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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Warehouses
835 Klopman Ml Rd, Denton, NC 27239-7791
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-1334629
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
79,200 SF
Lot
189.02 ac (8,233,711 SF)
Zoning code
RM1
APN
07-042-0-000-0024
UPID
US53-1334629
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.64M
Owner & transaction history
Loflin Cliff
Loflin Cliff
since 2026
4 recorded transactions
Zoning & alternative use
RM1 · Denton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+19.2%
Commercial (general)
$5.1M
+15.3%
Apartment house (5+ units)
$4.8M
+9.0%
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 Denton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denton 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
WAREHOUSE, STORAGE
$4,445,000
Current use
AUTO REPAIR, GARAGE
$5,300,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,125,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,840,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,970,000
Change: -11% · Conversion: Easy
RETAIL STORES
$3,930,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±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
$46 / 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
$28,709
Tax year 2024
Assessed value
$2,556,650
Assessed 2024
Previous assessed
$2,556,650
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$1,759,190
Improvement market value
$2,066,210
Total market value
$3,825,400
Applied tax rate
7.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
10
Total area
79,200 SF
Lot
189.02 ac (8,233,711 SF)
Zoning code
RM1
APN
07-042-0-000-0024
UPID
US53-1334629
Jurisdiction
DAVIDSON
Zoning & alternative use
RM1 · Denton, NC
Zoning RM1 · permitted uses
RM1 · Denton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
10
Lot
189.02 ac
Current owner
From public records · entity-resolved
Loflin Cliff
Individual
Free & Clear · 0 yrs held
Mailing address
9854 NC HWY 49TH S, DENTON, NC 27239-8376
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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 22, 2026
—
Loflin Cliff
Hoyt Loflin
Warranty Deed
related
—
Dec 10, 2021
—
Cliff Hoyt Loflin
Laura Ann Loflin
Intrafamily Transfer
related
—
Nov 8, 2013
$880,000
Cliff Loflin
Denton 189 LLC
Warranty Deed
—
Aug 16, 2012
$850,000
Denton 189 LLC
Denton Distribution LLC
Warranty Deed
$850,000 · L & M Investment Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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