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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Commercial real estate
3016 Sandy Rdg Rd, Colfax, NC 27235-9757
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1516173
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
FRAME
Total area
15,330 SF
Lot
17.91 ac (780,160 SF)
Zoning code
CU-LI
APN
170672
UPID
US53-1516173
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
-
Truck Parts Specialists Auto Parts Store Big Box & Wholesale Store
-
STEVE C DAVIS INC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$4.65M
Owner & transaction history
Craven & Parker Development LLC · 4 yrs held
Craven & Parker Development LLC
since 2022
Last sale
$4.7M
2 recorded transactions
Zoning & alternative use
CU-LI · Colfax, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+29.9%
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 Colfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colfax 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
$5,120,000
ML approach
$5,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,000,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±10% · vs last sale $4.65M (Jun 30 2022)
Last sale anchor
$4.65M
Jun 30 2022
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
$303 / 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
$36,900
Tax year 2023
Assessed value
$4,259,000
Assessed 2023
Previous assessed
$732,900
+481.1% YoY
Effective rate
0.87%
On assessed value
Assessed land
$4,015,000
Assessed improvement
$244,000
Land market value
$4,015,000
Improvement market value
$244,000
Total market value
$4,259,000
Applied tax rate
88.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
3
Bathrooms
2
Total area
15,330 SF
Lot
17.91 ac (780,160 SF)
Zoning code
CU-LI
APN
170672
UPID
US53-1516173
Jurisdiction
GUILFORD
Zoning & alternative use
CU-LI · Colfax, NC
Zoning CU-LI · permitted uses
CU-LI · Colfax, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colfax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.0M
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
2
Lot
17.91 ac
Current owner
From public records · entity-resolved
Craven & Parker Development LLC
Entity
Mailing address
207 W MAIN ST STE #106, WILKESBORO, NC 28697-2465
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
Craven & Parker Development LLC
—
Deed
related
$500,000 · Piedmont Fsb
Jun 30, 2022
$4,650,000
Craven & Parker Development LLC
Bessemer Improvement Company
Special Warranty Deed
$232,500 · Piedmont Fsb
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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