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Property profile & analytics
OFF-MARKET
Bars & Pubs
1006 Main St, Randleman, NC 27317-7555
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1896991
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1997
Construction
WOOD FRAME
Total area
5,090 SF
Lot
1.95 ac (84,942 SF)
Zoning code
B2
APN
7754868631
UPID
US53-1896991
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
-
Melvin True Value Hardware Building Supply Hardware & Home Improvement
-
Circle Inn Package Store (Bike/Boat/Book/etc) Store Bar & Pub
-
Nitro's Bar & Pub
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
Melvins Department And Variety Stor · 3 yrs held
Melvins Department And Variety Stor
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
B2 · Randleman, 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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,982
Tax year 2023
Assessed value
$706,350
Assessed 2023
Previous assessed
$577,150
+22.4% YoY
Effective rate
1.13%
On assessed value
Assessed land
$183,150
Assessed improvement
$523,200
Land market value
$183,150
Improvement market value
$523,200
Total market value
$706,350
Applied tax rate
6.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,090 SF
Lot
1.95 ac (84,942 SF)
Zoning code
B2
APN
7754868631
UPID
US53-1896991
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Randleman, NC
Zoning B2 · permitted uses
B2 · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Melvins Department And Variety Stor
Entity
Mailing address
1006 S MAIN ST, RANDLEMAN, NC 27317-7555
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 13, 2023
$1,100,000
Melvins Department And Variety Stor
Clarence Ray Jernigan
Warranty Deed
$1,100,000 · Clarence Jernigan
Jan 2, 2015
$100,000
Clarence R Jernigan
Heath James W Trust
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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