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Property profile & analytics
OFF-MARKET
Estimated value
$5,680,000
Warehouses
9595 Nc Hwy 16, Newton, NC 28658-2056
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-5474762
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
52,800 SF
Lot
6.11 ac (266,152 SF)
Zoning code
M-1
APN
3741-19-71-2835
UPID
US53-5474762
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
$5.50M
CAP Approach
CAP
$6.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.68M
Owner & transaction history
Ps Nc III LP · 3 yrs held
Ps Nc III LP
since 2022
Last sale
$5.7M
2 recorded transactions
Zoning & alternative use
M-1 · Newton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.2M
+309.6%
Auto repair, garage
$5.4M
+256.7%
Retail stores
$5.1M
+238.1%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
$4,585,000
ML approach
$5,495,000
CAP Approach
CAP Return
Estimation
6%
$7,505,000
6.5%
$6,925,000
7%
$6,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,180,000
Change: +310% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,380,000
Change: +257% · Conversion: Easy
RETAIL STORES
$5,100,000
Change: +238% · Conversion: Moderate
OFFICE BUILDING
$4,810,000
Change: +219% · Conversion: Difficult
Blend value · Realmo final
$5.68M
Range $5.11M – $6.25M · ±10% · vs last sale $5.70M (Sep 29 2022)
Last sale anchor
$5.70M
Sep 29 2022
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
$108 / 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
$15,448
Tax year 2024
Assessed value
$3,092,600
Assessed 2024
Previous assessed
$3,088,500
+0.1% YoY
Effective rate
0.50%
On assessed value
Assessed land
$153,800
Assessed improvement
$2,938,800
Land market value
$153,800
Improvement market value
$2,938,800
Total market value
$3,092,600
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
2019
Heating
NONE
Cooling
NONE
Units
253
Total area
52,800 SF
Lot
6.11 ac (266,152 SF)
Zoning code
M-1
APN
3741-19-71-2835
UPID
US53-5474762
Jurisdiction
CATAWBA
Zoning & alternative use
M-1 · Newton, NC
Zoning M-1 · permitted uses
M-1 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2019
Heating
NONE
Cooling
Yes
Units
253
Lot
6.11 ac
Current owner
From public records · entity-resolved
Ps Nc III LP
Entity
Free & Clear · 3 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$5,700,000
Ps Nc III LP
Moore Investments Of North Carolina
Special Warranty Deed
—
Apr 1, 2021
—
Moore Investments Of North Carolina
—
Deed
related
$892,242 · Peoples 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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