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Property profile & analytics
OFF-MARKET
Manufacturing properties
5600 Holly Shelter Rd, Castle Hayne, NC 28429-6352
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5691135
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
2001
Construction
CONCRETE
Total area
600 SF
Lot
10 ac (435,600 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R01200-002-001-001
UPID
US53-5691135
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
-
Saunders Fleet Service Towing & Recovery Auto Repair Shop
-
Fred Smith Company - Wilmington Plant Building Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
King Asphalt INC · 1 yrs held
King Asphalt INC
since 2025
7 recorded transactions
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, 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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,280
Tax year 2024
Assessed value
$192,000
Assessed 2024
Previous assessed
$192,000
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$192,000
Land market value
$192,000
Total market value
$192,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
600 SF
Lot
10 ac (435,600 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R01200-002-001-001
UPID
US53-5691135
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Zoning I-2,INDUSTRIAL DISTRICT · permitted uses
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
10 ac
Current owner
From public records · entity-resolved
King Asphalt INC
Entity
Free & Clear · 1 yrs held
Mailing address
701 CORPORATE CTR DR STE #101, RALEIGH, NC 27607-5252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
King Asphalt INC
Fsc Il LLC
Special Warranty Deed
—
Mar 7, 2022
—
James K Sanderford
Fss Properties LLC
Special Warranty Deed
—
Mar 7, 2022
$670,000
Fsc II LLC
James K Sanderford
Special Warranty Deed
—
Jun 17, 2010
$350,000
Fss Properties LLC
Rural South LLC
Warranty Deed
$300,000 · Rural South LLC
Mar 27, 2009
—
Rural South LLC
Rabon,james R & Lynn E
Warranty Deed
related
—
Sep 23, 2008
—
James R Rabon
Rivera,francisco J
Deed In Lieu Of Foreclosure
—
Apr 3, 2007
$650,000
Francisco J Rivera
Rabon,james R & Lynn E
Warranty Deed
$587,000 · James R & Lynne E Rabon
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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