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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Commercial real estate
1400 Nc Hwy 62nd E, Climax, NC 27233
Individually Owned
~
Est. High Equity
Property ID
US53-2064754
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Total area
11,200 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CU-HB
APN
124559
UPID
US53-2064754
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
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.92M
Owner & transaction history
Nlf Dg Nc Sc
Nlf Dg Nc Sc
since 2025
7 recorded transactions
Zoning & alternative use
CU-HB · Climax, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+29.9%
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 Climax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Climax 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,685,000
Current use
RETAIL STORES
$2,190,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$171 / 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
$17,012
Tax year 2023
Assessed value
$1,876,100
Assessed 2023
Previous assessed
$1,876,100
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$235,200
Assessed improvement
$1,640,900
Land market value
$235,200
Improvement market value
$1,640,900
Total market value
$1,876,100
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2017
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
11,200 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CU-HB
APN
124559
UPID
US53-2064754
Jurisdiction
GUILFORD
Zoning & alternative use
CU-HB · Climax, NC
Zoning CU-HB · permitted uses
CU-HB · Climax, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Climax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Nlf Dg Nc Sc
Individual
Mailing address
347 OLD DEWBERRY LN, SOUTHERN PINES, NC 28387-6927
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2025
$1,387,500
Nlf Dg Nc Sc
Fedsubo LLC
Special Warranty Deed
$3,893,484 · South State Bank NA
Mar 7, 2018
$1,780,000
Fedsubo LLC
Teramore Dev LLC
Grant Deed
$1,245,000 · Branch Bk&tr
Jun 13, 2017
$400,000
Teramore Dev LLC
Dcdj Properties LLC
Warranty Deed
—
Aug 29, 2012
$100,000
Dcdj Properties LLC
Mcclain,michael E & Pamela D
Warranty Deed
—
Jul 27, 2004
—
Mcclain,michael E SR & Pamela D
—
Trustees Deed
related
$25,500 · Central Carolina Bk
Nov 20, 2001
—
C Mcclain
Mcclain,m
Quit Claim Deed
related
—
—
—
Michael E Mcclain
—
Deed Of Trust
related
$122,000 · Bank Of Carolinas
—
—
Michael E Mcclain
—
Deed Of Trust
related
$249,500 · Bank Of The Carolinas
—
—
Mcclain,michael E SR
—
Deed Of Trust
related
$245,814 · Bank Of America California NA
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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