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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Turn key restaurants
1309 Main St, China Grove, NC 28023-2229
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-1722630
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Total area
5,104 SF
Lot
1.47 ac (64,033 SF)
Zoning code
NC
APN
117 013
UPID
US53-1722630
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
-
Porky's Bar BQ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$710k
Owner & transaction history
1309 N Main St China Grove Nc · 5 yrs held
1309 N Main St China Grove Nc
since 2021
Last sale
$740,000
6 recorded transactions
Zoning & alternative use
NC · China Grove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$720,000
+17.4%
Commercial (general)
$655,000
+6.7%
Office building
$625,000
+1.8%
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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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
$720,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$615,000
Current use
MEDICAL BUILDING
$720,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$625,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $740k (Jan 27 2021)
Last sale anchor
$740k
Jan 27 2021
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
$139 / 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
$10,453
Tax year 2023
Assessed value
$967,874
Assessed 2023
Previous assessed
$733,398
+32.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$360,020
Assessed improvement
$607,854
Land market value
$360,020
Improvement market value
$607,854
Total market value
$967,874
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
5,104 SF
Lot
1.47 ac (64,033 SF)
Zoning code
NC
APN
117 013
UPID
US53-1722630
Jurisdiction
ROWAN
Zoning & alternative use
NC · China Grove, NC
Zoning NC · permitted uses
NC · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$615,000
MEDICAL BUILDING
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING
Est. value
$625,000
RESTAURANT Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1999
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
1309 N Main St China Grove Nc
Individual
Free & Clear · 5 yrs held
Mailing address
1309 N MAIN ST, CHINA GROVE, NC 28023-2229
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
1309 N Main St China Grove Nc
1309 N Main St Cina Grove Nc
Quit Claim Deed
related
—
Dec 31, 2014
$740,000
1309 N Main St China Grov Nc
Reid,michael W & Kim P
Grant Deed
$740,000 · Farmers & Merchants Nat'l Bk
Aug 24, 2007
$800,000
United Ventures Intl LLC
Reid,michael W
Warranty Deed
—
Feb 16, 2005
$950,000
Michael W Reid
China Grove Restaurant Group LLC
Warranty Deed
$210,243 · F & M Bank
—
—
Michael W Reid
—
Deed Of Trust
related
$950,000 · F & M Bank NA
—
—
1309 N Main St China Grove Nc
—
Deed Of Trust
related
$220,000 · Michael W Reid
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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