Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1217 Main St Graham, NC 27253-4511
    Property profile & analytics

    1217 Main St, Graham, NC 27253-4511

    View on Map
    • Retail space
    • 9,217 SF
    • 1.19 lot acres
    Off-Market
    Last Sale Oct 7, 2024
    $1,351,000
    Property ID
    US53-0686338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Discount Store
    • FedEx OnSite / Postal Service / Courier Service
    • Western Union / Bank / Credit Union

    Property Details for 1217 Main St

    Year built
    2010
    Construction
    FRAME
    Lot size
    1.19 lot acres
    Zone code
    B2
    Property type
    Retail space
    APN
    144150
    APU
    144150

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 7, 2024 $1,351,000 Thomas Babu Dg Hes LLC Warranty Deed —
    Jul 12, 2017 — Dg Hes LLC — Deed · related $685k · Bank Of Oak Ridge
    Sep 1, 2011 $1,065,000 De Hes LLC Estocin Dg LLC Special Warranty Deed $770k · Premier Commercial Bank
    Dec 29, 2009 $350,000 Estocin Dg LLC Burke,jay L Warranty Deed · related $935k · Keysource Com'l Bk
    Apr 24, 2007 — Jay L Burke Owner Name Unavailable Grant Deed · related —
    Mar 11, 2005 $330,000 Burke,jay L & Tracey D Thomas,glenn M & Helen C Warranty Deed $268k · Midcarolina Bk
    — — Dg Hes LLC — Deed Of Trust · related $685k · Bank Of Oak Ridge

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,350,000
      ML approach
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,319,000
      Market price range: $451k - $1.35M
      AI Estimate
      $1,534,000
      Market price range: $354k - $1.53M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $915,000
      Current use
      COMMERCIAL (GENERAL)
      $1,135,000
      Change: +24% Conversion: Easy
      OFFICE BUILDING
      $1,065,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $995,000
      Change: +9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.3965
    Latitude
    36.0454
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,014
    $130,312
    $1,151,940
    $1,282,252
    -
    $130,312
    $1,151,940
    $1,282,252

    Comparable in this City

    • Value Estimation by Request
      1,029 SF

      3479 Woods Chapel Rd

      RETAIL STORES (PERSONAL SERVICES)
      3479 Woods Chapel Rd, Graham, NC 27253-9490
      View Details
    • Value Estimation by Request
      2,046 SF

      8874 Nc Hwy 87

      RETAIL STORES (PERSONAL SERVICES)
      8874 Nc Hwy 87, Graham, NC 27253-9356
      View Details
    • Value Estimation by Request
      1,554 SF

      5049 Snow Cp Rd

      RETAIL STORES (PERSONAL SERVICES)
      5049 Snow Cp Rd, Graham, NC 27253-9150
      View Details
    • Value Estimation
      $1,215,000
      19,730 SF

      902 Main St

      RETAIL STORES (PERSONAL SERVICES)
      902 Main St, Graham, NC 27253-3737
      View Details
    • Value Estimation by Request
      2,600 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES)
      202 Main St, Graham, NC 27253-2837
      View Details
    • Value Estimation by Request
      6,500 SF

      109 Marshall St

      RETAIL STORES (PERSONAL SERVICES)
      109 Marshall St, Graham, NC 27253-3031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,697 SF

      Retail Property with Corporate Guarantee

      Retail property for sale with a corporate guarantee.
      1137 S Main St, Graham, NC 27253
      View Details
    • Contact for pricing
      4,054 SF

      Vacant Bank Branch For Sale

      Vacant bank branch in Greensboro MSA with strong population growth.
      832 S Main St, Graham, NC 27253
      View Details
    • Contact for pricing

      Retail Store on Highway 87

      Retail store on 1.5 acres with highway visibility.
      4833 S Nc Highway 87, Graham, NC 27253
      View Details
    • $250,000
      0.28 Acres

      Prime Graham Commercial Lot

      Build-to-suit opportunity near Planet Fitness
      112 Gilbreath St, Graham, NC 27253
      View Details
    • $1,442,650
      6 SF

      South Main Street Acreage

      Acreage in growing commercial area near I-40 and Highway 54.
      1133 South Main St, Graham, NC 27253
      View Details

    Similar Nearby for Lease

    • $27,000
      66,041 SF

      Graham Commercial Property For Rent

      Commercial property available for lease in Graham, North Carolina.
      410 E Interstate Service Rd, Graham, NC 27253
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Retail space for rent in a growing retail corridor.
      832 S Main St, Graham, NC 27253
      View Details
    • $3,300 /Mo
      2,000 SF

      Office and Warehouse Space Available

      2024 SF office/warehouse space for lease in Graham, NC.
      112 E Gilbreath St, Graham, NC 27253
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1217 Main St
    Graham, NC 27253-4511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1217 Main St, Graham, NC, 27253
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!