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Property profile & analytics
OFF-MARKET
Manufacturing properties
Randolph Rd Shelby, NC 28152
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-3385005
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Total area
1,344 SF
Lot
10.18 ac (443,484 SF)
Zoning code
R10
APN
56995
UPID
US53-3385005
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
by Request
Owner & transaction history
Cleveland Contractors INC · 12 yrs held
Cleveland Contractors INC
since 2014
1 recorded transaction
Zoning & alternative use
R10 · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R10 residential district is primarily intended to accommodate low density moderate density single family detached dwellings and modular homes at a maximum density of approximately four dwelling units per gross acre, public water and sewer service is generally available in areas zoned as R10, non residential uses permitted within this district include cus…
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
4,477.51 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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,086
Tax year 2024
Assessed value
$90,128
Assessed 2023
Previous assessed
$90,128
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$70,295
Assessed improvement
$19,833
Land market value
$70,295
Improvement market value
$19,833
Total market value
$90,128
Applied tax rate
5.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
1,344 SF
Lot
10.18 ac (443,484 SF)
Zoning code
R10
APN
56995
UPID
US53-3385005
Jurisdiction
CLEVELAND
Zoning & alternative use
R10 · Shelby, NCZoning R10 · permitted uses
R10 · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R10 residential district is primarily intended to accommodate low density moderate density single family detached dwellings and modular homes at a maximum density of approximately four dwelling units per gross acre, public water and sewer service is generally available in areas zoned as R10, non residential uses permitted within this district include customary accessory, recreational, educational and institutional land uses that are compatible with the low density residential character of the R10 district
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
4,477.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
10.18 ac
Current owner
From public records · entity-resolved
Cleveland Contractors INC
Entity
Free & Clear · 12 yrs held
Mailing address
445 BORDERS RD, SHELBY, NC 28152-0920
Ownership since
2014
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
Mar 21, 2014
$63,500
Cleveland Contractors INC
Construction Design & Development INC
Grant Deed
—
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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