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Property profile & analytics
FOR LEASE
Flex space
606 Pine Tree Rd Oxford, NC 27565
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2939307
For Lease
1 / 17
$4,150,000
606 Pine Tree Rd, Oxford, NC 27565
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Total area
60,697 SF
Lot
2.78 ac (121,097 SF)
Zoning code
I2
APN
191207682643
UPID
US53-2939307
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
$4.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Ridgewood Group Pt LLC · 4 yrs held
Ridgewood Group Pt LLC
since 2022
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
I2 · Oxford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.6M
+330.6%
Restaurant
$6.6M
+330.2%
Medical building
$6.5M
+323.7%
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 Oxford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxford 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
$4,245,000
ML approach
$4,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,555,000
Change: +331% · Conversion: Difficult
RESTAURANT
$6,550,000
Change: +330% · Conversion: Difficult
MEDICAL BUILDING
$6,450,000
Change: +324% · Conversion: Difficult
RETAIL STORES
$6,260,000
Change: +311% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,615,000
Change: +269% · Conversion: Easy
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $4.10M (Apr 27 2022)
Last sale anchor
$4.10M
Apr 27 2022
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
$68 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$8,195
Tax year 2020
Assessed value
$2,197,011
Assessed 2024
Previous assessed
$969,632
+126.6% YoY
Effective rate
0.37%
On assessed value
Assessed land
$49,755
Assessed improvement
$2,147,256
Land market value
$49,755
Improvement market value
$2,147,256
Total market value
$2,197,011
Applied tax rate
12.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1991
Heating
SPACE
Cooling
WINDOW A/C
Stories
1
Total area
60,697 SF
Lot
2.78 ac (121,097 SF)
Zoning code
I2
APN
191207682643
UPID
US53-2939307
Jurisdiction
GRANVILLE
Zoning & alternative use
I2 · Oxford, NC
Zoning I2 · permitted uses
I2 · Oxford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$6.6M
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.6M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1991
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Ridgewood Group Pt LLC
Entity
Mailing address
4616 16TH AVE, BROOKLYN, NY 11204-1104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 27, 2022
$4,100,000
Ridgewood Group Pt LLC
Lace Lastics Company INC
Special Warranty Deed
$2,993,000 · Broadview Capital LLC
Jan 28, 2019
—
Lace Lastics Company INC
—
Deed
related
$1,500 · Oxford Realty LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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