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Property profile & analytics
OFF-MARKET
Estimated value
$11,260,000
Office buildings
209 Delburg St, Davidson, NC 28036-6913
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1899871
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
48,505 SF
Lot
2.82 ac (122,709 SF)
Zoning code
VE
APN
326108
UPID
US53-1899871
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
-
Davidson Dentistry Dental Office
-
WINDSHIELD GUYZ Auto Repair Shop (Bike/Boat/Book/etc) Store
-
SHOPII TECHNOLOGIES INC (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
College Bound Financial Financial Advisor
-
Eleazer Graham | Homebridge | Mortgage Loan Originator Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.96M
Comparable Approach
Comparable
$12.77M
Blend (final)
Blend
$11.26M
Owner & transaction history
Cotton Mill LLC · 3 yrs held
Cotton Mill LLC
since 2023
7 recorded transactions
Zoning & alternative use
VE · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.5M
+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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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%
$15,125,000
6.5%
$13,960,000
7%
$12,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,145,000
Current use
MEDICAL BUILDING
$17,535,000
Change: +9% · Conversion: Easy
RETAIL STORES
$15,395,000
Change: -5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,995,000
Change: -13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,305,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$11.26M
Range $10.13M – $12.39M · ±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
$232 / 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
$70,911
Tax year 2023
Assessed value
$9,594,200
Assessed 2024
Previous assessed
$9,680,800
-0.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,078,400
Assessed improvement
$6,515,800
Land market value
$3,078,400
Improvement market value
$6,515,800
Total market value
$9,594,200
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
1
Total area
48,505 SF
Lot
2.82 ac (122,709 SF)
Zoning code
VE
APN
326108
UPID
US53-1899871
Jurisdiction
MECKLENBURG
Zoning & alternative use
VE · Davidson, NC
Zoning VE · permitted uses
VE · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davidson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.1M
MEDICAL BUILDING
Est. value
$17.5M
RETAIL STORES
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$13.3M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Cotton Mill LLC
Entity
Mailing address
PO BOX 2270, DAVIDSON, NC 28036-5270
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Cotton Mill LLC
—
Deed
related
$750,000 · First Horizon Bank
Nov 13, 2018
—
Davidson Cotton Mill LLC
—
Deed
related
$550,000 · Prosser D Carnegie
Sep 29, 2017
—
Davidson Cotton Mill LLC
—
Deed
related
$5,000,000 · Capital Bk
Sep 27, 2016
—
The Davidson Cotton Mill LLC
—
Deed
related
$4,200,000 · Park Sterling Bank
Feb 16, 1996
—
Cotton Mill Davidson
—
Deed Of Trust
related
$415,000 · Magna Funding
—
—
Davidson Cotton Mill LLC
—
Deed Of Trust
related
$550,000 · Prosser D Carnegie
—
—
Davidson Cotton Mill LLC
—
Deed Of Trust
related
$4,900,000 · Citizens South Bank
—
—
Davidson Cotton Mill LLC
—
Deed Of Trust
related
$5,000,000 · Capital Bk
—
—
Davidson Cotton Mill LLC
—
Deed Of Trust
related
$78,201 · Heard-ratzlaff Construction
—
—
Davidson Cotton Mill LLC
—
Deed Of Trust
related
$100,000 · Southern Community Bank
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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