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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Retail space
3422 Us 1st Hwy Franklinton, NC 27525-8435
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1921372
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
10,956 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-3H
APN
31686
UPID
US53-1921372
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
$2.75M
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.77M
Owner & transaction history
Franklin County · 1 yrs held
Franklin County
since 2025
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
C-3H · Franklinton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+36.1%
Commercial (general)
$1.8M
+26.8%
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 Franklinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklinton 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
$2,845,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
$3,240,000
6.5%
$2,990,000
7%
$2,775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,980,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,845,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.62M (Feb 14 2025)
Last sale anchor
$2.62M
Feb 14 2025
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
$252 / 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
$44,775
Tax year 2024
Assessed value
$3,449,000
Assessed 2024
Previous assessed
$1,092,230
+215.8% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,596,160
Assessed improvement
$852,840
Land market value
$2,596,160
Improvement market value
$852,840
Total market value
$3,449,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,956 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-3H
APN
31686
UPID
US53-1921372
Jurisdiction
FRANKLIN
Zoning & alternative use
C-3H · Franklinton, NC
Zoning C-3H · permitted uses
C-3H · Franklinton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklinton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Franklin County
Entity
Mailing address
20803 BISCAYNE BLVD STE #405, AVENTURA, FL 33180-1431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$2,619,000
Franklin County
Impulso Hwy 1 LLC
Warranty Deed
—
Mar 11, 2022
$3,449,000
Impulso Hwy 1 LLC
Lincoln Franklinton LLC
Special Warranty Deed
—
Oct 26, 2005
$3,051,500
Lincoln Franklinton LLC
Nla Kd Franklinton LLC
Grant Deed
$1,901,119 · Gmac Commercial Mortgage Corp
Jul 8, 2005
$2,542,500
Nla Kd Franklinton LLC
Ross-civello Vii LLC
Grant Deed
$1,905,221 · Gmac Commercial Mortgage Corp
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.
Try Rey
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