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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Industrial properties
8500 Norcross Rd, Colfax, NC 27235-8703
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-1020203
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
FRAME
Total area
23,808 SF
Lot
3.73 ac (162,479 SF)
Zoning code
LI
APN
170709
UPID
US53-1020203
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
-
American Business Forms (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$990k
Owner & transaction history
Schermasikes Real Est Holdings · 13 yrs held
Schermasikes Real Est Holdings
since 2012
7 recorded transactions
Zoning & alternative use
LI · Colfax, 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 Colfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colfax 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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$42 / 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
$7,033
Tax year 2023
Assessed value
$811,700
Assessed 2023
Previous assessed
$811,700
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$373,000
Assessed improvement
$438,700
Land market value
$373,000
Improvement market value
$438,700
Total market value
$811,700
Applied tax rate
88.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
2
Total area
23,808 SF
Lot
3.73 ac (162,479 SF)
Zoning code
LI
APN
170709
UPID
US53-1020203
Jurisdiction
GUILFORD
Zoning & alternative use
LI · Colfax, NC
Zoning LI · permitted uses
LI · Colfax, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colfax. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
3.73 ac
Current owner
From public records · entity-resolved
Schermasikes Real Est Holdings
Entity
Mailing address
8500 NORCROSS RD, COLFAX, NC 27235-8703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2020
—
Schermasikes R & E Hldgs LLC
—
Deed
related
$358,000 · Southern First Bk NA
Aug 16, 2016
—
Schermasikes Real Estate Holdings L
—
Deed
related
$550,000 · Yadkin Bank
Oct 2, 2012
—
Schermasikes Real Est Holdings
Schermasikes Mngt Group INC
Quit Claim Deed
—
Sep 14, 2001
$750,000
Schermasikes Management Gr
Wennonah Realty
Grant Deed
—
—
—
Schermasikes Management Grp Ll
—
Deed Of Trust
related
$830,000 · Premier Commercial Bank
—
—
Schermasikes Managemt Groupinc
—
Deed Of Trust
related
$871,500 · Southland Associates
—
—
Schermasikes R & E Hldgs LLC
—
Deed Of Trust
related
$358,000 · Southern First Bk NA
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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