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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Retail space
131 Millstead Dr Mebane, NC 27302-7165
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-3456608
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
6,246 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B 2
APN
163546
UPID
US53-3456608
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$918k
Blend (final)
Blend
$1.03M
Owner & transaction history
Evans Street Four LLC · 6 yrs held
Evans Street Four LLC
since 2020
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
B 2 · Mebane, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+18.1%
Office building
$720,000
+16.0%
Auto repair, garage
$675,000
+8.6%
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 Mebane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mebane 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
$985,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$720,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$675,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.10M (May 28 2020)
Last sale anchor
$1.10M
May 28 2020
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
$165 / 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
$11,193
Tax year 2023
Assessed value
$1,395,601
Assessed 2023
Previous assessed
$1,395,601
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$589,000
Assessed improvement
$806,601
Land market value
$589,000
Improvement market value
$806,601
Total market value
$1,395,601
Applied tax rate
14.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,246 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B 2
APN
163546
UPID
US53-3456608
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Mebane, NC
Zoning B 2 · permitted uses
B 2 · Mebane, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mebane. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$735,000
OFFICE BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Evans Street Four LLC
Entity
Mailing address
27 ANNETTE DR STE #107, BENSON, NC 27504-8045
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Evans Street Four LLC
—
Deed
related
$2,655,000 · United Community Bank
May 28, 2020
$1,100,000
Evans Street Four LLC
Northeast Properties LLC
Warranty Deed
$450,000 · United Community Bank
May 28, 2020
—
Northeast Properties LLC
Brenda W H Pierce
Grant Deed
—
Sep 25, 2008
—
Northeast Properties LLC
Bodenhamer,william H JR
Grant Deed
related
—
Aug 26, 2005
$650,100
Bodenhamer,william H JR
Summit Properties Of Alamance LLC
Warranty Deed
$275,000 · First Citizens Bk
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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