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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Retail space
416 Main St Davidson, NC 28036-8006
Entity Owned
Free & Clear
Property ID
US53-5753248
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1922
Total area
12,780 SF
Lot
1.32 ac (57,673 SF)
Zoning code
VCP
APN
324109
UPID
US53-5753248
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
-
Table & Board Take-out & Catering Catering Service
-
Davidson Ice House Restaurant
-
Hot Mess Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$2.26M
Owner & transaction history
Lmr III-south Main Square Nc LLC
Lmr III-south Main Square Nc LLC
since 2026
7 recorded transactions
Zoning & alternative use
VCP · Davidson, 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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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%
$2,610,000
6.5%
$2,410,000
7%
$2,235,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,690,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,505,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$176 / 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
$25,791
Tax year 2023
Assessed value
$3,489,500
Assessed 2024
Previous assessed
$3,553,300
-1.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,026,000
Assessed improvement
$2,463,500
Land market value
$1,026,000
Improvement market value
$2,463,500
Total market value
$3,489,500
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1922
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Rooms
1
Total area
12,780 SF
Lot
1.32 ac (57,673 SF)
Zoning code
VCP
APN
324109
UPID
US53-5753248
Jurisdiction
MECKLENBURG
Zoning & alternative use
VCP · Davidson, NCZoning VCP · permitted uses
VCP · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1922
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Rooms
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Lmr III-south Main Square Nc LLC
Entity
Free & Clear · 0 yrs held
Mailing address
500 E MOREHEAD ST STE #230, CHARLOTTE, NC 28202-3395
Ownership since
2026
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
May 1, 2026
$5,550,000
Lmr III-south Main Square Nc LLC
Aabc South Main Davidson LLC
Special Warranty Deed
—
Feb 19, 2021
—
Aabc South Main Davidson LLC
Urban Organic I LLC
Deed
$2,160,000 · First Bank
Feb 19, 2021
$3,600,000
Aabc South Main Davidson LLC
Urban Organic I LLC
Special Warranty Deed
—
Aug 13, 2019
—
Urban Organic I LLC
—
Deed
related
$423,658 · Peoples Bk
Mar 30, 2006
—
Urban Organic I LLC
1213 Co LLC
Grant Deed
$4,053,230 · Bank Of The Ozarks
Mar 30, 2006
$4,870,000
Urban Organic I LLC
1213 Co LLC
Warranty Deed
—
Aug 13, 1999
$200,000
Twelve Thirteen Company Ll
—
Grant Deed
related
—
Nov 8, 1996
$190,000
Twelve Thirteen Company Ll
Twelve,thirteen
Grant Deed
related
—
Nov 7, 1996
—
1213 Company LLC
—
Deed Of Trust
related
$175,000 · Davidson Ice & Fuel Company
—
—
Urban Organic I LLC
—
Loan Modification
related
$423,658 · Peoples Bk
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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