For Sale
$988,000
511 Jetton St, Davidson, NC 28036
View Listing →
Property profile
Verified
Property type
Office Building
Year built
2017
Total area
2,006 SF
Lot
0.07 ac (2,978 SF)
Zoning code
VI
APN
321574
UPID
US53-3494738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Physician Alternative Medicine Practice
-
Financial Advisor
Location
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
since 2022
Last sale
$445,500
2 recorded transactions
Zoning & alternative use
VI · Davidson, NC
Zoning description
er or occupant who has received an order to take corrective action may appeal the order to the Davidson Zoning Board of Adjustment (hereinafter referred to as the “Board of Adjustment” or “Board”) as provided in Article…
General category
RESIDENTIAL
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 18 comparables with addresses
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
2,006 SF
Lot area
0.07 ac
Year built
2017
APN
321574
Zoning
VI
Assessed value
$407,800
Annual tax
$3,014
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$3,014
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$832k
Weighted, 18 comps · high confidence
Evidence
18 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.2 mi away · 2,430 SF
19.8 mi away · 1,898 SF
19.9 mi away · 2,076 SF
19.9 mi away · 2,084 SF
20.0 mi away · 2,464 SF
5
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 18 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.64%
Selected cap rate for this office building
Derived from the Davidson market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.64%
9.0%
NOI (est.)
$36k *
Last sale · May 2018
$446k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$987k
Move the market yield to see immediate price impact.
Value / SF
$492
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.14%3.64%4.14%
$32k
$1.03M
$888k
$781k
$36k
$1.14M
$987k
$868k
$40k
$1.26M
$1.09M
$954k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
18 found
High confidence · county-verified
Closest comparable
$442k
5.6 mi · Dec 2025 · $263/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,014
Tax year 2023
Assessed value
$407,800
Effective rate
0.74%
On assessed value
Assessed land
$74,600
Assessed improvement
$333,200
Land market value
$74,600
Improvement market value
$333,200
Total market value
$407,800
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Building
Status
For Sale
Year built
2017
Total area
2,006 SF
Lot
0.07 ac (2,978 SF)
Zoning code
VI
APN
321574
UPID
US53-3494738
Zoning & alternative use
VI · Davidson, NCZoning VI · permitted uses
VI · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
er or occupant who has received an order to take corrective action may appeal the order to the Davidson Zoning Board of Adjustment (hereinafter referred to as the “Board of Adjustment” or “Board”) as provided in Article…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
2017
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
VI
RESIDENTIAL
Jurisdiction
Davidson, NC
Recorded code
VI
Official district
VI
Official district profile
What the municipal code says about VI
Zoning description
er or occupant who has received an order to take corrective action may appeal the order to the Davidson Zoning Board of Adjustment (hereinafter referred to as the “Board of Adjustment” or “Board”) as provided in Article…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for VI in Davidson, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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