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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office Spaces
200 Main St Mount Airy, NC 27030-3810
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4607138
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1893
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,230 SF
Lot
0.08 ac (3,441 SF)
Zoning code
B1
APN
5020-11-75-3039
UPID
US53-4607138
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
-
Mount Airy Visitors Center Travel Agency
-
The Greater Mount Airy Chamber of Commerce Business Service Center Advocacy Group
-
Mercator Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$615k
Owner & transaction history
Rand Properties LLC · 4 yrs held
Rand Properties LLC
since 2022
Last sale
$627,500
3 recorded transactions
Zoning & alternative use
B1 · Mount Airy, NC
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$685,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Current use
RETAIL STORES
$875,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $628k (Jun 2 2022)
Last sale anchor
$628k
Jun 2 2022
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
$60 / 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
$2,205
Tax year 2024
Assessed value
$335,110
Assessed 2024
Previous assessed
$335,110
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$31,200
Assessed improvement
$303,910
Land market value
$31,200
Improvement market value
$303,910
Total market value
$335,110
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1893
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
10,230 SF
Lot
0.08 ac (3,441 SF)
Zoning code
B1
APN
5020-11-75-3039
UPID
US53-4607138
Jurisdiction
SURRY
Zoning & alternative use
B1 · Mount Airy, NC
Zoning B1 · permitted uses
B1 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$965,000
RETAIL STORES
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$780,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1893
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Rand Properties LLC
Entity
Mailing address
164 SAWTOOTH TRL, SILOAM, NC 27047-9115
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$627,500
Rand Properties LLC
Clock Corner LLC
Warranty Deed
$542,400 · Surrey Bank & Trust
Aug 6, 2015
$284,000
Clock Corner LLC
Historic Downtown Mount Airy LLC
Warranty Deed
$285,000 · Branch Banking And Trust Co
Jan 4, 2007
$257,500
Historic Downtown Mount Airy LLC
Mount Airy Chamber Of Commerce INC
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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