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Property profile & analytics
OFF-MARKET
Estimated value
$12,660,000
Commercial real estate
1305 Broad Ave Rockingham, NC 28379-4456
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3570494
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1964
Total area
131,657 SF
Lot
18.83 ac (820,235 SF)
APN
747202670239
UPID
US53-3570494
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
-
Steele Uniforms (Bike/Boat/Book/etc) Store
-
Black's Tire & Auto Service Auto Repair Shop
-
Computer Zone Computer & Electronic Repair
-
Planet Fitness Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.47M
Blend (final)
Blend
$12.66M
Owner & transaction history
Richmond Plaza Investors LLC · 2 yrs held
Richmond Plaza Investors LLC
since 2024
Last sale
$12.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rockingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockingham 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
$12,660,000
ML approach
$12,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.66M
Range $11.39M – $13.93M · ±10% · vs last sale $12.66M (Feb 12 2024)
Last sale anchor
$12.66M
Feb 12 2024
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
$96 / 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
$73,163
Tax year 2023
Assessed value
$8,802,639
Assessed 2023
Previous assessed
$8,802,639
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,918,650
Assessed improvement
$5,883,989
Land market value
$2,918,650
Improvement market value
$5,883,989
Total market value
$8,802,639
Applied tax rate
105.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1964
Heating
YES
Cooling
AC.FAN COOLING
Buildings
5
Stories
1
Total area
131,657 SF
Lot
18.83 ac (820,235 SF)
APN
747202670239
UPID
US53-3570494
Jurisdiction
RICHMOND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
18.83 ac
Current owner
From public records · entity-resolved
Richmond Plaza Investors LLC
Entity
Mailing address
3265 MERIDIAN PKWY STE #130, WESTON, FL 33331-3506
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2024
$12,661,000
Richmond Plaza Investors LLC
Cf Smith Properties INC
Special Warranty Deed
$8,200,000 · First American Title Insurance
Sep 12, 2022
—
Ross Dress For Less INC
C F Smith Properties INC
Lease
—
Jun 25, 2019
—
C&l Holdings LLC
Tri City INC
Special 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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