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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Industrial properties
504 Meadowlands Dr, Hillsborough, NC 27278-8504
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0575728
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
10,738 SF
Lot
2 ac (87,120 SF)
Zoning code
HI/R1
APN
9874-80-1640
UPID
US53-0575728
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
-
Gateway Center Building LLC Construction Company
-
Barlow Scientific Inc Hardware & Home Improvement General Contractor
-
CPH Development Construction Company
-
George Horton Enterprises Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.56M
Owner & transaction history
Barlow Meadowlands LLC · 7 yrs held
Barlow Meadowlands LLC
since 2018
7 recorded transactions
Zoning & alternative use
HI/R1 · Hillsborough, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hillsborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsborough 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%
$2,365,000
6.5%
$2,185,000
7%
$2,025,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,415,000
Current use
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±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
$145 / 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
$29,466
Tax year 2024
Assessed value
$1,854,400
Assessed 2024
Previous assessed
$1,854,400
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$336,000
Assessed improvement
$1,518,400
Land market value
$336,000
Improvement market value
$1,518,400
Total market value
$1,854,400
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
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Stories
2
Total area
10,738 SF
Lot
2 ac (87,120 SF)
Zoning code
HI/R1
APN
9874-80-1640
UPID
US53-0575728
Jurisdiction
ORANGE
Zoning & alternative use
HI/R1 · Hillsborough, NC
Zoning HI/R1 · permitted uses
HI/R1 · Hillsborough, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
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
2007
Heating
NONE
Stories
2
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Barlow Meadowlands LLC
Entity
Mailing address
PO BOX 477, HILLSBOROUGH, NC 27278-0477
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2020
—
Barlow Meadowlands LLC
—
Deed
related
$1,280,000 · Truist Bank
Nov 8, 2018
$1,450,000
Barlow Meadowlands LLC
504 Meadowlands LLC
Warranty Deed
$1,050,000 · Branch Bk&tr
May 29, 2012
—
504 Meadowlands LLC
Tryon Investment Group LLC
Grant Deed
$909,920 · Branch Banking & Trust Co
Jun 14, 2010
$784,000
Tryon Investment Group LLC
Bryant,richard D & Martha J
Warranty Deed
$705,600 · Branch Banking & Trust Co
Nov 20, 2007
—
Richard D Bryant
—
Trustees Deed
related
$148,000 · Branch Banking & Trust Co
Mar 8, 2007
—
Richard D Bryant
—
Trustees Deed
related
$702,000 · Branch Banking & Trust Co
Jan 7, 2005
$135,000
Richard D Bryant
Sjoberg,alf & Karan
Warranty Deed
—
—
—
Richard D Bryant
—
Deed Of Trust
related
$60,000 · Branch Banking & Trust Co
—
—
504 Meadowlands LLC
—
Deed Of Trust
related
$1,011,500 · Branch Banking & Trust Co
—
—
Richard D Bryant
—
Deed Of Trust
related
$848,000 · Branch Banking & Trust Co
—
—
Richard D Bryant
—
Deed Of Trust
related
$225,000 · Branch Banking & Trust Co
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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