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Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Banks
743 Ingersoll Rand Rd Davidson, NC 28036
Entity Owned
Free & Clear
Property ID
US53-2370129
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Total area
1,344 SF
Lot
4.29 ac (186,916 SF)
Zoning code
EC1
APN
328216
UPID
US53-2370129
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
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
INGERSOLLRAND CO
INGERSOLLRAND CO
Zoning & alternative use
EC1 · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Employment Campus I is established to protect the existing business campus and encourage its expansion and the development of support services. The Employment Campus I offers a unique opportunity to provide multi modal transportation facilities connecting northern neighborhoods to town center.
Zone name
Employment Campus 1
General category
COMMERCIAL
Zone area
4.62 ac
Source
Realmo
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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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
$230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±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
$171 / 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
$5,503
Tax year 2023
Assessed value
$744,500
Assessed 2024
Previous assessed
$769,600
-3.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$491,200
Assessed improvement
$253,300
Land market value
$491,200
Improvement market value
$253,300
Total market value
$744,500
Applied tax rate
3.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,344 SF
Lot
4.29 ac (186,916 SF)
Zoning code
EC1
APN
328216
UPID
US53-2370129
Jurisdiction
MECKLENBURG
Zoning & alternative use
EC1 · Davidson, NCZoning EC1 · permitted uses
EC1 · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Employment Campus I is established to protect the existing business campus and encourage its expansion and the development of support services. The Employment Campus I offers a unique opportunity to provide multi modal transportation facilities connecting northern neighborhoods to town center.
Zone name
Employment Campus 1
General category
COMMERCIAL
Zone area
4.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.29 ac
Current owner
From public records · entity-resolved
INGERSOLLRAND CO
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 940, DAVIDSON, NC 28036-0940
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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