Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Automotive properties
538 Andy Griffith Pkwy Mount Airy, NC 27030-2521
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4624475
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,419 SF
Lot
4.34 ac (189,050 SF)
Zoning code
B4
APN
5020-06-28-5648
UPID
US53-4624475
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
-
Mount Airy Chrysler Dodge Jeep Ram Fiat Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.15M
Owner & transaction history
Mccorkle Properties LLC · 12 yrs held
Mccorkle Properties LLC
since 2014
1 recorded transaction
Zoning & alternative use
B4 · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ict The B-3 Neighborhood Business District is intended for the use of th ose businesses which are properly and necessarily located near residential areas and cater to the everyday needs of a residential neighborhood. I. B-4 Highway Business District The B -4 Highway Business Districts are generally located on major thoroughfares and collector streets in the…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
801.76 ac
Top alternative use upside
Commercial (general)
$1.1M
+23.9%
Retail stores
$975,000
+12.1%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
AUTO REPAIR, GARAGE
$870,000
Current use
COMMERCIAL (GENERAL)
$1,075,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$975,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$101 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,103
Tax year 2024
Assessed value
$1,830,180
Assessed 2024
Previous assessed
$1,830,180
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$831,820
Assessed improvement
$998,360
Land market value
$831,820
Improvement market value
$998,360
Total market value
$1,830,180
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
NONE
Buildings
4
Stories
1
Total area
11,419 SF
Lot
4.34 ac (189,050 SF)
Zoning code
B4
APN
5020-06-28-5648
UPID
US53-4624475
Jurisdiction
SURRY
Zoning & alternative use
B4 · Mount Airy, NCZoning B4 · permitted uses
B4 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ict The B-3 Neighborhood Business District is intended for the use of th ose businesses which are properly and necessarily located near residential areas and cater to the everyday needs of a residential neighborhood. I. B-4 Highway Business District The B -4 Highway Business Districts are generally located on major thoroughfares and collector streets in the Mount Airy p lanning area. Because these business areas are subject to public view
Zone name
Highway Business
General category
COMMERCIAL
Zone area
801.76 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$975,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Lot
4.34 ac
Current owner
From public records · entity-resolved
Mccorkle Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
9028 E INDEPENDENCE BLVD, MATTHEWS, NC 28105-4506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2014
$3,750,000
Mccorkle Properties LLC
Patterson Real Estate Holdings LLC
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 538 Andy Griffith Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
