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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
5485 Hwy 150, Lincolnton, NC 28092
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-0713706
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
FRAME
Total area
17,300 SF
Lot
5.41 ac (235,877 SF)
Zoning code
B-N & B-G CZ
APN
81518
UPID
US53-0713706
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
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$865k
Owner & transaction history
Ore Banks LLC · 11 yrs held
Ore Banks LLC
since 2014
5 recorded transactions
Zoning & alternative use
B-N & B-G CZ · Lincolnton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+183.9%
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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,290,000
Change: +184% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$50 / 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
$23,291
Tax year 2024
Assessed value
$3,823,640
Assessed 2024
Previous assessed
$3,823,640
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$282,260
Assessed improvement
$3,541,380
Land market value
$282,260
Improvement market value
$3,541,380
Total market value
$3,823,640
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
10
Stories
1
Total area
17,300 SF
Lot
5.41 ac (235,877 SF)
Zoning code
B-N & B-G CZ
APN
81518
UPID
US53-0713706
Jurisdiction
LINCOLN
Zoning & alternative use
B-N & B-G CZ · Lincolnton, NC
Zoning B-N & B-G CZ · permitted uses
B-N & B-G CZ · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincolnton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
RETAIL STORES
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
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
10
Lot
5.41 ac
Current owner
From public records · entity-resolved
Ore Banks LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1980, DENVER, NC 28037-1980
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2015
—
Ore Banks LLC
—
Trustees Deed
related
$707,700 · Carolina Tr Bk
Nov 17, 2014
$35,000
Ore Banks LLC
Barker,jamie R & Kelley M
Grant Deed
related
—
Jun 13, 2007
—
Ore Banks LLC
Robinson,mark A & Donna M
Warranty Deed
related
$1,439,000 · Peoples Bank & Trust
Mar 14, 2006
$96,000
Mark A Robinson
M & L Ptshp
Warranty Deed
$75,000 · Peoples Bank & Trust
—
—
Ore Banks LLC
—
Deed Of Trust
related
$1,341,000 · Carolina Trust Bank
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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