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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Garden apartment buildings
1007 Main St Mount Airy, NC 27030-4761
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4245236
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1936
Construction
WOOD
Total area
8,540 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B2
APN
5020-16-92-5721
UPID
US53-4245236
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Mt Airy Apartment Housing LLC · 2 yrs held
Mt Airy Apartment Housing LLC
since 2023
Last sale
$890,000
4 recorded transactions
Zoning & alternative use
B2 · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$910,000
+22.7%
Auto repair, garage
$865,000
+17.0%
Retail stores
$835,000
+12.4%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$1,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$740,000
Current use
COMMERCIAL (GENERAL)
$910,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$865,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +3% · Conversion: Moderate
RESTAURANT
$740,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $890k (Aug 17 2023)
Last sale anchor
$890k
Aug 17 2023
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
$114 / 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
$2,687
Tax year 2024
Assessed value
$309,520
Assessed 2024
Previous assessed
$317,970
-2.7% YoY
Effective rate
0.87%
On assessed value
Assessed land
$42,000
Assessed improvement
$267,520
Land market value
$42,000
Improvement market value
$267,520
Total market value
$309,520
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
13
Total area
8,540 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B2
APN
5020-16-92-5721
UPID
US53-4245236
Jurisdiction
SURRY
Zoning & alternative use
B2 · Mount Airy, NC
Zoning B2 · permitted uses
B2 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$865,000
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$765,000
RESTAURANT
Est. value
$740,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
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
1936
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
13
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mt Airy Apartment Housing LLC
Entity
Mailing address
4030 WAKE FRST RD #349, RALEIGH, NC 27609-0010
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Mt Airy Apartment Housing LLC
—
Deed
related
$865,600 · Conventus LLC
Aug 17, 2023
—
Mt Airy Apartment Housing LLC
Offer Elite Nc LLC
Warranty Deed
$846,050 · Conventus LLC
Jul 15, 2016
$100,000
Bray Properties, LLC
Sergios Apartments LLC
Warranty Deed
—
Feb 27, 2008
$174,000
Kirkman Apartments LLC
James R Crump JR
Warranty Deed
$250,000 · Surrey Bank & Trust
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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