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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
119 Carlton Park Dr, Stokesdale, NC 27357-8578
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-5541635
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Total area
7,800 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LIGHT IND CON DIST COUNTY
APN
7923-03-32-3794-00
UPID
US53-5541635
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
-
Kalo Foods, LLC Bakery Production Facility
-
Total Excavation Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$655k
Owner & transaction history
Micris LLC · 13 yrs held
Micris LLC
since 2012
4 recorded transactions
Zoning & alternative use
LIGHT IND CON DIST COUNTY · Stokesdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$670,000
+17.9%
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 Stokesdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stokesdale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$570,000
Current use
OFFICE BUILDING
$670,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$84 / 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
$2,974
Tax year 2023
Assessed value
$369,477
Assessed 2023
Previous assessed
$369,477
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$94,000
Assessed improvement
$275,477
Land market value
$94,000
Improvement market value
$275,477
Total market value
$369,477
Applied tax rate
115.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,800 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LIGHT IND CON DIST COUNTY
APN
7923-03-32-3794-00
UPID
US53-5541635
Jurisdiction
ROCKINGHAM
Zoning & alternative use
LIGHT IND CON DIST COUNTY · Stokesdale, NC
Zoning LIGHT IND CON DIST COUNTY · permitted uses
LIGHT IND CON DIST COUNTY · Stokesdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stokesdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$485,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Micris LLC
Entity
Mailing address
119 CARLTON PARK DR, STOKESDALE, NC 27357-8578
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Micris LLC
—
Deed
related
$175,000 · The Fidelity Bank
Aug 28, 2012
$270,000
Micris LLC
B & K Properties Of Rockingham LLC
Warranty Deed
$216,000 · Branch Banking And Trust Co
Jun 15, 2007
$440,000
B & K Properties Of Rockingham LLC
Colfax Dev Co LLC
Warranty Deed
$300,000 · Carolina Bank
Mar 1, 2004
$394,500
Colfax Dev Co LLC
Fnb Southeast
Grant Deed
$394,500 · Fnb Southeast
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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