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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Manufacturing properties
705 Lovelady NE Rd, Valdese, NC 28690-8856
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-1113633
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Construction
WOOD FRAME
Total area
194,159 SF
Lot
41.19 ac (1,794,236 SF)
Zoning code
GENERAL MANUF DIST
APN
45491
UPID
US53-1113633
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
-
Valdese Weavers Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$4.94M
Owner & transaction history
Town Of Valdese · 5 yrs held
Town Of Valdese
since 2020
4 recorded transactions
Zoning & alternative use
GENERAL MANUF DIST · Valdese, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.9M
+53.9%
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 Valdese submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valdese 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,845,000
Current use
WAREHOUSE, STORAGE
$5,920,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±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
$25 / 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
$45,577
Tax year 2024
Assessed value
$4,674,513
Assessed 2024
Previous assessed
$4,674,513
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$423,140
Assessed improvement
$4,251,373
Land market value
$423,140
Improvement market value
$4,251,373
Total market value
$4,674,513
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
YES
Stories
1
Total area
194,159 SF
Lot
41.19 ac (1,794,236 SF)
Zoning code
GENERAL MANUF DIST
APN
45491
UPID
US53-1113633
Jurisdiction
BURKE
Zoning & alternative use
GENERAL MANUF DIST · Valdese, NC
Zoning GENERAL MANUF DIST · permitted uses
GENERAL MANUF DIST · Valdese, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valdese. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
Construction
WOOD FRAME
Heating
YES
Stories
1
Lot
41.19 ac
Current owner
From public records · entity-resolved
Town Of Valdese
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 70, VALDESE, NC 28690-0070
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Shuford Development INC
—
Deed
related
—
Aug 6, 2020
—
Town Of Valdese
Shuford Dev INC
Warranty Deed
—
Apr 26, 2007
$3,919,000
Shuford Dev INC
Owner Name Unavailable
Grant Deed
—
Apr 25, 2007
$3,919,000
Shuford Development INC
Carolina Mills INC
Grant 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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