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Property profile & analytics
OFF-MARKET
Office buildings
57 Nwnw Blvd Newton, NC 28658-3955
Trust Owned
6-yr Hold
Free & Clear
Property ID
US53-1098824
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Total area
1,044 SF
Lot
0.32 ac (13,939 SF)
Zoning code
P-1
APN
3730-16-74-6859
UPID
US53-1098824
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
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
Ethridge,lottie Trust · 6 yrs held
Ethridge,lottie Trust
since 2020
2 recorded transactions
Zoning & alternative use
P-1 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the P-1 district is to serve as a transitional zone between residential and business or industrial areas, allowing a moderate to high intensity mix of residential, office, and institutional uses, with lower intensities near adjacent residential districts and access focused on arterial or collector roads.
Zone name
Office And Institutional
General category
INDUSTRIAL
Zone area
42.30 ac
Source
Realmo
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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 2023Property tax & assessments
Tax year 2023
Tax billed
$844
Tax year 2023
Assessed value
$99,500
Assessed 2023
Previous assessed
$99,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$47,400
Assessed improvement
$52,100
Land market value
$47,400
Improvement market value
$52,100
Total market value
$99,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,044 SF
Lot
0.32 ac (13,939 SF)
Zoning code
P-1
APN
3730-16-74-6859
UPID
US53-1098824
Jurisdiction
CATAWBA
Zoning & alternative use
P-1 · Newton, NCZoning P-1 · permitted uses
P-1 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the P-1 district is to serve as a transitional zone between residential and business or industrial areas, allowing a moderate to high intensity mix of residential, office, and institutional uses, with lower intensities near adjacent residential districts and access focused on arterial or collector roads.
Zone name
Office And Institutional
General category
INDUSTRIAL
Zone area
42.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Ethridge,lottie Trust
Trust
Free & Clear · 6 yrs held
Mailing address
15 OAK DR, CHATHAM, NJ 07928-1813
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Ethridge,lottie Trust
Lottie J Ethridge
Quit Claim Deed
related
—
May 1, 2020
—
Ethirdge,lottie Trust
Lottie J Ethridge
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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