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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
Mccormick Hwy Lincolnton, GA 30817
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-3465205
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
5,400 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C-1
APN
45 063A
UPID
US22-3465205
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$545k
Owner & transaction history
Corey Lee Truitt · 5 yrs held
Corey Lee Truitt
since 2021
Last sale
$600,000
1 recorded transaction
Zoning & alternative use
C-1 · Lincolnton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to be a general commercial zone to provide a wide variety of commercial and service facilities
Zone name
General Commercial
General category
COMMERCIAL
Zone area
134.87 ac
Source
Realmo
Top alternative use upside
Office building
$900,000
+146.5%
Retail stores
$670,000
+82.9%
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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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
$475,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$365,000
Current use
OFFICE BUILDING
$900,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +83% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $600k (May 25 2021)
Last sale anchor
$600k
May 25 2021
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
$101 / 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
$3,379
Tax year 2023
Assessed value
$128,480
Assessed 2023
Previous assessed
$128,480
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$19,760
Assessed improvement
$108,720
Land market value
$49,400
Improvement market value
$271,800
Total market value
$321,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Total area
5,400 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C-1
APN
45 063A
UPID
US22-3465205
Jurisdiction
LINCOLN
Zoning & alternative use
C-1 · Lincolnton, GAZoning C-1 · permitted uses
C-1 · Lincolnton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to be a general commercial zone to provide a wide variety of commercial and service facilities
Zone name
General Commercial
General category
COMMERCIAL
Zone area
134.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$365,000
OFFICE BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$670,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Lot
3.9 ac
Current owner
From public records · entity-resolved
Corey Lee Truitt
Individual
Mailing address
220 BARRETT ST, HARLEM, GA 30814-5049
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$600,000
Corey Lee Truitt
Roy Wood
Warranty Deed
$607,416 · First State 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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