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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
115 2nd Ave Mayodan, NC 27027-2406
Entity Owned
~
Est. High Equity
Property ID
US53-2445058
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
9,230 SF
Lot
0.72 ac (31,146 SF)
Zoning code
CENTRAL COMM MAYODAN
APN
7917-19-50-7618-00
UPID
US53-2445058
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$1.14M
Owner & transaction history
115 N 2nd Ave LLC
115 N 2nd Ave LLC
since 2026
6 recorded transactions
Zoning & alternative use
CENTRAL COMM MAYODAN · Mayodan, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+39.0%
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 Mayodan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayodan 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%
$1,515,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$124 / 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
$12,529
Tax year 2023
Assessed value
$901,367
Assessed 2023
Previous assessed
$901,367
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$112,956
Assessed improvement
$788,411
Land market value
$112,956
Improvement market value
$788,411
Total market value
$901,367
Applied tax rate
104.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Heating
HEAT PUMP
Stories
1
Total area
9,230 SF
Lot
0.72 ac (31,146 SF)
Zoning code
CENTRAL COMM MAYODAN
APN
7917-19-50-7618-00
UPID
US53-2445058
Jurisdiction
ROCKINGHAM
Zoning & alternative use
CENTRAL COMM MAYODAN · Mayodan, NC
Zoning CENTRAL COMM MAYODAN · permitted uses
CENTRAL COMM MAYODAN · Mayodan, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mayodan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$795,000
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
2011
Heating
HEAT PUMP
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
115 N 2nd Ave LLC
Entity
Mailing address
100 MSN RDG, GOODLETTSVILLE, TN 37072-2171
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
Apr 28, 2026
$979,000
115 N 2nd Ave LLC
Mcleod Family Foundation INC
Special Warranty Deed
$734,250 · First Sentinel Bank
Dec 7, 2023
—
Dolgencorp LLC
Mcleod Family Fountain INC
Lease
—
Nov 15, 2016
—
Mcleod Family Foundation INC
—
Deed
related
$800,000 · Freedom First Cu
Jul 13, 2012
$955,000
Mcleod Foundation INC
Estocin Dg LLC
Special Warranty Deed
$651,000 · Stellarone Bank
Sep 16, 2010
$145,000
Estocin Dg LLC
Shelton,lawrence E & Deborah H
Warranty Deed
$730,000 · Southern Community Bank
—
—
Mcleod Family Foundation INC
—
Deed Of Trust
related
$800,000 · Freedom First Cu
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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