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Property profile & analytics
OFF-MARKET
Estimated value
$27,090,000
Distribution centers
705 Canterbury Rd Kings Mountain, NC 28086-9682
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0605255
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Total area
469,498 SF
Lot
35.38 ac (1,541,153 SF)
Zoning code
STOR2
APN
154313
UPID
US53-0605255
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
-
Hanesbrands Inc. Warehouse & Storage
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.73M
Blend (final)
Blend
$27.09M
Owner & transaction history
705 Canterbury Owner LLC · 4 yrs held
705 Canterbury Owner LLC
since 2021
Last sale
$32.2M
7 recorded transactions
Zoning & alternative use
STOR2 · Kings Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$41.5M
+133.7%
Auto repair, garage
$38.3M
+115.8%
Retail stores
$31.7M
+78.2%
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 Kings Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kings Mountain 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
$19,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,760,000
Current use
RESTAURANT
$41,510,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,335,000
Change: +116% · Conversion: Easy
RETAIL STORES
$31,650,000
Change: +78% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$16,395,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$27.09M
Range $24.38M – $29.80M · ±10% · vs last sale $32.21M (Nov 12 2021)
Last sale anchor
$32.21M
Nov 12 2021
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
$58 / 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
$291,381
Tax year 2024
Assessed value
$27,004,770
Assessed 2024
Previous assessed
$27,004,770
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,272,630
Assessed improvement
$25,732,140
Applied tax rate
200.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Heating
YES
Stories
1
Rooms
1
Total area
469,498 SF
Lot
35.38 ac (1,541,153 SF)
Zoning code
STOR2
APN
154313
UPID
US53-0605255
Jurisdiction
GASTON
Zoning & alternative use
STOR2 · Kings Mountain, NC
Zoning STOR2 · permitted uses
STOR2 · Kings Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kings Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.8M
RESTAURANT
Est. value
$41.5M
AUTO REPAIR, GARAGE
Est. value
$38.3M
RETAIL STORES
Est. value
$31.7M
INDUSTRIAL (GENERAL)
Est. value
$16.4M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1995
Heating
YES
Stories
1
Rooms
1
Lot
35.38 ac
Current owner
From public records · entity-resolved
705 Canterbury Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1633 BROADWAY FL, NEW YORK, NY 10019-6738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 6, 2026
—
705 Canterbury Owner LLC
—
Deed
related
$18,000,000 · Wintrust Bank
Nov 12, 2021
$32,211,000
705 Canterbury Owner LLC
Lhb Kings Mountain LLC
Special Warranty Deed
—
Feb 3, 2015
$21,241,000
Lhb Kings Mountain LLC
Broadway Sarasota LLC
Grant Deed
$18,270,000 · Ladder Cap Fin
Aug 26, 2014
$17,300,000
Broadway Sarasota LLC
Charlotte Canterbury LLC
Grant Deed
—
Feb 16, 2010
—
Charlotte Canterbury LLC
—
Grant Deed
—
—
—
Charlotte Canterbury LLC
—
Deed Of Trust
related
$6,250,000 · Firstrust Bk
—
—
Broadway Sarasota LLC
—
Deed Of Trust
related
$15,000,000 · Firstrust Bk
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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