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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office Spaces
432 Main St 1 Davidson, NC 28036-8129
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1537816
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1998
Total area
1,369 SF
Lot
1.39 ac (60,723 SF)
Zoning code
VCP
APN
324138
UPID
US53-1537816
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
-
Karla DeVine at Guaranteed Rate (NMLS #848701) Loan Service Bank
-
Flyleaf Counseling Social Worker Psychotherapist
-
Zach Melvin at Guaranteed Rate (NMLS #1505469) Loan Service Bank
-
Debbie Cranfill at Guaranteed Rate (NMLS #2102006) Loan Service Bank
-
Dwell Home Supply Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
H2d2 LLC · 6 yrs held
H2d2 LLC
since 2020
Last sale
$880,000
7 recorded transactions
Zoning & alternative use
VCP · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+94.4%
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
$1,065,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Change: +94% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $880k (May 27 2020)
Last sale anchor
$880k
May 27 2020
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
$709 / 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
$2,206
Tax year 2023
Assessed value
$298,500
Assessed 2024
Previous assessed
$298,500
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed improvement
$298,500
Improvement market value
$298,500
Total market value
$298,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,369 SF
Lot
1.39 ac (60,723 SF)
Zoning code
VCP
APN
324138
UPID
US53-1537816
Jurisdiction
MECKLENBURG
Zoning & alternative use
VCP · Davidson, NC
Zoning VCP · permitted uses
VCP · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davidson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$885,000
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
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
H2d2 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
301 WILLOW RD, BELLINGHAM, WA 98225-7838
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
$880,000
H2d2 LLC
Smiling Food LLC
Grant Deed
—
Jan 3, 2020
—
Smiling Food LLC
—
Deed
related
$400,000 · Metrolina Loan Holdings LLC
May 18, 2018
—
Smiling Food LLC
—
Deed
related
$911,000 · First Nat'l Bk/pa
Oct 30, 2013
$475,000
Smiling Food LLC
Urban Organic I LLC
Warranty Deed
$427,500 · Yadkin Bank
Jul 10, 2006
—
Urban Organic I LLC
Owner,record
Grant Deed
related
—
—
—
Smiling Food LLC
—
Deed Of Trust
related
$400,000 · Metrolina Loan Holdings LLC
—
—
Smiling Food LLC
—
Deed Of Trust
related
$911,000 · First Nat'l Bk/pa
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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