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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Day care centers
117 Gilead Rd Huntersville, NC 28078-7825
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0586491
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1903
Total area
1,652 SF
Lot
0.55 ac (23,894 SF)
Zoning code
NR
APN
1711621
UPID
US53-0586491
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$650k
Owner & transaction history
Michael Lowry Franklin · 1 yrs held
Michael Lowry Franklin
since 2024
Last sale
$638,000
7 recorded transactions
Zoning & alternative use
NR · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+183.6%
Medical building
$595,000
+58.5%
Retail stores
$525,000
+39.2%
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
$670,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,070,000
Change: +184% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +39% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $638k (Nov 28 2023)
Last sale anchor
$638k
Nov 28 2023
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
$393 / 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
$3,677
Tax year 2023
Assessed value
$566,400
Assessed 2024
Previous assessed
$577,600
-1.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$419,500
Assessed improvement
$146,900
Land market value
$419,500
Improvement market value
$146,900
Total market value
$566,400
Applied tax rate
4.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1903
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
1,652 SF
Lot
0.55 ac (23,894 SF)
Zoning code
NR
APN
1711621
UPID
US53-0586491
Jurisdiction
MECKLENBURG
Zoning & alternative use
NR · Huntersville, NC
Zoning NR · permitted uses
NR · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Huntersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$595,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$455,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1903
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Michael Lowry Franklin
Individual
Mailing address
9140 CANTRELL WAY, HUNTERSVILLE, NC 28078-1504
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
—
Michael Lowry Franklin
Michael Lowry Franklin
Deed
related
—
Nov 28, 2023
—
Lowry Franklin
Michael Lowry Franklin
Intrafamily Transfer
related
—
Jun 30, 2022
$638,000
Amanda Lowry
Lakeside Preparator LLC
Warranty Deed
—
Oct 22, 2019
—
Lakeside Preparatory LLC
—
Deed
related
$263,000 · Hometrust Bank
Jun 8, 2018
—
Lakside Preparatory LLC
—
Deed
related
$110,000 · Hometrust Bank
Apr 2, 2018
$185,000
Lakeside Preparatory LLC
T L Rumfelt
Warranty Deed
$157,250 · Hometrust Bank
Nov 2, 2017
$145,000
117 Gilead Trust
Talbert,martha D & Richard
Warranty Deed
$160,000 · Service Props Installation Gro
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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