Back to Search
Property profile & analytics
OFF-MARKET
Strip malls
116 Main St Broadway, NC 27505
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-2709178
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1910
Total area
480 SF
Lot
0.04 ac (1,891 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9682-41-3320-00
UPID
US53-2709178
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
-
LGOP Consulting Business Management Consultant
-
Cheryl's Hair Styling Hair Salon Nail Salon
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
Jefferson Sussoni · 2 yrs held
Jefferson Sussoni
since 2024
Last sale
$150,000
3 recorded transactions
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Broadway, 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 Broadway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broadway 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
$358
Tax year 2023
Assessed value
$29,800
Assessed 2023
Previous assessed
$29,800
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$9,500
Assessed improvement
$20,300
Land market value
$9,500
Improvement market value
$20,300
Total market value
$29,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1910
Heating
YES
Cooling
NONE
Stories
1
Total area
480 SF
Lot
0.04 ac (1,891 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9682-41-3320-00
UPID
US53-2709178
Jurisdiction
LEE
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Broadway, NC
Zoning CENTRAL BUSINESS DISTRICT · permitted uses
CENTRAL BUSINESS DISTRICT · Broadway, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Broadway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
YES
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Jefferson Sussoni
Individual
Free & Clear · 2 yrs held
Mailing address
422 LAKELAND ST, DURHAM, NC 27701-4237
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$150,000
Jefferson Sussoni
Samuel J Suslik
Warranty Deed
—
Nov 7, 2023
$130,000
Samuel J Suslik
Cheryl B Lajeunesse
Warranty Deed
—
Feb 14, 2006
—
Cheryl B Wilkins
Wilkins,james L & Cheryl B
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 116 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
