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Property profile

550 Cloniger Dr Thomasville, NC 27360

OFF-MARKET
Manufacturing properties
Property ID
US53-1357319
154,870 SF 62.93 ac lot Built 2004
Entity Owned 6-yr Hold Free & Clear

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2004
Construction STEEL FRAME
Total area 154,870 SF
Lot 62.93 ac (2,741,231 SF)
Zoning code M1
APN 16-336-0-000-0004-A
UPID US53-1357319

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.74M
Blend (final) Blend
$11.75M

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2004
Price N/A
2004
$1.9M
2004
$700,000

Zoning & alternative use

M1 · Thomasville, NC
Top alternative use upside
Commercial (general) $12.0M +54.4%
Auto repair, garage $10.4M +33.6%
Apartment house (5+ units) $9.8M +26.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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