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Property profile & analytics
OFF-MARKET
Estimated value
$38,645,000
Office buildings
525 Harbour Pl Dr, Davidson, NC 28036-7444
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-2814729
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Total area
166,340 SF
Lot
14.67 ac (638,938 SF)
Zoning code
C
APN
322101
UPID
US53-2814729
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
-
MSC Distribution Center Logistics Company
-
Inside Chef Catering Service Take-out & Catering
-
Class C Solutions Group Factory Industrial Manufacturer
-
MSC Industrial Supply Co. Factory Industrial Manufacturer
-
Ingersoll Rand (Corporate Offices) Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.88M
Comparable Approach
Comparable
$43.80M
Blend (final)
Blend
$38.65M
Owner & transaction history
Sid Tool Co INC · 13 yrs held
Sid Tool Co INC
since 2012
4 recorded transactions
Zoning & alternative use
C · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$60.1M
+8.6%
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%
$51,860,000
6.5%
$47,875,000
7%
$44,455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$55,365,000
Current use
MEDICAL BUILDING
$60,130,000
Change: +9% · Conversion: Easy
RETAIL STORES
$52,795,000
Change: -5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$48,000,000
Change: -13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$45,625,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$38.65M
Range $34.78M – $42.51M · ±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
$232 / 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
$244,010
Tax year 2023
Assessed value
$33,014,500
Assessed 2024
Previous assessed
$33,432,200
-1.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$7,101,000
Assessed improvement
$25,913,500
Land market value
$7,101,000
Improvement market value
$25,913,500
Total market value
$33,014,500
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1
Total area
166,340 SF
Lot
14.67 ac (638,938 SF)
Zoning code
C
APN
322101
UPID
US53-2814729
Jurisdiction
MECKLENBURG
Zoning & alternative use
C · Davidson, NC
Zoning C · permitted uses
C · 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
OFFICE BUILDING Current
Est. value
$55.4M
MEDICAL BUILDING
Est. value
$60.1M
RETAIL STORES
Est. value
$52.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$48.0M
AUTO REPAIR, GARAGE
Est. value
$45.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
14.67 ac
Current owner
From public records · entity-resolved
Sid Tool Co INC
Entity
Free & Clear · 13 yrs held
Mailing address
75 MAXESS RD, MELVILLE, NY 11747-3151
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2012
$4,200,000
Sid Tool Co INC
Ck Davidson LLC
Grant Deed
—
Feb 16, 2007
$640,000
Fairhills/rlt Harbour Place Townhom
Ck Davidson LLC
Special Warranty Deed
$4,600,000 · Peoples Bank
Jun 22, 2004
$4,600,000
Ck Davidson LLC
Mercy Equipment Corp
Grant Deed
—
Sep 22, 1993
$400,000
Davidson,college
Unknown
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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