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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Manufacturing properties
5910 Pharr Ml Rd, Harrisburg, NC 28075-8625
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-5254728
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
STEEL FRAME
Total area
29,725 SF
Lot
100.58 ac (4,381,265 SF)
Zoning code
I-1
APN
5517 69 2881
UPID
US53-5254728
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
-
MINERAL RESEARCH AND DEVELOPMENT Medical Clinic
-
Venator Chemicals Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.14M
Owner & transaction history
Department Of Transportation · 11 yrs held
Department Of Transportation
since 2014
2 recorded transactions
Zoning & alternative use
I-1 · Harrisburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+149.2%
Commercial (general)
$3.3M
+100.2%
Apartment house (5+ units)
$2.4M
+45.0%
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 Harrisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisburg 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%
$3,265,000
6.5%
$3,015,000
7%
$2,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,165,000
Change: +149% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,345,000
Change: +100% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,425,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$2,400,000
Change: +44% · Conversion: Moderate
RESTAURANT
$2,165,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,035,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$105 / 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
$77,385
Tax year 2024
Assessed value
$7,848,420
Assessed 2024
Previous assessed
$5,914,980
+32.7% YoY
Effective rate
0.99%
On assessed value
Assessed land
$5,313,090
Assessed improvement
$2,535,330
Land market value
$5,313,090
Improvement market value
$2,535,330
Total market value
$7,848,420
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
16
Stories
1
Bathrooms
8
Total area
29,725 SF
Lot
100.58 ac (4,381,265 SF)
Zoning code
I-1
APN
5517 69 2881
UPID
US53-5254728
Jurisdiction
CABARRUS
Zoning & alternative use
I-1 · Harrisburg, NC
Zoning I-1 · permitted uses
I-1 · Harrisburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harrisburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
16
Bathrooms
8
Lot
100.58 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1330, HARRISBURG, NC 28075-1330
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2014
—
Department Of Transportation
Chemical Specialties LLC
Grant Deed
related
—
Aug 4, 2004
—
Chemical Specialties INC
—
Deed Of Trust
related
$1,777,991,196 · Credit Suisse First Boston
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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