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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Warehouses
721 Shea Rd, Newton, NC 28658-8018
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5757005
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
68,676 SF
Lot
9.15 ac (398,574 SF)
Zoning code
EM-1
APN
3649-10-26-6451
UPID
US53-5757005
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
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.63M
Owner & transaction history
Williams Leisure & Commercial Prop · 1 yrs held
Williams Leisure & Commercial Prop
since 2024
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
EM-1 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+79.1%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
$2,010,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,960,000
Current use
COMMERCIAL (GENERAL)
$3,515,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $3.35M (Sep 20 2024)
Last sale anchor
$3.35M
Sep 20 2024
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
$38 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,732
Tax year 2023
Assessed value
$2,246,900
Assessed 2023
Previous assessed
$2,246,900
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$233,600
Assessed improvement
$2,013,300
Land market value
$233,600
Improvement market value
$2,013,300
Total market value
$2,246,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
68,676 SF
Lot
9.15 ac (398,574 SF)
Zoning code
EM-1
APN
3649-10-26-6451
UPID
US53-5757005
Jurisdiction
CATAWBA
Zoning & alternative use
EM-1 · Newton, NC
Zoning EM-1 · permitted uses
EM-1 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (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
1984
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
9.15 ac
Current owner
From public records · entity-resolved
Williams Leisure & Commercial Prop
Individual
Mailing address
950 N FAIR OAKS AVE, PASADENA, CA 91103-3009
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$3,350,000
Williams Leisure & Commercial Prop
Piccinnis Trader LLC
Warranty Deed
$2,680,000 · Blueharbor Bank
Aug 8, 2024
—
Piccininis Trader LLC
Piccinini Srl
Warranty Deed
—
Sep 7, 2022
$2,500,000
Piccininis Trader LLC
Benvenuti Properties Nc LLC
Special Warranty Deed
—
Sep 7, 2022
$500,000
Piccinini Srl
Benvenuti Properties Nc LLC
Special Warranty Deed
—
Aug 19, 2005
$1,105,000
Benvenuti Properties Nc LLC
Percy & Dixie
Warranty Deed
$900,000 · Percy & Dixie LP
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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