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Property profile & analytics
FOR SALE
Auto shops
3400 New Hill Holleman Rd, New Hill, NC 27562
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1449311
For Sale
$400,000
3400 New Hill Holleman Rd, New Hill, NC 27562
View Listing →
Property summary
AI-generated overview
This exceptional 0.47-acre commercial land parcel presents a unique investment opportunity in New Hill, North Carolina. Located at 3400 New Hill Holleman Rd, Wake County, zip code 27562 (latitude 35.6638142, longitude -78.9288323), this property is situated in the Holly Springs extraterritorial jurisdiction (ETJ). The asking price is $400,000. Currently zoned residential, despite its commercial land classification, the property requires rezoning for commercial use. Prospective buyers are strongly encouraged to independently verify zoning information with the Town of Holly Springs Planning Department to confirm suitability for their intended commercial development. An older structure exists on the property
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Construction
CONCRETE BLOCKS
Total area
1,152 SF
Lot
0.47 ac (20,473 SF)
Zoning code
R-30
APN
0629.01-16-0584 0183037
UPID
US53-1449311
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Trump Engelwood Properties LLC · 11 yrs held
Trump Engelwood Properties LLC
since 2015
1 recorded transaction
Zoning & alternative use
R-30 · New Hill, 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 New Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hill 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$703
Tax year 2023
Assessed value
$90,189
Assessed 2023
Previous assessed
$90,189
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$73,800
Assessed improvement
$16,389
Land market value
$73,800
Improvement market value
$16,389
Total market value
$90,189
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
For Sale
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,152 SF
Lot
0.47 ac (20,473 SF)
Zoning code
R-30
APN
0629.01-16-0584 0183037
UPID
US53-1449311
Jurisdiction
WAKE
Zoning & alternative use
R-30 · New Hill, NC
Zoning R-30 · permitted uses
R-30 · New Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Trump Engelwood Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
6305 PEOPLE RD, HOLLY SPRINGS, NC 27540-8815
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2015
$40,000
Trump Engelwood Properties LLC
Brown Jacqueline J & John E
Warranty 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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