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Property profile & analytics
OFF-MARKET
Estimated value
$13,005,000
Industrial properties
605 Pne St, Spring Hope, NC 27882-7875
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2673367
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1975
Total area
96,640 SF
Lot
17.82 ac (776,239 SF)
Zoning code
R8
APN
286017-11-2112
UPID
US53-2673367
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
-
Belt Concepts of America Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.06M
Comparable Approach
Comparable
$14.75M
Blend (final)
Blend
$13.01M
Owner & transaction history
Richemon USA INC · 1 yrs held
Richemon USA INC
since 2024
4 recorded transactions
Zoning & alternative use
R8 · Spring Hope, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.6M
+40.4%
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 Spring Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Hope 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%
$14,150,000
6.5%
$13,060,000
7%
$12,130,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,415,000
Current use
OFFICE BUILDING
$21,640,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$13.01M
Range $11.70M – $14.31M · ±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
$135 / 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
$51,632
Tax year 2024
Assessed value
$2,727,510
Assessed 2024
Previous assessed
$2,727,510
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$230,760
Assessed improvement
$2,496,750
Land market value
$230,760
Improvement market value
$2,496,750
Total market value
$2,727,510
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1975
Heating
YES
Total area
96,640 SF
Lot
17.82 ac (776,239 SF)
Zoning code
R8
APN
286017-11-2112
UPID
US53-2673367
Jurisdiction
NASH
Zoning & alternative use
R8 · Spring Hope, NC
Zoning R8 · permitted uses
R8 · Spring Hope, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Hope. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$15.4M
OFFICE BUILDING
Est. value
$21.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1975
Heating
YES
Lot
17.82 ac
Current owner
From public records · entity-resolved
Richemon USA INC
Entity
Free & Clear · 1 yrs held
Mailing address
13975 N RIVERPORT DR #105, MARYLAND HEIGHTS, MO 63043
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
—
Richemon USA INC
Rlih Bca Re LLC
Deed
—
Aug 1, 2024
$4,900,000
Richemon USA INC
Rliii Bca Re LLC
Special Warranty Deed
—
Feb 7, 2023
—
Rlih Bca Re LLC
—
Deed
related
$3,200,000 · Cambridge Savings Bank
Oct 12, 2021
—
Rlih Bca Re LLC
Belt Concepts Of America INC
Warranty Deed
—
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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