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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
106 Main St Davidson, NC 28036-8096
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2288077
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1921
Total area
1,092 SF
Lot
0.06 ac (2,639 SF)
Zoning code
VCE
APN
325814
UPID
US53-2288077
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
-
The Jewel Box (Bike/Boat/Book/etc) Store
-
MINE by Sandy on Main Clothing & Fashion Store
-
Dancing Lily Unique Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$530k
Owner & transaction history
106 S Main Davidson LLC · 5 yrs held
106 S Main Davidson LLC
since 2021
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
VCE · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Village Center Planning Area is established to protect and cultivate the unique environment of Davidsons historic downtown. It is the community commercial, civic, cultural, and transportation hub. The Village Center should include places for public gatherings, civic and cultural events, and public art. Infill development must complement the traditional b…
Zone name
Village Center
General category
CIVIC_INSTITUTIONAL
Zone area
19.38 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$705,000
+103.8%
Medical building
$395,000
+13.9%
Office building
$365,000
+4.9%
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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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
$555,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$345,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: +104% · Conversion: Easy
MEDICAL BUILDING
$395,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Jun 17 2021)
Last sale anchor
$500k
Jun 17 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
$485 / 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
$3,885
Tax year 2023
Assessed value
$525,600
Assessed 2024
Previous assessed
$525,600
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$390,400
Assessed improvement
$135,200
Land market value
$390,400
Improvement market value
$135,200
Total market value
$525,600
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1921
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
1,092 SF
Lot
0.06 ac (2,639 SF)
Zoning code
VCE
APN
325814
UPID
US53-2288077
Jurisdiction
MECKLENBURG
Zoning & alternative use
VCE · Davidson, NCZoning VCE · permitted uses
VCE · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Village Center Planning Area is established to protect and cultivate the unique environment of Davidsons historic downtown. It is the community commercial, civic, cultural, and transportation hub. The Village Center should include places for public gatherings, civic and cultural events, and public art. Infill development must complement the traditional built environment and encourage small, independent retailers.
Zone name
Village Center
General category
CIVIC_INSTITUTIONAL
Zone area
19.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$705,000
MEDICAL BUILDING
Est. value
$395,000
OFFICE BUILDING
Est. value
$365,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1921
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
106 S Main Davidson LLC
Entity
Mailing address
600 BRIDLEPATH TRL, DAVIDSON, NC 28036-7055
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$500,000
106 S Main Davidson LLC
Exodus Capital LLC
Warranty Deed
$400,000 · First Harrison Bank
Mar 6, 2015
$360,000
Exodus Capital LLC
Knox Russell B Trust
Warranty Deed
—
Aug 19, 2004
—
Knox Russell B Trust
Knox Russell B Trust
Quit Claim Deed
related
—
Jan 14, 2004
$175,000
Knox Russell B Trust
Knox,bobby B & Donna B
Warranty Deed
related
—
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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