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
$1.40M
Blend (final) Blend
$1.30M
Owner & transaction history
Jimmy K Lynch · 9 yrs held
Jimmy K Lynch
since 2016
1 recorded transaction
2016
$400,000
Zoning & alternative use
GM · Pilot Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(E) General Manufacturing District (GM) The GM district is established for those areas of the community where the principal use of land is for manufacturing, industrial and warehousing uses. These uses, by their nature, may create some nuisances, which are not properly associated with residential, institutional, commercial and/or service establishments. Thes…

Zone name General Manufacturing
General category INDUSTRIAL
Zone area 290.86 ac
Source Article 5 Zoning Districts
Top alternative use upside
Retail stores $1.6M +77.7%
Commercial (general) $1.5M +60.9%
Auto repair, garage $1.3M +48.4%
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