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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
123 Scenic Outlet Ln, Mount Airy, NC 27030-7222
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4406892
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
10.35 ac (450,846 SF)
Zoning code
HB
APN
4080-00-80-1488
UPID
US53-4406892
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
-
Day Trips & Tours Travel Agency Tour Operator
-
Hugh Chatham Health - Multispecialty Medical Group Obstetrician-Gynecologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$525k
Owner & transaction history
Jre Mount Airy LLC · 1 yrs held
Jre Mount Airy LLC
since 2025
4 recorded transactions
Zoning & alternative use
HB · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$870,000
+120.9%
Restaurant
$865,000
+120.1%
Warehouse, storage
$560,000
+42.0%
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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$395,000
Current use
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +121% · Conversion: Difficult
RESTAURANT
$865,000
Change: +120% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$53 / 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
$12,994
Tax year 2024
Assessed value
$2,049,560
Assessed 2024
Previous assessed
$2,049,560
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$545,520
Assessed improvement
$1,504,040
Land market value
$545,520
Improvement market value
$1,504,040
Total market value
$2,049,560
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
10,000 SF
Lot
10.35 ac (450,846 SF)
Zoning code
HB
APN
4080-00-80-1488
UPID
US53-4406892
Jurisdiction
SURRY
Zoning & alternative use
HB · Mount Airy, NC
Zoning HB · permitted uses
HB · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
RESTAURANT
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
10.35 ac
Current owner
From public records · entity-resolved
Jre Mount Airy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1118 BLEVINS STORE RD, MOUNT AIRY, NC 27030-9086
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 9, 2025
—
Jre Mount Airy LLC
Minton Family Properties LLC
Special Warranty Deed
—
Sep 27, 2019
—
Minton Family Properties
—
Deed
related
$100,000 · Surry County Of
Apr 29, 2019
$1,633,500
Minton Family Properties
Grover W Haymore
Warranty Deed
$1,532,500 · Grover W Haymore
Apr 29, 2019
—
Minton Family Properties
—
Deed
related
$1,532,500 · Grover W Haymore
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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