Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    114 Academy St Randleman, NC 27317-1502
    Back to Search
    Property profile & analytics

    114 Academy St, Randleman, NC 27317-1502

    View on Map
    • Investment properties
    • 3,040 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US53-3524981
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Salon West / Hair Salon
    • D T HILL TRUCKING LLC / Logistics Company / Freight Service

    Property Details for 114 Academy St

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.04 lot acres
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7765136555
    APU
    7765136555

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2019 — Jang & Buck LLC Brown,larry E JR & Kimberly W Grant Deed —
    Jun 1, 2018 $75,000 Daniel J Yagmin Coble,james L JR Warranty Deed $50k · James L JR Coble

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Randleman
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.8037
    Latitude
    35.818
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $801
    $13,780
    $57,140
    $70,920
    -
    $13,780
    $57,140
    $70,920

    Comparable in this City

    • Value Estimation by Request
      1,302 SF

      329 Main St

      STORE/OFFICE (MIXED USE)
      329 Main St, Randleman, NC 27317-1815
      View Details
    • Value Estimation by Request
      745 SF

      201 Naomi St

      STORE/OFFICE (MIXED USE)
      201 Naomi St, Randleman, NC 27317-1843
      View Details
    • Value Estimation by Request
      930 SF

      209 Railroad Ave

      STORE/OFFICE (MIXED USE)
      209 Railroad Ave, Randleman, NC 27317-1711
      View Details
    • Value Estimation
      $550,000
      6,400 SF

      506 Academy St

      STORE/OFFICE (MIXED USE)
      506 Academy St, Randleman, NC 27317-1510
      View Details
    • Value Estimation by Request
      3,482 SF

      142 Main St

      STORE/OFFICE (MIXED USE)
      142 Main St, Randleman, NC 27317
      View Details
    • Value Estimation by Request
      1,684 SF

      735 Main St

      STORE/OFFICE (MIXED USE)
      735 Main St, Randleman, NC 27317-2101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3 Acres Land For Sale

      3 acres of land with potential for various uses.
      00 Old Walker Mill Road Ext, Randleman, NC 27317
      View Details
    • $55,000

      Wooded Tract with Scenic Pond

      Land with pond ideal for recreation or private retreat.
      7111 Cedar Valley Dr, Randleman, NC 27317
      View Details
    • $258,000
      6.80 Acres

      Vacant Land in Randleman, NC

      Vacant commercial land with road frontage and river views.
      216 Russell Walker Ave, Randleman, NC 27317
      View Details
    • $59,900
      1,947 SF

      Randleman Automotive Repair Shop

      1947 SF building suitable for auto repair or retail.
      2801 Old Liberty Rd, Randleman, NC 27317
      View Details
    • Contact for pricing

      Sprawling Land Parcel Near Lake

      Approximately 17-acre land parcel with extensive road frontage near lake.
      00 Little Fox Rd, Randleman, NC 27317
      View Details
    • $598,000

      Sprawling Land Near Rendleman Lake

      Approximately 17-acre corner parcel near Rendleman Lake.
      00 Tigers Den Rd, Randleman, NC 27317
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,240 SF

      Commercial Building in Randleman, NC

      Commercial building for rent, suitable for various business types.
      9712 Us Highway 220 Bus N, Randleman, NC 27317
      View Details
    • Contact for pricing

      Manufacturing and Distribution Facility Available

      200,000 SF manufacturing and distribution facility for lease.
      3 Parrish Dr, Randleman, NC 27317
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    114 Academy St
    Randleman, NC 27317-1502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114 Academy St, Randleman, NC, 27317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!