OFF-MARKET
Office buildings
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Entity Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
458,854 SF
Lot
957.24 ac (41,697,374 SF)
Zoning code
I-1
APN
359504836920
UPID
US53-2828910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$12.65M
Blend (final)
Blend
$11.82M
Owner & transaction history
since 2024
3 recorded transactions
Zoning & alternative use
I-1 · Kinston, NC
Zoning description
6.3.14. I -1 Industrial District. The I-1 district is for industries and warehouses which are not considered detrimental to surrounding land uses or those industries that are not considered to cause unnecessary loads or…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.82M
Value range
$10.63M – $13.00M
±10% around blend
Estimated value / SF
$26 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$10.63M
blend $11.82M
$13.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
458,854 SF
Lot area
957.24 ac
Year built
1989
Stories
2
APN
359504836920
Assessed value
$12,070,590
Annual tax
$108,937
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$12.65M
Range $12.65M – $38.63M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 36 sales
$53
-51%
County 40 sales
$53
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $26/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.07M
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$760k
$15.21M
$10.86M
$8.45M
$845k
$16.90M
$12.07M
$9.39M
$929k
$18.59M
$13.28M
$10.33M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$108,937
Tax year 2024
Assessed value
$12,070,590
Assessed 2024
Previous assessed
$12,070,590
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,345,400
Assessed improvement
$9,725,190
Land market value
$2,345,400
Improvement market value
$9,725,190
Total market value
$12,070,590
Applied tax rate
124.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
HEAT PUMP
Cooling
NONE
Buildings
4
Stories
2
Total area
458,854 SF
Lot
957.24 ac (41,697,374 SF)
Zoning code
I-1
APN
359504836920
UPID
US53-2828910
Jurisdiction
LENOIR
Zoning & alternative use
I-1 · Kinston, NCZoning I-1 · permitted uses
I-1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
6.3.14. I -1 Industrial District. The I-1 district is for industries and warehouses which are not considered detrimental to surrounding land uses or those industries that are not considered to cause unnecessary loads or…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1989
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
4
Lot
957.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Kinston, NC
Recorded code
I-1
Official district
I-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Kinston, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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