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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Grocery and convenience stores
1215 State St, Mount Airy, NC 27030-5276
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4362925
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,828 SF
Lot
2.05 ac (89,298 SF)
Zoning code
B4
APN
5929-10-36-8114
UPID
US53-4362925
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
-
ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.32M
Owner & transaction history
M&s Real Estate Gmnh&co · 7 yrs held
M&s Real Estate Gmnh&co
since 2018
3 recorded transactions
Zoning & alternative use
B4 · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+103.8%
Commercial (general)
$2.1M
+10.5%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
RESTAURANT
$3,800,000
Change: +104% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,060,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±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
$152 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,876
Tax year 2024
Assessed value
$3,419,570
Assessed 2024
Previous assessed
$3,419,570
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$1,607,360
Assessed improvement
$1,812,210
Land market value
$1,607,360
Improvement market value
$1,812,210
Total market value
$3,419,570
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
21,828 SF
Lot
2.05 ac (89,298 SF)
Zoning code
B4
APN
5929-10-36-8114
UPID
US53-4362925
Jurisdiction
SURRY
Zoning & alternative use
B4 · Mount Airy, NC
Zoning B4 · permitted uses
B4 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
COMMERCIAL (GENERAL)
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
M&s Real Estate Gmnh&co
Entity
Free & Clear · 7 yrs held
Mailing address
17130 DALLAS PKWY STE #240, DALLAS, TX 75248-7705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Nov 2, 2018
$2,079,500
M&s Real Estate Gmnh&co
State Street Dev Group
Warranty Deed
—
Oct 26, 2017
$1,200,000
State Street Development Group LLC
Torres Enterprises LLC
Warranty Deed
$1,248,225 · Surrey Bank & Trust
Mar 4, 2011
—
Torres Enterprises LLC
Deborah D Torres
Warranty Deed
—
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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