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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Industrial properties
380 Palmer Rd, Rockwell, NC 28138-8585
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3050107
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2017
Construction
STEEL FRAME
Total area
51,780 SF
Lot
5.03 ac (219,107 SF)
Zoning code
I:MANUFACTURING & IND
APN
365 074
UPID
US53-3050107
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
-
FillTech USA Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.18M
Owner & transaction history
Filltech USA LLC · 3 yrs held
Filltech USA LLC
since 2022
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
I:MANUFACTURING & IND · Rockwell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+143.3%
Retail stores
$4.6M
+127.3%
Warehouse, storage
$2.2M
+10.1%
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 Rockwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockwell 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
$2,790,000
ML approach
$3,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,010,000
Current use
AUTO REPAIR, GARAGE
$4,890,000
Change: +143% · Conversion: Easy
RETAIL STORES
$4,570,000
Change: +127% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,215,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $4.02M (Dec 8 2022)
Last sale anchor
$4.02M
Dec 8 2022
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
$61 / 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
$24,823
Tax year 2023
Assessed value
$2,386,788
Assessed 2023
Previous assessed
$2,487,903
-4.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$201,200
Assessed improvement
$2,185,588
Land market value
$201,200
Improvement market value
$2,185,588
Total market value
$2,386,788
Applied tax rate
109.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
51,780 SF
Lot
5.03 ac (219,107 SF)
Zoning code
I:MANUFACTURING & IND
APN
365 074
UPID
US53-3050107
Jurisdiction
ROWAN
Zoning & alternative use
I:MANUFACTURING & IND · Rockwell, NC
Zoning I:MANUFACTURING & IND · permitted uses
I:MANUFACTURING & IND · Rockwell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockwell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.03 ac
Current owner
From public records · entity-resolved
Filltech USA LLC
Entity
Mailing address
PO BOX 1209, ROCKWELL, NC 28138-1209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
$4,020,000
Filltech USA LLC
Jones And Hughes Real Estate LLC
Warranty Deed
$2,685,000 · Truist Bank
Aug 15, 2018
—
Jones & Hughes Real Estate LLC
Jones,dennis R & Patricia A
Quit Claim Deed
related
$694,964 · Branch Bk&tr
May 31, 2017
—
Jones & Hughes Real Estate LLC
—
Trustees Deed
related
$1,816,258 · Branch Bk&tr
Oct 18, 2016
$125,000
Jones & Hughes Real Estate LLC
Misenheimer,william C JR & Terri
Warranty Deed
—
—
—
Jones & Hughes Real Estate LLC
—
Deed Of Trust
related
$694,964 · Branch Bk&tr
—
—
Jones & Hughes Real Estate LLC
—
Deed Of Trust
related
$1,826,971 · Branch Bk&tr
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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