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Property profile & analytics
FOR LEASE
Industrial properties
3838 Charles Raper Jonas Hwy, Stanley, NC 28164
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5610189
For Lease
1 / 2
$4,280,000
3838 Charles Raper Jonas Hwy, Stanley, NC 28164
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Property summary
AI-generated overview
This ±70,000 square foot industrial property, located at 3838 Charles Raper Jonas Hwy in Stanley, North Carolina (zip code 28164), offers a unique opportunity for businesses seeking flexible warehouse or distribution space. The property features a total of 114,000 square feet across four suites, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 67,000 square feet. Currently, 67,000 square feet is available for lease. The single-story building boasts a 15-foot ceiling height, two 10' x 10' dock-high doors, and 450 amps of power. Built in 1976 and renovated in 2001, the property is classified as Class C. The site encompasses approximately 9.28 acres of land, zoned for industrial use (ID). The property offers the potential for space upgrades per mutually agreeable terms. Additionally, approximately 2 acres of improved outlot space are available for lease. This versatile property is ideal for a variety of industrial uses, offering significant space and flexibility in a convenient location. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Total area
142,850 SF
Lot
18.06 ac (786,694 SF)
Zoning code
STOR5
APN
165322
UPID
US53-5610189
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
-
Stanley Parking Parking Lot & Garage
-
Stanley Business Park Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$4.28M
Owner & transaction history
Crjh LLC · 3 yrs held
Crjh LLC
since 2023
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
STOR5 · Stanley, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.4M
+8.3%
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 Stanley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanley 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
$4,270,000
ML approach
$4,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,990,000
Current use
WAREHOUSE, STORAGE
$5,405,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±10% · vs last sale $5.63M (Jun 1 2023)
Last sale anchor
$5.63M
Jun 1 2023
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
$30 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,672
Tax year 2024
Assessed value
$3,175,310
Assessed 2024
Previous assessed
$3,175,310
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$232,650
Assessed improvement
$2,942,660
Applied tax rate
280.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
For Lease
Year built
1976
Heating
YES
Stories
1
Rooms
1
Total area
142,850 SF
Lot
18.06 ac (786,694 SF)
Zoning code
STOR5
APN
165322
UPID
US53-5610189
Jurisdiction
GASTON
Zoning & alternative use
STOR5 · Stanley, NC
Zoning STOR5 · permitted uses
STOR5 · Stanley, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
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
1976
Heating
YES
Stories
1
Rooms
1
Lot
18.06 ac
Current owner
From public records · entity-resolved
Crjh LLC
Entity
Mailing address
4015 E CRAFT ST APT #5245, CHARLOTTE, NC 28217-1690
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$5,625,000
Crjh LLC
Jdu LLC
Special Warranty Deed
$3,500,000 · Standard Insurance Co
Sep 30, 2008
$850,000
Jdu LLC
Rbc Centura Bank
Grant Deed
$700,000 · Bank Of America
Aug 27, 2007
$1,192,500
Rbc Centrua Bank
—
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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