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Property profile & analytics
OFF-MARKET
Retail space
4001 Garmon Ml Rd Midland, NC 28107-6732
Individually Owned
Free & Clear
Property ID
US53-1764696
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
STEEL FRAME
Total area
1,052 SF
Lot
1.72 ac (74,923 SF)
Zoning code
R/OMT
APN
5544 91 9037
UPID
US53-1764696
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
-
Griffin Oil Co Gas Station
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
JAMES WILLIAM GRIFFIN
JAMES WILLIAM GRIFFIN
Zoning & alternative use
R/OMT · Midland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential /Old Midland Transitional District (R/OMT) provides for residential development in the residential area(s) surrounding the Old Midland Periphery District and its logical extension. The intent of this district is to allow for residential and civic development. Allowed building/lot types in the districts are the Detached House, and Civic Buildi…
Zone name
Residential Old Midland Transitional
General category
CIVIC_INSTITUTIONAL
Zone area
172.22 ac
Source
Realmo
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 Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland 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 2024Property tax & assessments
Tax year 2024
Tax billed
$653
Tax year 2024
Assessed value
$84,120
Assessed 2024
Previous assessed
$67,660
+24.3% YoY
Effective rate
0.78%
On assessed value
Assessed land
$57,280
Assessed improvement
$26,840
Land market value
$57,280
Improvement market value
$26,840
Total market value
$84,120
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
WALL UNIT
Stories
1
Bathrooms
1
Total area
1,052 SF
Lot
1.72 ac (74,923 SF)
Zoning code
R/OMT
APN
5544 91 9037
UPID
US53-1764696
Jurisdiction
CABARRUS
Zoning & alternative use
R/OMT · Midland, NCZoning R/OMT · permitted uses
R/OMT · Midland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential /Old Midland Transitional District (R/OMT) provides for residential development in the residential area(s) surrounding the Old Midland Periphery District and its logical extension. The intent of this district is to allow for residential and civic development. Allowed building/lot types in the districts are the Detached House, and Civic Building. Streets in the Residential/Old Midland Transitional District should be interconnected, with streets and sidewalks providing a connection from Midlands historic downtown to the Single Family Residential districts lying between and around these districts.
Zone name
Residential Old Midland Transitional
General category
CIVIC_INSTITUTIONAL
Zone area
172.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1951
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
JAMES WILLIAM GRIFFIN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 23027, CHARLOTTE, NC 28227-0272
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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