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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Industrial properties
301 3rd St, Mebane, NC 27302-2405
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2214049
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1938
Total area
14,000 SF
Lot
0.61 ac (26,572 SF)
Zoning code
B 2
APN
168019
UPID
US53-2214049
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
-
Encré by EF Medical Clinic Skin Care Clinic
-
Home & Hue Interior Design Home Decor Store
-
Maganda Skin Studio LLC. Medical Clinic Skin Care Clinic
-
Maganda Skin Studio Medical Clinic Skin Care Clinic
-
The Little Shops Of Mebane (Bike/Boat/Book/etc) Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$1.11M
Owner & transaction history
King R & E & Dev Co LLC · 12 yrs held
King R & E & Dev Co LLC
since 2013
6 recorded transactions
Zoning & alternative use
B 2 · Mebane, 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 Mebane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mebane 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
COMMERCIAL (GENERAL)
$1,645,000
Current use
OFFICE BUILDING
$1,615,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,510,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$1,390,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$79 / 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
$2,787
Tax year 2023
Assessed value
$347,493
Assessed 2023
Previous assessed
$347,493
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$150,975
Assessed improvement
$196,518
Land market value
$150,975
Improvement market value
$196,518
Total market value
$347,493
Applied tax rate
14.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1938
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Bathrooms
2
Total area
14,000 SF
Lot
0.61 ac (26,572 SF)
Zoning code
B 2
APN
168019
UPID
US53-2214049
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Mebane, NC
Zoning B 2 · permitted uses
B 2 · Mebane, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mebane. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1938
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
King R & E & Dev Co LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3711 SURRY TRL, HILLSBOROUGH, NC 27278-8506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 19, 2013
—
King R & E & Dev Co LLC
Howington,laurene W
Quit Claim Deed
related
—
Feb 25, 2013
—
King Real Estate & Dev Co LLC
Branch Bkng & Trust Co
Quit Claim Deed
related
—
Jan 30, 2013
$47,500
King Real Estate & Dev Co LLC
Branch Bkng & Trust Co
Grant Deed
—
Jun 18, 2012
$252,275
Branch Bkng & Trust Co
Schafer Gerald S
Trustees Deed
related
—
—
—
Safe Way Sprinkler Co INC
—
Deed Of Trust
related
$50,000 · Rbc Centura Bk
—
—
Safe Way Sprinkler Co INC
—
Deed Of Trust
related
$75,000 · Rbc Centura 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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