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Property profile & analytics
OFF-MARKET
Office Spaces
838 Oakland Rd, Spindale, NC 28160-2163
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2565307
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Total area
2,601 SF
Lot
1.4 ac (60,984 SF)
Zoning code
GC
APN
1215531
UPID
US53-2565307
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
380 Plaza LLC · 4 yrs held
380 Plaza LLC
since 2022
Last sale
$169,000
4 recorded transactions
Zoning & alternative use
GC · Spindale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Spindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spindale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,894
Tax year 2021
Assessed value
$139,000
Assessed 2023
Previous assessed
$139,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$44,000
Assessed improvement
$95,000
Land market value
$44,000
Improvement market value
$95,000
Total market value
$139,000
Applied tax rate
12.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1975
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
3
Total area
2,601 SF
Lot
1.4 ac (60,984 SF)
Zoning code
GC
APN
1215531
UPID
US53-2565307
Jurisdiction
RUTHERFORD
Zoning & alternative use
GC · Spindale, NC
Zoning GC · permitted uses
GC · Spindale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spindale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
380 Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5609 WEDDINGTON MATTHEWS RD, WEDDINGTON, NC 28104-9419
Ownership since
2022
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
Jun 3, 2022
$169,000
380 Plaza LLC
United Community Bank
Special Warranty Deed
—
Oct 2, 2020
$171,000
Aquesta Bk
Jarrard W Martin|s & S Forest City Nc LLC
Foreclosure
related
—
Apr 12, 2018
$230,000
S&s Forest City Nc LLC
Amazing Grace Of Wnc LLC
Warranty Deed
$787,400 · Aquesta Bank
Feb 13, 2013
—
Amazing Grace Of Wnc LLC
The,american National Red Cross
Grant Deed
$108,000 · Branch Banking & Trust 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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