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Property profile & analytics
OFF-MARKET
Office buildings
113 Main St, China Grove, NC 28023-2527
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2309480
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
616 SF
Lot
0.06 ac (2,570 SF)
Zoning code
B2
APN
102 105
UPID
US53-2309480
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
-
Tea for Two Cafe & Coffee Shop
-
Madison Insurance Group Insurance Agency
-
Main Street Tobacco (Bike/Boat/Book/etc) Store
-
A Better Choice Insurance Agency China Grove Insurance Agency
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
Raymond Lee Stowe · 4 yrs held
Raymond Lee Stowe
since 2022
Last sale
$42,000
1 recorded transaction
Zoning & alternative use
B2 · China Grove, 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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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
$554
Tax year 2023
Assessed value
$51,282
Assessed 2023
Previous assessed
$37,274
+37.6% YoY
Effective rate
1.08%
On assessed value
Assessed land
$13,440
Assessed improvement
$37,842
Land market value
$13,440
Improvement market value
$37,842
Total market value
$51,282
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1925
Heating
CENTRAL
Cooling
YES
Stories
1
Units
1
Total area
616 SF
Lot
0.06 ac (2,570 SF)
Zoning code
B2
APN
102 105
UPID
US53-2309480
Jurisdiction
ROWAN
Zoning & alternative use
B2 · China Grove, NC
Zoning B2 · permitted uses
B2 · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Raymond Lee Stowe
Individual
Mailing address
PO BOX 1057, MARS HILL, NC 28754-1057
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
$42,000
Raymond Lee Stowe
S Worth Freeze Insurance Agency INC
Warranty Deed
$42,000 · Michael Freeman
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.
Try Rey
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