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Property profile & analytics
OFF-MARKET
Warehouses
303 Main St, China Grove, NC 28023-2531
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1368280
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1935
Total area
6,880 SF
Lot
0.12 ac (5,097 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
102 069
UPID
US53-1368280
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
-
No Way Jose's Mexican Restaurant Restaurant
-
Mattress By Appointment China Grove Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Egm Enterprises LLC · 4 yrs held
Egm Enterprises LLC
since 2022
Last sale
$70,000
7 recorded transactions
Zoning & alternative use
CB:CENTRAL BUSINESS · China Grove, 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 China Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs China Grove 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,766
Tax year 2023
Assessed value
$256,091
Assessed 2023
Previous assessed
$126,338
+102.7% YoY
Effective rate
1.08%
On assessed value
Assessed land
$39,600
Assessed improvement
$216,491
Land market value
$39,600
Improvement market value
$216,491
Total market value
$256,091
Applied tax rate
106.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1935
Heating
FORCED AIR
Stories
2
Total area
6,880 SF
Lot
0.12 ac (5,097 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
102 069
UPID
US53-1368280
Jurisdiction
ROWAN
Zoning & alternative use
CB:CENTRAL BUSINESS · China Grove, NC
Zoning CB:CENTRAL BUSINESS · permitted uses
CB:CENTRAL BUSINESS · China Grove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
China Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Heating
FORCED AIR
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Egm Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2275 SHUE RD, SALISBURY, NC 28147-6630
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
Egm Enterprises LLC
Michael Shane Wagoner
Warranty Deed
—
Jul 6, 2021
—
Angela W Reece
Charles Jerry Wagoner
Deed
related
—
Jan 20, 2021
—
Benjamin T Mckinney
—
Deed
related
$129,000 · Local Gov't Emps FCU
May 20, 2020
$70,000
Grove In China Grove LLC
Thelma D Corriher
Warranty Deed
—
Jun 17, 2011
$669,167
Grey S Corriher
Carlton,graham M
Trustees Deed
related
—
Jun 8, 2011
$669,500
Grey S Corriher
Freeman,michael
Grant Deed
—
Dec 2, 2009
$688,000
Michael Freeman
Corriher,grey S & Thelma D
Warranty Deed
$687,523 · Grey S & Thelma Corriher
Nov 1, 2009
$688,000
Michael Freeman
Corriher,grey S
Grant Deed
—
—
—
Carolyn Moose
—
Deed Of Trust
related
$97,000 · Greenlight Loans
—
—
Benjamin T Mckinney
—
Deed Of Trust
related
$129,000 · Local Gov't Emps FCU
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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