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Property profile & analytics
OFF-MARKET
Retail space
205 Academy St Randleman, NC 27317-1503
Entity Owned
~
Est. High Equity
Property ID
US53-5391589
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
WOOD
Total area
1,288 SF
Lot
0.65 ac (28,314 SF)
Zoning code
B1
APN
7765035492
UPID
US53-5391589
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Last But Not Leased Rentals LLC
Last But Not Leased Rentals LLC
since 2026
Last sale
$210,000
6 recorded transactions
Zoning & alternative use
B1 · Randleman, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,645
Tax year 2023
Assessed value
$145,600
Assessed 2023
Previous assessed
$123,310
+18.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$70,200
Assessed improvement
$75,400
Land market value
$70,200
Improvement market value
$75,400
Total market value
$145,600
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
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
1976
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,288 SF
Lot
0.65 ac (28,314 SF)
Zoning code
B1
APN
7765035492
UPID
US53-5391589
Jurisdiction
RANDOLPH
Zoning & alternative use
B1 · Randleman, NC
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Last But Not Leased Rentals LLC
Entity
Mailing address
107 W NAOMI ST, RANDLEMAN, NC 27317-1731
Ownership since
2026
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
Feb 17, 2026
$210,000
Last But Not Leased Rentals LLC
Castor Creek LLC
Warranty Deed
$200,000 · Worth J Hatley Etux
Feb 13, 2025
$195,000
Castor Creek LLC
Randleman Properties LLC
Special Warranty Deed
$195,000 · Farrah Mcneill
Aug 8, 2022
—
Randleman Properties LLC
—
Deed
related
$132,893 · Pinnacle Bank
Mar 17, 2020
—
Randleman Properties LLC
Sanford M Cates
Grant Deed
—
Nov 9, 2018
$160,000
Sanford M Cates
Thompson,jeffrey C & Amanda P
Warranty Deed
$1,900 · Jeffery C & Amanda P Thompson
Nov 14, 2007
$125,000
Jeffery C Thompson
Cayman Corp
Warranty Deed
$106,785 · Randolph Bank & Trust Co
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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