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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Office buildings
108 Main St, Davidson, NC 28036-8096
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-0137666
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
7,560 SF
Lot
0.06 ac (2,462 SF)
Zoning code
VCE
APN
325813
UPID
US53-0137666
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
-
Davidson Business Association Business Service Center Advocacy Group
-
Pamela Quarles-Adams Fine Art Gallery Art Gallery
-
Vision Capital & Mangement Financial Advisor
-
Good Drip Coffee Cafe & Coffee Shop
-
Lawrence Group Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.50M
Owner & transaction history
Vogen Properties LLC · 19 yrs held
Vogen Properties LLC
since 2007
6 recorded transactions
Zoning & alternative use
VCE · Davidson, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,400,000
Change: -5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: -13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,075,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10%
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
$198 / 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
$12,214
Tax year 2023
Assessed value
$1,652,500
Assessed 2024
Previous assessed
$1,652,500
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$411,200
Assessed improvement
$1,241,300
Land market value
$411,200
Improvement market value
$1,241,300
Total market value
$1,652,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Rooms
3
Total area
7,560 SF
Lot
0.06 ac (2,462 SF)
Zoning code
VCE
APN
325813
UPID
US53-0137666
Jurisdiction
MECKLENBURG
Zoning & alternative use
VCE · Davidson, NC
Zoning VCE · permitted uses
VCE · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davidson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1926
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Vogen Properties LLC
Entity
Mailing address
PO BOX 1750, DAVIDSON, NC 28036-1750
Ownership since
2007
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
Jan 16, 2007
$1,185,000
Vogen Properties LLC
Keener,eugene & Lynne G
Warranty Deed
$999,900 · Aquesta Bank
Jun 16, 1998
$190,000
Eugene Keener
Keener,eugene
Grant Deed
related
—
Dec 19, 1994
$125,000
Park Newspapers Of Mooresv
Park,newspapers
Grant Deed
related
—
Dec 1, 1994
$125,000
Rhp INC
Rhp Incorporated
Grant Deed
related
—
—
—
Vogen Properties LLC
—
Deed Of Trust
related
$832,000 · Branch Banking & Trust Co
—
—
Eugene Keener
—
Deed Of Trust
related
$825,000 · Southern Community Bank
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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