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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Warehouses
162 Pointe S Dr, Randleman, NC 27317-9520
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1295038
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
17,000 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I1
APN
7754983520
UPID
US53-1295038
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
$1.27M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.08M
Owner & transaction history
Millikan Investments LLC · 3 yrs held
Millikan Investments LLC
since 2022
7 recorded transactions
Zoning & alternative use
I1 · Randleman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+80.6%
Auto repair, garage
$1.2M
+76.4%
Retail stores
$1.2M
+74.3%
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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
OFFICE BUILDING
$1,240,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,210,000
Change: +76% · Conversion: Easy
RETAIL STORES
$1,195,000
Change: +74% · Conversion: Moderate
COMMERCIAL (GENERAL)
$955,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$63 / 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
$27,939
Tax year 2024
Assessed value
$2,472,470
Assessed 2024
Previous assessed
$2,472,470
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$192,900
Assessed improvement
$2,279,570
Land market value
$192,900
Improvement market value
$2,279,570
Total market value
$2,472,470
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Total area
17,000 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I1
APN
7754983520
UPID
US53-1295038
Jurisdiction
RANDOLPH
Zoning & alternative use
I1 · Randleman, NC
Zoning I1 · permitted uses
I1 · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$955,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.18 ac
Current owner
From public records · entity-resolved
Millikan Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3588 MILLIKAN RD, SOPHIA, NC 27350-9032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Millikan Investments LLC
—
Deed
related
$1,950,000 · First National Bank Of Pennsylvania
Dec 29, 2022
—
Millikan Investments LLC
Joseph B Millikan
Intrafamily Transfer
related
—
May 26, 2021
—
Joseph B Millikan
—
Deed
related
$1,835 · First National Bank Of Pennsylvania
Dec 13, 2017
—
Joseph B Millikan
—
Deed
related
$515,000 · First National Bank Of Pennsylvania
—
—
Joseph B Millikan
—
Loan Modification
related
$1,951,550 · Newbridge Bank
—
—
Joseph B Millikan
—
Deed Of Trust
related
$253,000 · High Point Bank & Trust Co
—
—
Joseph B Millikan
—
Deed Of Trust
related
$500,000 · Newbridge 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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