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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Strip malls
261 Griffith St, Davidson, NC 28036-9301
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2126468
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
37,368 SF
Lot
3.74 ac (163,002 SF)
Zoning code
VCO
APN
325506
UPID
US53-2126468
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
$6.10M
CAP Approach
CAP
$8.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.10M
Owner & transaction history
Sadler Square Property Owner LLC · 2 yrs held
Sadler Square Property Owner LLC
since 2024
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
VCO · Davidson, 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 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
$6,100,000
ML approach
$6,100,000
CAP Approach
CAP Return
Estimation
6%
$9,170,000
6.5%
$8,465,000
7%
$7,860,000
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.10M (Feb 12 2024)
Last sale anchor
$6.10M
Feb 12 2024
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
$163 / 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
$44,524
Tax year 2023
Assessed value
$6,024,100
Assessed 2024
Previous assessed
$6,220,400
-3.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,614,500
Assessed improvement
$2,409,600
Land market value
$3,614,500
Improvement market value
$2,409,600
Total market value
$6,024,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
14
Total area
37,368 SF
Lot
3.74 ac (163,002 SF)
Zoning code
VCO
APN
325506
UPID
US53-2126468
Jurisdiction
MECKLENBURG
Zoning & alternative use
VCO · Davidson, NC
Zoning VCO · permitted uses
VCO · 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.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
14
Lot
3.74 ac
Current owner
From public records · entity-resolved
Sadler Square Property Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4539 HEDGEMORE DR STE #104, CHARLOTTE, NC 28209-3237
Ownership since
2024
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 12, 2024
$6,100,000
Sadler Square Property Owner LLC
Sadler Square Davidson
Special Warranty Deed
—
Jul 28, 2023
—
Sadler Square Davidson LP
—
Deed
related
$800,000 · Rocky Pee Dee LLC
Oct 19, 2016
—
Sadler Square Davidson LP
—
Trustees Deed
related
$320,000 · Branch Bk&tr
Sep 30, 2015
—
Sadler Square Davidson LP
Sadler Square INC
Quit Claim Deed
—
Dec 22, 2005
—
Sadler Square Of Davidson
Sadler Square INC
Quit Claim Deed
$1,000,000 · First Charter Bank
—
—
Sadler Square Davidson LP
—
Deed Of Trust
related
$1,457,762 · Branch Bk&tr
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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