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Property profile & analytics
OFF-MARKET
Commercial real estate
106 Dalton Rd King, NC 27021-8725
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-3675663
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,304 SF
Zoning code
B-1
APN
599216933646
UPID
US53-3675663
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
-
Tim Bruce Art Gallery Art Gallery
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
The Dalton LLC
The Dalton LLC
since 2026
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
B-1 · King, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the B-1 old business district is to accommodate the clustered commercial activities that developed near the intersection of E and W Dalton road and south main street at the heart of Old downtown king. Development is characterized by uses sharing common walls, minimal setbacks and limited off-street parking. This district shall have no outdoor s…
Zone name
Old Business District
General category
COMMERCIAL
Zone area
5.22 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 King submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King 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
$1,037
Tax year 2024
Assessed value
$87,900
Assessed 2024
Previous assessed
$87,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$25,000
Assessed improvement
$62,900
Land market value
$25,000
Improvement market value
$62,900
Total market value
$87,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
NONE
Stories
1
Bathrooms
2
Total area
2,304 SF
Zoning code
B-1
APN
599216933646
UPID
US53-3675663
Jurisdiction
STOKES
Zoning & alternative use
B-1 · King, NCZoning B-1 · permitted uses
B-1 · King, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the B-1 old business district is to accommodate the clustered commercial activities that developed near the intersection of E and W Dalton road and south main street at the heart of Old downtown king. Development is characterized by uses sharing common walls, minimal setbacks and limited off-street parking. This district shall have no outdoor storage
Zone name
Old Business District
General category
COMMERCIAL
Zone area
5.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
1
Bathrooms
2
Current owner
From public records · entity-resolved
The Dalton LLC
Entity
Mailing address
116 FAIR OAKS DR, KING, NC 27021-8795
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 11, 2026
$300,000
The Dalton LLC
Harold Butts Tyler
Warranty Deed
$320,000 · Allegacy FCU
Apr 11, 2024
$280,000
Tyler Butts
Nancy T Singleton
Warranty Deed
—
Nov 15, 2022
$172,000
Nancy T Singleton
Tim Bruce Illustrations INC
Warranty Deed
—
May 10, 2017
—
Tim Bruce Illustrations INC
—
Deed
related
$67,000 · First Citizens Bank & Trust Co
Jul 15, 2015
$80,000
Tim Bruce Illustrations INC
C & H Partnership
Warranty Deed
$80,000 · C Partners
Jul 8, 2014
$46,000
C & H Partnership
Ricky Vance Wall
Warranty 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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