New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,355,000
Warehouses
Cuthbertson St, NC
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2732718
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1964
Total area
166,109 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
G-I MONROE
APN
09-118-009
UPID
US53-2732718
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
$11.36M
Owner & transaction history
Down-lite North Carolina LLC · 12 yrs held
Down-lite North Carolina LLC
since 2013
6 recorded transactions
Zoning & alternative use
G-I MONROE · Cuthbertson St, 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 Cuthbertson St submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cuthbertson St 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
$14,400,000
Current use
Blend value · Realmo final
$11.36M
Range $10.22M – $12.49M · ±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
$68 / 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
$35,797
Tax year 2023
Assessed value
$3,282,600
Assessed 2023
Previous assessed
$3,282,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$627,900
Assessed improvement
$2,654,700
Land market value
$627,900
Improvement market value
$2,654,700
Total market value
$3,282,600
Applied tax rate
200.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
YES
Buildings
2
Stories
1
Total area
166,109 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
G-I MONROE
APN
09-118-009
UPID
US53-2732718
Jurisdiction
UNION
Zoning & alternative use
G-I MONROE · Cuthbertson St, NC
Zoning G-I MONROE · permitted uses
G-I MONROE · Cuthbertson St, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cuthbertson St. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.4M
WAREHOUSE, STORAGE Current
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
1964
Heating
YES
Stories
1
Buildings
2
Lot
27.24 ac
Current owner
From public records · entity-resolved
Down-lite North Carolina LLC
Entity
Mailing address
8153 DUKE BLVD, MASON, OH 45040-8104
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
Down-lite North Carolina LLC
—
Grant Deed
related
$5,023,441 · Us Bk Equipment Fin
Nov 20, 2014
—
Down-lite North Carolina LLC
—
Grant Deed
related
$1,108,402 · Us Bk
Aug 2, 2013
$1,000,000
Down-lite North Carolina LLC
Pfi Real Estate Holdings LLC
Warranty Deed
$880,000 · Fifth Third Bank
Jun 25, 2010
$1,560,000
Pfi Real Estate Holdings LLC
Perfect Fit Industries INC
Grant Deed
—
—
—
Down-lite North Carolina LLC
—
Loan Modification
related
$3,496,000 · Us Bk
—
—
Down-lite North Carolina LLC
—
Deed Of Trust
related
$4,500,000 · Pnc Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Own this property?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
