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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Office buildings
401 Main St Thomasville, NC 27360-4152
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-1156237
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,120 SF
Lot
2.93 ac (127,631 SF)
Zoning code
M1
APN
16-119-0-00C-0061
UPID
US53-1156237
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
-
For The Love of Bamboo Home Decor Store Furniture & Home Goods
-
Customer Service Phone Numbers Bank Credit Union
-
Trifecta Fit Studio Gym & Fitness Center
-
Kingdom Vision Ministries Global Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.11M
Owner & transaction history
John & Jeff Schwarz LLC · 10 yrs held
John & Jeff Schwarz LLC
since 2016
5 recorded transactions
Zoning & alternative use
M1 · Thomasville, NC
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
INDUSTRIAL (GENERAL)
$3,015,000
Change: -19% · Conversion: Difficult
RETAIL STORES
$2,985,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$35 / 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
$23,251
Tax year 2023
Assessed value
$1,715,970
Assessed 2023
Previous assessed
$1,715,970
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$56,500
Improvement market value
$1,659,470
Total market value
$1,715,970
Applied tax rate
16.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Bathrooms
28
Total area
60,120 SF
Lot
2.93 ac (127,631 SF)
Zoning code
M1
APN
16-119-0-00C-0061
UPID
US53-1156237
Jurisdiction
DAVIDSON
Zoning & alternative use
M1 · Thomasville, NCZoning M1 · permitted uses
M1 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 22
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$3.0M
INDUSTRIAL (GENERAL)
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Bathrooms
28
Lot
2.93 ac
Current owner
From public records · entity-resolved
John & Jeff Schwarz LLC
Entity
Mailing address
585 CROSS CRK TRL, GIBSONVILLE, NC 27249-9598
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2016
$3,000,000
John & Jeff Schwarz LLC
Hhg Real Property LLC
Grant Deed
$3,000,000 · Carter Bk&tr
Jul 29, 2016
—
Heritage Home Group LLC
Tfi Wind Down INC
Grant Deed
related
—
Sep 11, 2014
—
Heritage Home Group LLC
Tfi Wind Down INC
Grant Deed
related
—
May 29, 2014
—
Hhg Real Property LLC
Heritage Homes Group LLC
Grant Deed
—
Nov 25, 2013
$2,821,000
Heritage Home Group LLC
Thomasville Furniture Industri
Grant Deed
—
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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