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Property profile & analytics
OFF-MARKET
Estimated value
$8,720,000
Super regional malls
279 Bickett Blvd 339, Louisburg, NC 27549-2607
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4024976
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Total area
53,402 SF
Lot
18 ac (783,906 SF)
Zoning code
B 2
APN
15407
UPID
US53-4024976
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
-
Franklin County Aging Services Department Social Service Agency Charitable Organization
-
Franklin County Veterans Services County Government Office
-
Louisburg Senior Center - Franklin County Plaza Government Offices Community Center
-
Franklin County Elections Board County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.72M
Owner & transaction history
Jmd Housing LLC · 9 yrs held
Jmd Housing LLC
since 2016
6 recorded transactions
Zoning & alternative use
B 2 · Louisburg, 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 Louisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisburg 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,065,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$5,370,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$8.72M
Range $7.85M – $9.59M · ±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
$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 2024Property tax & assessments
Tax year 2024
Tax billed
$40,213
Tax year 2024
Assessed value
$3,826,160
Assessed 2024
Previous assessed
$2,457,050
+55.7% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,152,000
Assessed improvement
$2,674,160
Land market value
$1,152,000
Improvement market value
$2,674,160
Total market value
$3,826,160
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
53,402 SF
Lot
18 ac (783,906 SF)
Zoning code
B 2
APN
15407
UPID
US53-4024976
Jurisdiction
FRANKLIN
Zoning & alternative use
B 2 · Louisburg, NC
Zoning B 2 · permitted uses
B 2 · Louisburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
OFFICE BUILDING
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
1987
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
18 ac
Current owner
From public records · entity-resolved
Jmd Housing LLC
Entity
Mailing address
50 BLAIR TRL, LOUISBURG, NC 27549-7379
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Oct 28, 2022
—
Jmd Housing LLC
—
Deed
related
$500,000 · First Horizon Bank
Sep 22, 2017
—
Jmd Housing LLC
—
Deed
related
$4,000,000 · Capital Bank Corporation
Jun 22, 2017
—
Kda Properties Nc LLC
—
Grant Deed
related
$20,000,000 · City Nat'l Bk/fl
Jan 30, 2017
—
Jmd Housing LLC
—
Deed
related
$500,000 · Citizens Cmnty Bk
Nov 2, 2016
$2,805,000
Jmd Housing LLC
Fp Bickett LLC
Warranty Deed
$2,380,000 · Citizens Community Bank
—
—
Jmd Housing LLC
—
Deed Of Trust
related
$500,000 · Citizens Cmnty 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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