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Property profile & analytics
OFF-MARKET
Office Spaces
706 Nene Dr Ste 2 Davidson, NC 28036-7423
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-0477975
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1999
Total area
1,230 SF
Lot
6.51 ac (283,750 SF)
Zoning code
LPA
APN
322265
UPID
US53-0477975
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
by Request
Owner & transaction history
Stillwell Community Invtrs LLC · 8 yrs held
Stillwell Community Invtrs LLC
since 2017
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
—
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
$2,627
Tax year 2023
Assessed value
$355,400
Assessed 2024
Previous assessed
$355,400
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed improvement
$355,400
Improvement market value
$355,400
Total market value
$355,400
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
1,230 SF
Lot
6.51 ac (283,750 SF)
Zoning code
LPA
APN
322265
UPID
US53-0477975
Jurisdiction
MECKLENBURG
Zoning & alternative use
LPA · Davidson, NC
Zoning LPA · permitted uses
LPA · 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.
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
1
Lot
6.51 ac
Current owner
From public records · entity-resolved
Stillwell Community Invtrs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 99, DAVIDSON, NC 28036-0099
Ownership since
2017
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
Oct 5, 2017
—
Stillwell Community Invtrs LLC
Bradford Community Invtrs LLC
Grant Deed
—
Apr 16, 2013
$108,021
Bradford Community Invtrs LLC
Donaldson Kevin C
Trustees Deed
related
—
Dec 29, 2011
—
William Brewster Co INC
Jacobus,everett F JR
Warranty Deed
$26,658 · Everett F JR Jacobus
—
—
Everett F Jacobus JR.
—
Deed Of Trust
related
$335,021 · Richard J Kline
—
—
Everett F Jacobus JR.
—
Deed Of Trust
related
—
—
—
Everett F Jacobus JR.
—
Deed Of Trust
related
$128,000 · Piedmont 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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