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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Warehouses
450 Eastway Dr Troutman, NC 28166-8613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0511276
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,390 SF
Lot
8.81 ac (383,764 SF)
Zoning code
IH
APN
4741-24-4547.000
UPID
US53-0511276
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
$2.72M
Blend (final)
Blend
$2.63M
Owner & transaction history
Armspen Enterprises · 4 yrs held
Armspen Enterprises
since 2021
6 recorded transactions
Zoning & alternative use
IH · Troutman, NC
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 Troutman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutman 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10%
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
$49 / 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
$8,887
Tax year 2023
Assessed value
$807,920
Assessed 2023
Previous assessed
$648,830
+24.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$246,680
Assessed improvement
$561,240
Land market value
$246,680
Improvement market value
$561,240
Total market value
$807,920
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
NONE
Buildings
3
Stories
1
Rooms
5
Bathrooms
4
Total area
53,390 SF
Lot
8.81 ac (383,764 SF)
Zoning code
IH
APN
4741-24-4547.000
UPID
US53-0511276
Jurisdiction
IREDELL
Zoning & alternative use
IH · Troutman, NCZoning IH · permitted uses
IH · Troutman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | Troutman, NC
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
4
Lot
8.81 ac
Current owner
From public records · entity-resolved
Armspen Enterprises
Entity
Mailing address
PO BOX 5817, STATESVILLE, NC 28687-5817
Ownership since
2021
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
Oct 27, 2021
—
Armspen Enterprises
—
Deed
related
$100,000 · First National Bank Of Pennsylvania
Nov 8, 2019
—
Armspen Ents
—
Deed
related
$30,000 · First Nat'l Bk/pa
—
—
Armspen Ents
—
Deed Of Trust
related
$250,000 · Yadkin Bank
—
—
Armspen Ents
—
Deed Of Trust
related
$500,000 · Piedmont Bank
—
—
Armspen Ents
—
Deed Of Trust
related
$500,000 · Piedmont Bank
—
—
Armspen Ents
—
Deed Of Trust
related
$30,000 · First Nat'l Bk/pa
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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