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Property profile & analytics
OFF-MARKET
Estimated value
$10,605,000
Office buildings
3389 Catawba Industrial Pl, Catawba, NC 28609-8293
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2101349
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
136,792 SF
Lot
21.39 ac (931,748 SF)
Zoning code
M-I
APN
3782-01-19-0907
UPID
US53-2101349
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
$9.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.61M
Owner & transaction history
Stag Nc Holdings LP · 5 yrs held
Stag Nc Holdings LP
since 2020
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
M-I · Catawba, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.0M
+28.5%
Auto repair, garage
$13.9M
+11.8%
Retail stores
$13.2M
+6.0%
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 Catawba submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Catawba 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
$10,290,000
ML approach
$9,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,465,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,010,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,940,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$13,215,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$10.61M
Range $9.54M – $11.67M · ±10% · vs last sale $11.32M (Oct 27 2020)
Last sale anchor
$11.32M
Oct 27 2020
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
$78 / 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
$71,676
Tax year 2023
Assessed value
$3,096,800
Assessed 2023
Previous assessed
$8,976,300
-65.5% YoY
Effective rate
2.31%
On assessed value
Assessed land
$435,300
Assessed improvement
$2,661,500
Land market value
$435,300
Improvement market value
$2,661,500
Total market value
$3,096,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
136,792 SF
Lot
21.39 ac (931,748 SF)
Zoning code
M-I
APN
3782-01-19-0907
UPID
US53-2101349
Jurisdiction
CATAWBA
Zoning & alternative use
M-I · Catawba, NC
Zoning M-I · permitted uses
M-I · Catawba, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Catawba. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$13.9M
RETAIL STORES
Est. value
$13.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2004
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
21.39 ac
Current owner
From public records · entity-resolved
Stag Nc Holdings LP
Entity
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2020
$11,317,500
Stag Nc Holdings LP
Bin-cip3389 LLC
Grant Deed
—
Oct 27, 2020
—
Stag Nc Holdings LP
Bin Cip3389 LLC
Grant Deed
related
—
Sep 10, 2020
—
Bin-cip3389 LLC
—
Deed
related
$13,633,610 · South St Bk
Jul 17, 2020
—
Bin Cip3389 LLC
Pivotal Properties LLC
Grant Deed
—
Jul 17, 2020
$7,335,500
Bin Cip3389 LLC
Pivotal Properties LLC
Grant Deed
—
Mar 3, 2020
—
Shurtape Technologies LLC
Pivotal Properties LLC
Grant Deed
—
Jul 21, 2004
—
Pivotal Properties LLC
—
Trustees Deed
related
$4,500,000 · Shurtape Technologies LLC
—
—
Pivotal Properties LLC
—
Deed Of Trust
related
$4,520,000 · Life Insurance Of Southwest
—
—
Bin-cip3389 LLC
—
Deed Of Trust
related
$13,633,610 · South St 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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