Back to Search
Property profile & analytics
FOR SALE
Retail space
635 Davidson Gateway Dr Davidson, NC 28036
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2457373
For Sale
Contact for pricing
635 Davidson Gateway Dr, Davidson, NC 28036
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
34,841 SF
Lot
1.22 ac (53,274 SF)
Zoning code
LPA
APN
321117
UPID
US53-2457373
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Katos Properties LLC · 8 yrs held
Katos Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
LPA · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / 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
$9,109
Tax year 2023
Assessed value
$1,232,500
Assessed 2024
Previous assessed
$1,232,500
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,232,500
Land market value
$1,232,500
Total market value
$1,232,500
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
For Sale
Year built
2021
Heating
HEAT PUMP
Buildings
3
Stories
4
Total area
34,841 SF
Lot
1.22 ac (53,274 SF)
Zoning code
LPA
APN
321117
UPID
US53-2457373
Jurisdiction
MECKLENBURG
Zoning & alternative use
LPA · Davidson, NCZoning LPA · permitted uses
LPA · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Heating
HEAT PUMP
Stories
4
Buildings
3
Lot
1.22 ac
Current owner
From public records · entity-resolved
Katos Properties LLC
Entity
Mailing address
PO BOX 639, DAVIDSON, NC 28036-0639
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2018
$1,166,500
Katos Properties LLC
Richard D Mack
Warranty Deed
$870,000 · First National Bank Of Pennsylvania
Apr 20, 2018
—
Richard D Mack
Meeting Place Properties LLC
Quit Claim Deed
related
—
Mar 18, 2004
—
Meeting Place Properties LLC
Mack,richard D & Jill A
Quit Claim Deed
related
—
—
—
Meeting Place Properties LLC
—
Deed Of Trust
related
$1,280,000 · Newdominion Bk
—
—
Meeting Place Properties LLC
—
Deed Of Trust
related
$200,000 · Newdominion Bk
—
—
Meeting Place Properties LLC
—
Deed Of Trust
related
$225,000 · Southern Community Bank
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?”
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.
