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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Banks
685 Academy St, Randleman, NC 27317-9720
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1540438
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
WOOD
Total area
6,260 SF
Lot
2.2 ac (95,832 SF)
Zoning code
I1
APN
7755657045
UPID
US53-1540438
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
-
Cookout Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$379k
Blend (final)
Blend
$620k
Owner & transaction history
Cook Out Academy St INC · 4 yrs held
Cook Out Academy St INC
since 2021
Last sale
$719,000
1 recorded transaction
Zoning & alternative use
I1 · Randleman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+158.6%
Commercial (general)
$685,000
+129.8%
Retail stores
$585,000
+96.3%
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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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
$610,000
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Change: +159% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$495,000
Change: +66% · Conversion: Difficult
RESTAURANT
$490,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$410,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $719k (Sep 7 2021)
Last sale anchor
$719k
Sep 7 2021
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
$99 / 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
$14,400
Tax year 2023
Assessed value
$1,274,350
Assessed 2023
Previous assessed
$1,206,690
+5.6% YoY
Effective rate
1.13%
On assessed value
Assessed land
$368,000
Assessed improvement
$906,350
Land market value
$368,000
Improvement market value
$906,350
Total market value
$1,274,350
Applied tax rate
6.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,260 SF
Lot
2.2 ac (95,832 SF)
Zoning code
I1
APN
7755657045
UPID
US53-1540438
Jurisdiction
RANDOLPH
Zoning & alternative use
I1 · Randleman, NC
Zoning I1 · permitted uses
I1 · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RETAIL STORES
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RESTAURANT
Est. value
$490,000
MEDICAL BUILDING
Est. value
$410,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Cook Out Academy St INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 698, THOMASVILLE, NC 27361-0698
Ownership since
2021
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
Sep 7, 2021
$721,000
Cook Out Academy St INC
First Horizon Bank
Special 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.
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