Realmo Analytics

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Property profile

416 Millstone Dr Hillsborough, NC 27278

FOR SALE
Industrial properties
Property ID
US53-0996628
12,864 SF 2.32 ac lot Built 2000
Last sale Apr 2016 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$900k
Assessed land$164k
Assessed improvement$736k
Effective rate1.72%

Value estimate

· Oct 2026
$675k
$608k – $743k
AI approach$675k
Submarket $/SF estimate$1.14M
NOI build-up
Gross scheduled income$285k
Vacancy & credit loss−$17k
Operating expenses−$81k
NOI · 7.23% cap applied$188k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
County average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$55 – $197

Cap rate analysis

How does the asset earn?
7.23%
$188k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HI
JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
Storage Facility11.4
Law Firm10.9

Location

416 Millstone Dr Hillsborough, NC 27278
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
415 Millstone, Hillsborough, NC 27278-8778 $73,000 Aug 2021 13,845 SF
205 Millstone, Hillsborough, NC 27278-8776 $1,200,000 Jul 2021 6,995 SF
1515 Coleman Loop, Hillsborough, NC 27278-9284 $1,750,000 Jun 2020 19,764 SF
525 Dimmocks Ml, Hillsborough, NC 27278-2352 $250,000 May 2020 18,073 SF
620 Vly Frg Rd Ste, Hillsborough, NC 27278-8567 $1,470,000 Sep 2019 10,850 SF
504 Meadowlands, Hillsborough, NC 27278-8504 $1,450,000 Nov 2018 10,738 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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