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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
8530 Chipboard Rd Rural Hall, NC 27045-9670
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US53-1656830
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1969
Construction
WOOD FRAME
Total area
12,000 SF
Lot
9.01 ac (392,476 SF)
Zoning code
GI
APN
6911-51-1777.00
UPID
US53-1656830
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
-
John Spainhour & Sons Grading General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$600k
Owner & transaction history
Rs Partnership LLC · 1 yrs held
Rs Partnership LLC
since 2024
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
GI · Rural Hall, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
274.36 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 Rural Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rural Hall 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Aug 30 2024)
Last sale anchor
$600k
Aug 30 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
$50 / 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
$2,167
Tax year 2023
Assessed value
$275,400
Assessed 2024
Previous assessed
$275,400
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$168,600
Assessed improvement
$106,800
Land market value
$168,600
Improvement market value
$106,800
Total market value
$275,400
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Rooms
10
Bathrooms
2
Total area
12,000 SF
Lot
9.01 ac (392,476 SF)
Zoning code
GI
APN
6911-51-1777.00
UPID
US53-1656830
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Rural Hall, NCZoning GI · permitted uses
GI · Rural Hall, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
274.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
10
Bathrooms
2
Lot
9.01 ac
Current owner
From public records · entity-resolved
Rs Partnership LLC
Entity
Mailing address
639 OLD US 52ND RD S, MOUNT AIRY, NC 27030-8042
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$600,000
Rs Partnership LLC
John Henry Spainhour
Special Warranty Deed
—
Jan 23, 2024
—
John Henry Spainhour & Sons Grading
Ivan Dale Spainhou
Intrafamily Transfer
related
—
Oct 26, 2018
—
John Henry Spainhour SR.
—
Deed
related
$220,000 · The Fidelity Bank
Jun 15, 2017
—
John Henry Spainhour
—
Deed
related
$150,000 · The Fidelity Bank
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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